Increase in unemployment rate in May 2008
June 09, 2008
The unemployment rate rose from 5.0 in April 2008 to 5.5 percent in May 2008.
The number of unemployed persons increased by 861,000 to 8.5 million in May.
A year earlier, the number of unemployed persons was 6.9 million, and the jobless rate was 4.5 percent.
The unemployment rates for adult men, adult women, teenagers, whites, and blacks rose in May. The jobless rate for Hispanics was unchanged.
Among the unemployed, the number of reentrants and new entrants to the labor force rose in May, by 326,000 and 204,000, respectively.
The number of persons who had lost their last job increased by 268,000 over the month to 4.3 million. Over the past 12 months, the number of unemployed job losers has risen by 907,000.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Increase in unemployment rate in May 2008 on the Internet at http://www.bls.gov/opub/ted/2008/jun/wk2/art01.htm (visited October 26, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.