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Labor Markets

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December’s labor market data continued to indicate strength, closing out an impressive year. In 1998, job creation was above trend, the unemployment rate fell to its lowest annual average in more than 35 years, and the employment-to-population ratio reached an all-time high.

Suggested citation: "Labor Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-01, pp. 11, 01.01.1999.

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