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Labor Markets

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Most employment indicators held steady in October, but employment costs implied labor-market tightness in the third quarter. The number of jobs in the economy increased moderately, and the unemployment rate held constant. Wage and salary rates grew faster than they have in more than six years.

Suggested citation: “Labor Markets,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-11, pp. 10, 11.01.1998.

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