Unemployment Rate Drops to 6.9 Percent in May
The nation’s unemployment rate fell to 6.9 percent in May, the first time below 7 percent since 1991, as 209,000 new nonfarm jobs were added after an April gain of 216,000. Gains centered in services and construction, offset by continued weakness in manufacturing which shed 39,000 jobs.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
U.S
Clinton
White House
George Stephanopoulos
Labor
Robert
Texas jobless rate dips to 6.5 percent
The May unemployment rate in Texas falls to 6.5 percent, the lowest in nearly two years, down from 6.7 percent in April and second lowest among 11 industrial states. Nationally, unemployment eased to 6.9 percent as construction gains boost May figures. Analysts temper expectations, warning against overinterpreting one month.
MENTIONED IN THIS ARTICLE
Texas
Amon
Nort
Labor Department
Cable TV rate rollbacks may be delayed by FCC
Washington AP Consumers may wait longer for cable rate rollbacks as the FCC says it needs more money to hire enforcement staff. The commission considers freezing current rates or delaying rules until October 1 with petitions allowed, affecting 57 million subscribers and 30,000 franchising authorities. Additional funds of $12 million for this year and $16 million for next year are requested.
MENTIONED IN THIS ARTICLE
FCC
Washington
Federal Communications Commission
Congress
Commission
James ‘Quello
Nys
Quello
Infomercial maker settles for 3.5 million dollars
Synchronal Corp later acquired by Regal Communications agreed to pay 3.5 million to settle FTC false advertising charges. The two infomercials allegedly claimed cellulite dissolution and baldness cure and were disguised as programming. Consumers reportedly billed without consent and were sent extra products. Regulatory officials note industry growth and ongoing concerns.
MENTIONED IN THIS ARTICLE
Regal
Bruce Edmondson
Edmondson
Richard Cleland
FTC
Cleland
Regal Final
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