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ABSTRACT

February 1999, Vol. 122, No. 2

Job growth slows during crises overseas

William C. Goodman
Economist in the Division of Monthly Industry Employment, Bureau of Labor Statistics

Timothy D. Consedine
Economist in the Division of Labor Force Statistics, Bureau of Labor Statistics


Foreign economic crises ate into the demand for U.S. goods and reduced U.S. manufacturing jobs, but hiring increased in construction, finance, and government; unemployment was low throughout the year.  This article describes changes in the labor market in 1998, in comparison to trends during the earlier years of the current expansion.

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