Increase in unemployment rate in May 2008
June 09, 2008
The unemployment rate rose from 5.0 in April 2008 to 5.5 percent in May 2008.
The number of unemployed persons increased by 861,000 to 8.5 million in May.
A year earlier, the number of unemployed persons was 6.9 million, and the jobless rate was 4.5 percent.
The unemployment rates for adult men, adult women, teenagers, whites, and blacks rose in May. The jobless rate for Hispanics was unchanged.
Among the unemployed, the number of reentrants and new entrants to the labor force rose in May, by 326,000 and 204,000, respectively.
The number of persons who had lost their last job increased by 268,000 over the month to 4.3 million. Over the past 12 months, the number of unemployed job losers has risen by 907,000.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Increase in unemployment rate in May 2008 on the Internet at http://www.bls.gov/opub/ted/2008/jun/wk2/art01.htm (visited July 03, 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.