Fourth District Employment Conditions
The Fourth District’s unemployment rate rose slightly to 5.8% in June after falling to 5.6% in May, the lowest point on the downward trajectory from its 6.2% peak in early 2003. The U.S. unemployment rate for June, by comparison, remained at 5.6% for the third consecutive month. Unemployment rates for the District and U.S. tend to track one another closely, typically showing only small month-to-month differences.
Suggested citation: "Fourth District Employment Conditions," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-08, pp. 14-16, 08.01.2004.