The downward trend in payroll employment continued in May, with a net loss of 19,000 jobs, but this was a considerable improvement over April’s loss of 182,000 jobs. After Bureau of Labor Statistics revisions to previous monthly figures, May was the second consecutive month of net job losses.
Suggested citation: "Labor Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-06, pp. 12, 06.01.2001.