NewsAugust 3, 2002
Unemployment rate at 5.9 percent
WASHINGTON -- The nation's unemployment rate remained stuck at 5.9 percent in July with a disappointing 6,000 new jobs created, increasing worries that the fledgling recovery could be in danger of stalling out. Friday's report by the Labor Department capped a week of dismal data in which economists' hopes for signs of a rebound were dashed. Analysts had expected about 60,2000 new jobs for July instead of the meager 6,000...
The Associated Press
WASHINGTON -- The nation's unemployment rate remained stuck at 5.9 percent in July with a disappointing 6,000 new jobs created, increasing worries that the fledgling recovery could be in danger of stalling out.
Receive Daily Headlines FREESign up today!
Friday's report by the Labor Department capped a week of dismal data in which economists' hopes for signs of a rebound were dashed. Analysts had expected about 60,2000 new jobs for July instead of the meager 6,000.
New hiring in the services industry was tempered by job cuts in construction and manufacturing.
Story Tags
Advertisement
Connect with the Southeast Missourian Newsroom:
For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.
Related
Advertisement
Receive Daily Headlines FREESign up today!
