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Labor Markets

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With the unemployment rate hitting a 24-year low in November, the employment-to-population ratio at a historic high, and reports of scattered labor shortages on the rise, analysts are increasingly characterizing the labor market as “tight.” But tightness is not apparent in the pace of labor compensation.

Suggested citation: “Labor Markets,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-01, pp. 12, 01.01.1998.

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