Job growth moderated in 1989 while unemployment held steady.

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...

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Bibliographic Details
Published in:Monthly Labor Review Vol. 113; pp. 3 - 16
Main Authors: Haugen, Steven E., Parks, William
Format: Article
Published: US Department of Labor Mar90
Subjects:
Online Access:View this record in EBSCOhost
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      aug:
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          Haugen, Steven E.
          Parks, William
      su:
        Unemployment
        Employment
        United States
      sug:
        subj:
          United States
          Unemployment
          Employment
      ab: 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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    language: English
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