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Lower unemployment in 2005
Emy Sok
Economist, Division of Labor Force Statistics, Bureau of Labor Statistics.
E-mail: Sok.Emy@bls.gov
The Current Population Survey data show continued improvement in the labor market in 2005, as reflected by a decline in unemployment and substantial employment growth. Also notable were the decline in the long-term unemployed—both in their level and as a percentage of total unemployment—and the continuing decline of involuntary part-time workers. Overall, participation rates were little changed over the year. Weekly earnings increased in 2005, but at a slower pace than inflation. Special labor force data collected on Hurricane Katrina evacuees revealed a marked difference in the employment status of those who had returned to their prehurricane residence and those who had not.
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Labor Force Statistics from the Current Population Survey
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