Employment situation changed little in May
June 04, 2001
Nonfarm employment and the unemployment rate were little changed in May. Manufacturing had another large job loss, which was mostly offset by employment gains in other industries, including services, construction, and finance, insurance, and real estate.
Both the number of unemployed persons (6.2 million) and the unemployment rate (4.4 percent) were little changed in May. The unemployment rate was half a percentage point higher than its recent low of 3.9 percent.
Manufacturing employment dropped by 124,000 in May. Since last July, job losses in manufacturing have totaled 675,000, with more than two-thirds of the decline occurring since December. Declines in manufacturing employment were widespread in May.
The Current Employment Statistics program produced the nonfarm payroll employment data. Unemployment data are the product of the Current Population Survey. Find out more about employment and unemployment developments in May in "The Employment Situation: May 2001," news release USDL 01-157.
SUGGESTED CITATION
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employment situation changed little in May on the Internet at https://www.bls.gov/opub/ted/2001/june/wk1/art01.htm (visited December 05, 2019).
OF INTEREST
Recent editions of Spotlight on Statistics
- A look at employment and wages in U.S. establishments with foreign ownership
Examines employment and wages in U.S. establishments that have at least one foreign owner with at least 10 percent ownership. - 25 years of Worker Injury, Illness, and Fatality Case Data
Examines detailed historical data on work-related injuries, illnesses, and fatal injuries. - Occupational employment projections through the perspective of education and training
Examines employment, projected employment growth, and wages for occupations with different education and training requirements. - Workers in Alternative Employment Arrangements
A look at independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms.
