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March 2006, Vol. 129, No. 3
Lower unemployment in 2005
Economist, Division of Labor Force Statistics, Bureau of Labor Statistics.
The Current Population Survey data show continued improvement in the labor market in 2005, as reflected by a decline in unemployment and substantial employment growth. Also notable were the decline in the long-term unemployed—both in their level and as a percentage of total unemployment—and the continuing decline of involuntary part-time workers. Overall, participation rates were little changed over the year. Weekly earnings increased in 2005, but at a slower pace than inflation. Special labor force data collected on Hurricane Katrina evacuees revealed a marked difference in the employment status of those who had returned to their prehurricane residence and those who had not.
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Labor Force Statistics from the Current Population Survey
indicators show some improvement in 2004.—Mar.
The U.S. labor market in 2003: signs of improvement by year’s end—Mar. 2004.
U.S. labor market in 2002: continued weakness—Feb. 2003.
U.S. labor market in 2001: economy enters a recession—Feb. 2002.
The job market in 2000: slowing down as the year ended.—Feb. 2001.
The job market remains strong in 1999.—Feb. 2000.
Job growth slows during crises overseas.—Feb. 1999.
Strong job growth continues, unemployment declines in 1997.—Feb. 1998.
Employment in 1996: jobs up, unemployment down.—Feb. 1997.
Slower economic growth affects the 1995 labor market.—Mar. 1996.
Strong employment gains continue in 1994.—Feb. 1995.
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