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Labor Markets

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Total nonfarm employment showed a net gain of 137,000 workers last month, comparable to September’s gain of 148,000 (adjusted for the effect of strikes and the layoff of the last sizeable contingent of temporary census workers). Other labor market measures also show relative equability: The unemployment rate remained at 3.9%, while the employment-to-population ratio inched up one-tenth of a percent to 64.4%.

Suggested citation: "Labor Markets," Federal Reserve Bank of Cleveland, Economic Trends, no. 00-11, pp. 13, 11.01.2000.

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