Fourth District Employment
The Fourth District’s unemployment rate fell to 5.2% in May, down from 5.5% in April. Over the month, employment increased 0.1%, the number of unemployed people fell 4.7%, and the labor force shrank 0.1%. Nationally, the unemployment rate was 4.6% in both May and June.
Suggested citation: “Fourth District Employment,” Federal Reserve Bank of Cleveland, Economic Trends, no. 06-08, pp. 14, 08.15.2006.