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February 1989, Vol. 112, No. 2
Labor market completes sixth year of expansion in 1988
W. J. Howe and W. Parks, II
Economists, Office of Employment and Unemployment Statistics,
Bureau of Labor Statistics
Both civilian and nonagricultural employment continues to rise. The 5.3-percent unemployment rate in the fourth quarter was the lowest since the second quarter of 1974. This article examines developments in the labor force, employment, and unemployment during 1988.
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