Labor markets continued to grow at a good pace in July, as nonfarm payroll employment increased by 193,000. This latest figure brings jobs growth for 1996 to an average of 230,000 per month, which is much higher than the 1995 rate.
Suggested citation: “Labor Markets,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-08, pp. 12-13, 08.01.1996.