State Labor Trends
US employment growth stalled during the past year. Despite some recent episodes of relatively strong job additions, net employment growth dropped from a year-over-year change of 3% in January 1995 to only 1.5% in March 1996. Historically, such deceleration often occur before recessions, but this is not always the case, as the mid-eighties showed.
Suggested citation: “State Labor Trends,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-06, pp. 12-13, 06.01.1996.