The U.S. employment situation was off to an unusual start in 1996 as nonfarm payrolls tumbled by 201,000 in January. The "blizzard of the century" has been blamed for much of this unexpected decline, making it difficult to determine the underlying trends in the labor market.
Suggested citation: “Labor Markets,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-02, pp. 12-13, 02.01.1996.