• Corpus ID: 158132612

Strong Job Growth Continues, Unemployment Declines in 1997

@article{Ilg1998StrongJG,
  title={Strong Job Growth Continues, Unemployment Declines in 1997},
  author={Randy E. Ilg and Angela Clinton},
  journal={Monthly Labor Review},
  year={1998},
  volume={121},
  pages={48}
}
The labor market continued to improve in 1997 as job growth accelerated from the previous year and unemployment declined. Total nonfarm payroll employment increased by more than 3 million workers and the unemployment rate fell to 4.7 percent in the fourth quarter of 1997, the lowest level in nearly 28 years. During this sixth year of job market expansion, earnings growth accelerated and real average hourly earnings of private production or nonsupervisory workers posted their largest increases… 

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References

and Lucette Lagnado , “ U . S . claims deep fraud at Columbia , ” The Wall Street Journal , Oct . 7 , 1997 ; and “ Clinton calls for moratorium on entry of home health agencies into Medicare