Investing June 1, 2001
Unemployment Rate Falls in May
June 1, 2001 (PLANSPONSOR.com) - Monthly
unemployment unexpectedly fell to 4.4% in May, the first
decrease since September last year.
Reported by Camilla Klein
The figure, reported by the Department of Labor, which fell from 4.5% in April, contrary to analysts’ predictions, comes on the heels of data released yesterday, which showed initial unemployment claims rising by 8,000.
The drop in the unemployment rate, based on a survey of US households, will likely decrease market expectations for further monetary easing.
See also: Job Stats Set For Shake-up