Jobless rate likely rose in March to 5.9 Final Edition

Washington -- The U.S. unemployment rate rose to 5.9% and companies eliminated jobs in March as the economy remained stuck in low gear, the government is expected to report this week.The jobless rate edged up from 5.8% in February, a Bloomberg News survey found. Payrolls fell 38,000 after a 308,000...

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Published inMilwaukee journal sentinel
Main Author VINCE GOLLE AND ALEX TANZI
Format Newspaper Article
LanguageEnglish
Published Milwaukee, Wis Journal Sentinel Inc 31.03.2003
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Summary:Washington -- The U.S. unemployment rate rose to 5.9% and companies eliminated jobs in March as the economy remained stuck in low gear, the government is expected to report this week.The jobless rate edged up from 5.8% in February, a Bloomberg News survey found. Payrolls fell 38,000 after a 308,000 slump the previous month, economists said they expect the Labor Department to report Friday. Manufacturers probably reduced payrolls by 38,000 in March after a decline of 53,000 in February, economists expect the jobs statistics to show. It would be a 32nd straight month of job losses in heavy industry. The projections are based on the median of 56 forecasts.
ISSN:1082-8850