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Record W247315569

The Job Market Remains Strong in 1999

2000· article· en· W247315569 on OpenAlexaboutno aff
Jennifer L. Martel, Laura A. Kelter

Bibliographic record

VenueMonthly labor review · 2000
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicLabor market dynamics and wage inequality
Canadian institutionsnot available
Fundersnot available
KeywordsNonfarm payrollsRecessionEconomicsUnemploymentPayrollMinimum wageLabour economicsQuarter (Canadian coin)Interest rateJob lossConsumer confidence indexGross domestic productDemographic economicsMonetary economicsEconomic growthGeographyAgricultureMacroeconomics
DOInot available

Abstract

fetched live from OpenAlex

The U.S. economy entered its 9th year of expansion in 1999. By the end of the year, 106 months of uninterrupted recovery from the 1990–91 recession had passed, equaling the lengthy expansion of the 1960s— the longest on record. Gross domestic product increased 4.3 percent in 1999, with the strength due, in large part, to exceptionally robust consumer spending. (See table 1.) Most indicators of labor market performance evidenced continued strength in 1999. Over the year, total nonfarm payroll employment increased by 2.7 million, to 129.6 million in the fourth quarter, and the unemployment rate declined to 4.1 percent by year’s end, a 30-year low. With employment continuing to grow and unemployment continuing to inch down, concerns about the economy overheating and resultant inflationary pressures prompted the Federal Reserve to raise interest rates several times in the second half of the year. As the year progressed, wage growth remained tepid, and by the end of the year, consumer prices were up by only 2.6 percent from a year earlier. The service-producing industries provided the overwhelming majority of employment growth in 1999. Job growth in construction also was healthy, buoyed by low interest rates and strong consumer confidence, although the rise in mortgage interest rates in the second half of the year dampened employment in homebuilding a bit. Manufacturing continued to lose jobs in 1999, as export growth remained sluggish in the wake of recent economic turmoil in several Asian economies. However, the rate of job loss in manufacturing was slower than in the previous year. Workers in most major demographic groups benefited from the healthy labor market in 1999, as unemployment rates fell to their lowest levels in decades. Almost half of the employment growth over the year occurred in the higher paying managerial and professional specialty occupations. Men, women, whites, blacks, and Hispanics all reported increases in real earnings. This article provides snapshots of several important developments or issues related to the U.S. economy and labor market in 1999. The primary sources of data are the Current Employment Statistics (CES) survey of establishments and the Current Population Survey (CPS) of households. Both of these surveys are conducted monthly; however, quarterly averages are used in the analysis that follows, unless otherwise noted, and over-the-year changes are based on comparisons of fourth-quarter 1998 and 1999 data, unless otherwise noted.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.003
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: Not applicable
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.053
Threshold uncertainty score0.178

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0020.003
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.001
Science and technology studies0.0040.001
Scholarly communication0.0070.003
Open science0.0010.003
Research integrity0.0020.003
Insufficient payload (model declined to judge)0.0530.019

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.019
GPT teacher head0.237
Teacher spread0.219 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations12
Published2000
Admission routes1
Has abstractyes

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