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Article: The U.S. labor market in 2003: signs of improvement by year's end: job losses eased in 2003, and the unemployment rate edged down in the second half of the year.(Labor Market, 2003)(statistical data inlcuded)(includes related articles: Conceptual differences between employment estimates from establishment and household surveys; Local area unemployment statistics)
- Article from:
- Monthly Labor Review
- Article date:
- March 1, 2004
- Author:
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In 2003, total nonfarm employment continued to decline until late in the year. The unemployment rate rose during the first half of the year and then fell, ending the year about where it started.
Several factors affected employment trends last year. Lingering effects from both the late-1990s technology bubble and the 2001 recession, as well as related State and local government budget crises, led to continued job losses or to rates of employment growth slower than those seen in recent years. Strongly competitive markets drove ongoing structural change in several industries, while lackluster tourism translated into little or no growth in some tourism-related ...