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Labor Markets

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Labor markets showed renewed signs of strength in November. The unemployment rate dropped to 4.4%, ending its steady increase from the 28-year low achieved in May. Nonfarm payrolls rose sharply compared to the tepid increases of September and October. Productivity for the summer was revised upward.

Suggested citation: “Labor Markets,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-12, pp. 12, 12.01.1998.

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