Economy - Economics USA

Unemployment drops lowest in 5 years in time for election

2-3-2003 • Associated Press

The unemployment rate dropped from 4.9 percent to 4.7 percent, the lowest since July 2001. For blacks, the rate fell to 8.9 percent, the best since September 2001. The unemployment rate for Hispanics fell to a 5-month low of 5.8 percent.