IMF Staff Country Reports

United States: Recent Economic Developments

Publication Date:

September 11, 1996

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