| Sumario: | Although there was an increase in the rate of job growth and a small decline in unemployment in 1996, these gains were moderated by losses in nondurable goods manufacturing, federal employment, and persistent long-term unemployment. The number of nonfarm payroll jobs increased by 2.6 million, with the largest gains occurring in services, retail, construction, and public school systems. In addition, the jobless rate decreased from 5.6 percent at the end of 1995 to 5.3 percent by the third quarter of 1996. In contrast to the strong performance of the labor market in general, 158,000 jobs were lost in nondurable goods manufacturing, while civilian employment in the federal government decreased by a further 65,000. Some of the major changes in the labor market from 1995 to 1996 in terms of industries and individuals are discussed.
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