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March 1996

Slower economic growth affects the 1995 labor market

Jennifer Gardner, Howard Hayghe

Job growth slowed dramatically in 1995, but the unemployment rate remained little changed. This article reviews the important changes in the employment picture that occurred in 1995, as the economy was cooling down from 1994's robust expansion. It discusses the trends in non-farm payroll employment by industry, as well as changes in the employment status of persons in various demographic and occupational groups. The data in this article were collected through the Bureau of Labor Statistics two monthly employment surveys, the Current Employment Statistics (CES) survey and the Current Population Survey (CPS).1

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