Labor market growth in September appeared to recover from August's sluggish pace, with nonfarm payroll employment rising 215,000 nationwide. However, when one factors in the return of work of the former UPS strikers, the estimate is closer to 53,000 - much lower than expected. Indeed, September was characterized by weakness in a variety of industries, eclipsing the strike effects and the difficulty of measuring education employment now that many districts have switched to year-round schooling.
Suggested citation: “Labor Markets,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-10, pp. 12, 10.01.1997.