United States: Recent Economic Developments
Summary:
This paper reviews economic developments in the United States during 1992–96. The paper briefly describes improvements in the national income and product accounts (NIPA) and some of their implications for the analysis of long-term trends in U.S. investment and saving. The paper highlights that the effect of the 1990–92 recession on employment was considerably less severe than the effect of the 1981–82 recession. During the 1990–92 recession, employment fell by 1½ percent, compared with a drop of 3 percent during the 1981–82 recession.
Series:
Country Report No. 1996/093
Subject:
Employment Income distribution Labor National accounts Personal income Unemployment rate Wages
English
Publication Date:
September 11, 1996
ISBN/ISSN:
9781451839487/1934-7685
Stock No:
1USAEA0011996
Pages:
129
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