In 1998, U.S. nonfarm employment grew 2.3%, though this growth was not spread evenly throughout the country. The District of Columbia and Hawaii, for example, actually experienced declining employment in 1998; Hawaii’s economy, being closely tied to Japan’s, was adversely affected by its woes. Regionally, the West and the South showed the strongest rates of employment gain, led by Florida (4.2% annually) and Nevada (4.1%).
Suggested citation: "Regional Conditions," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-04, pp. 13-14, 04.01.1999.