Fourth District Employment
In June, the Fourth District’s unemployment rate held steady at 5.8% for the third consecutive month. The U.S. unemployment rate was 5.0% in both June and July. The 0.8 percentage point difference between the nation’s rate and the District’s matches the largest recorded divergence between the two, previously reached only in March 2005.
Suggested citation: “Fourth District Employment,” Federal Reserve Bank of Cleveland, Economic Trends, no. 05-09, pp. 14, 09.01.2005.