Payrolls Fall 17,000; Jobless Up to 6.1%

Newman, Emily
June 2003
Bond Buyer;6/9/2003, Vol. 344 Issue 31652, p2
Trade Publication
According to U.S. government data, nonfarm payrolls declined and unemployment rose in the country in May 2003. The Labor Department reported a 17,000 loss in payrolls outside the farm sector. IFR BondData America's poll of economists had predicted the payroll level would rise by 40,000. The May unemployment rate was 6.1 percent, up from April's unrevised 6.0 percent rate. May 2003 wages rose five cents to 15.34 dollars per hour on average, compared with April's revised 15.29 dollars, first reported as 15.11 dollars.


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