Related BLS programs | Related articles
February 1998, Vol. 121,
No. 2
Randy E. Ilg
Economist, Office of Employment and Unemployment
Statistics, Bureau of Labor Statistics
Angela Clinton
Economist, Office of Employment and
Unemployment Statistics, Bureau of Labor Statistics
The unemployment rate fell to a 28-year low last year, as job growth accelerated. Real earnings reached their highest level yet in the 1990s. This article summarizes labor market developments for 1997 and describes the economic context in which these developments occurred. The annual rate of employment growth as measured by the Current Employment Statistics survey was 2.5 percent, four-tenths of a percentage point above that posted a year earlier. The unemployment rate dropped 0.6 percent in the past year.
Read excerpt Download full text in PDF (193K)
Related BLS programs
Labor Force
Statistics from the Current Population Survey
National Current
Employment Statistics
State and Area Current
Employment Statistics
Related Monthly
Labor Review articles
Employment in 1996: jobs up, unemployment down. February 1997.
Slower economic growth affects the 1995 labor market. March 1996.
Strong employment gains continue in 1994. February 1995.
Labor market improves in 1993, The. February 1994.
1992: Job market in the doldrums. February 1993.
Within Monthly Labor Review Online:
Welcome | Current
Issue | Index | Subscribe | Archives
Exit Monthly Labor Review Online:
BLS Home | Publications & Research Papers