June 11, 2002
The number of unemployed persons (8.4 million) and the unemployment rate (5.8 percent) were little changed over the month. The May unemployment rate is 1.9 percentage points above its most recent low of 3.9 percent in October 2000, and the number of unemployed persons is 2.8 million higher.
The number of long-term unemployed persons—those unemployed 27 weeks or longer—rose by 142,000 in May, following increases of similar size in March and April. This measure has increased by about 1 million persons over the past 12 months.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Unemployment rate at 5.8 percent in May on the Internet at http://www.bls.gov/opub/ted/2002/jun/wk2/art02.htm (visited July 31, 2015).
New estimates of personal taxes in Consumer Expenditure Survey
In 2013, the Consumer Expenditure Survey improved its personal tax data.
Trends in long-term unemployment
Long-term unemployment reached historically high levels following the recession of 2007–2009.
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.