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February 1989, Vol. 112, No. 2
Labor market completes sixth year of expansion in 1988
W. J. Howe and W. Parks, II
Labor market performance by most measures remained healthy in 1988, as employment gains continued and the civilian unemployment rate fell to a 14-year low. The economy completed its sixth year of expansion, the second longest period of sustained growth since World War II and the longest peacetime expansion.
Following are highlights of employment and unemployment developments in 1988:
This excerpt is from an article published in the February 1989 issue of the Monthly Labor Review. The full text of the article is available in Adobe Acrobat's Portable Document Format (PDF). See How to view a PDF file for more information.
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