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twitterJobless rate declines
Friday, June 7, 2002 | 10:11 a.m.
WASHINGTON -- The nation's unemployment rate unexpectedly edged down to 5.8 percent in May -- the first decline in three months. But economists cautioned that the improvement was likely to be short-lived as a weak recovery keeps businesses cautious about rehiring.
The Labor Department reported today that the jobless rate fell 0.2 percentage points last month from an eight-year high of 6.0 percent in April. Economists had predicted the May rate would edge up to 6.1 percent.
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Dik Richie at Moon
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A Night to Honor Israel at the Cashman Theatre
Cashman Convention Center | 7 p.m. to 10 p.m.
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Ladies night at Feelgoods
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Sin City Sinners at VooDoo Lounge
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