June 10, 2002 (The Editor’s Desk is updated each business day.)
Payroll employment in May
Total nonfarm payroll employment, at 130.7 million, was little changed in May for the third consecutive month. From the start of the recession in March 2001 through February 2002, job losses had averaged 160,000 a month.
[Chart data—TXT]
Employment in the services industry rose by 68,000 in May, following
gains of similar magnitude in the prior 2 months. In retail trade, job
losses in eating and drinking places and department stores were partly
offset by small employment gains in other retail industries over the
month.
Employment was unchanged in transportation and public utilities, following
job losses totaling 347,000 from the industry's last employment peak in
February 2001. In government, employment in local education increased by
26,000 in May; this was partly offset by declines in the noneducation
component of state government.
In the goods-producing sector, employment in manufacturing edged down by
19,000 in May; factory job losses have moderated substantially since the
beginning of the year.
Employment in construction was about unchanged in May, as seasonal hiring
just met expectations. Employment in mining edged down by 3,000 in May.
Payroll employment data are products of the Current Employment Statistics program. Data for April and May 2002 are preliminary and subject to revision. Data in this article are seasonally adjusted. For more information, see
The Employment Situation: May 2002, news release USDL. 02-332. The establishment data in this release have been revised as a result of the annual benchmarking process; the introduction of probability-based sample estimates for transportation and public utilities, retail trade, and finance, insurance, and real estate; and the updating of seasonal adjustment factors.
Of interest
Spotlight on Statistics: National Hispanic Heritage Month
In this Spotlight, we take a look at the Hispanic labor force—including labor force participation, employment and unemployment, educational attainment, geographic location, country of birth, earnings, consumer expenditures, time use, workplace injuries, and employment projections.
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Read more »