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Unemplyment up { November 1 2002 }

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   http://www.nytimes.com/aponline/business/AP-Economy.html

http://www.nytimes.com/aponline/business/AP-Economy.html

November 1, 2002
Unemployment Rate Rose to 5.7% in October
By THE ASSOCIATED PRESS


Filed at 8:39 a.m. ET


WASHINGTON (AP) -- The nation's unemployment rate edged back up to 5.7 percent in October as businesses cut 5,000 jobs, indicating the employment market remains uncertain for workers and companies amid the nation's bumpy recovery.

October's 5.7 percent jobless rate was up slightly from 5.6 percent in September, and jobs were cut for the second month in a row, the Labor Department reported Friday. Cuts came largely in manufacturing, construction and temporary employment services.

The good news is the country's employment situation appears to be moderating, with the jobless rate nudging up and down slightly in recent months instead of surging in one direction.



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