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Labor Markets

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Labor markets were strong in April. Payroll employment growth rebounded from minimal gains in March, and the unemployment rate rose slightly from the 29-year low reached a month earlier. Neither the Employment Cost Index nor hourly earnings indicated any substantial upward wage pressure.


Suggested citation: "Labor Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-05, pp. 11, 05.01.1999.

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