Although the overall unemployment rate edged up to 5.0% in June, the most recent employment statistics continue to portray a robust labor market. Nonfarm payrolls were up a healthy 217,000 for the month, maintaining this year's vigorous average pace.
Suggested citation: “Labor Markets,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-07, pp. 12, 07.01.1997.