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USA a Model to Follow


Unemployment in the United States has been falling continuously for the last seven years and the economy is speeding ahead towards full-employment. Underlying this success has been the sustained expansion of US non-farm payroll employment. The chart opposite shows this process. In 1996, total employment averaged 119.6 million. This year the total is expected to reach 128.4 million. Leading the way is the booming US construction sector, with employment up by an average of 5% in each of the last three years. Nearly 900,000 extra people have found work in this industry since 1996.



E-mail Steve Margetts