| Sumario: | In 1989, as the United States' economic expansion extended to seven consecutive years, job growth moderated, and unemployment showed little change for most of the year. The overall slowdown in job growth resulted largely from a decline in employment in the manufacturing industries, although nearly all other industries experienced smaller job gains in 1989 than in the previous year. Despite this slowdown, the unemployment rate averaged a steady 5.3 percent. The number of unemployed Americans in the fourth quarter, 6.6 million, was close to the figure from the same quarter of 1988. The decreased pace of employment growth was experienced by all demographic groups, and the stagnant unemployment rate held for all major worker groups.
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