The economy continued to strengthen in February, with nonfarm employment expanding by 310,000. Since last October, 1.76 million new jobs have been added, the best five-month posting since the middle of 1994. Leading last month’s advance were the service and construction sectors, which added 273,000 and 41,000 jobs, respectively.
Suggested citation: “Labor Markets,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-03, pp. 12, 03.01.1998.