Unemployment rate trending down
July 11, 2005
The jobless rate in June 2005 was 5.0 percent, seasonally adjusted. It has trended downward since February 2005 and is now 1.3 percentage points lower than its most recent high in June 2003.
The number of unemployed persons was little changed over the month at 7.5 million, but is down by 1.7 million since June 2003.
The jobless rates for most major worker groups—adult men (4.3 percent), adult women (4.6 percent), whites (4.3 percent), blacks (10.3 percent), and Hispanics or Latinos (5.8 percent)—showed little or no change in June. The unemployment rate for teenagers edged down to 16.4 percent over the month.
The number of long-term unemployed persons—those unemployed 27 weeks or longer—fell to 1.3 million in June. This group accounted for 17.8 percent of total unemployment, down from 20.1 percent in May.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Unemployment rate trending down on the Internet at http://www.bls.gov/opub/ted/2005/jul/wk2/art01.htm (visited August 29, 2015).
Recent editions of Spotlight on Statistics
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.