Board of Governors of the Federal Reserve System

Treasury bills fluctuated in a narrow range near 3.90 per cent. Yields...Treasury notes and bonds also continued generally stable, although they

stable following a slight decline in September. The rise in average wage...lower in October, marking the first decrease since last spring. Yields

K.7 Complex-Task Biased Technological Change and the Labor Market Caines, Colin, Florian Hoffman, and Gueorgui Kambourov International Finance

lower-tail of the distribution – which means that researchers using tax...lower-tail or broad- based inequality measures because it does not capture

remained strong in most areas, with particularly tight office markets ...tradespeople-remained in short supply. Shortages of retail workers were

Meeting of the Federal Open Market Committee December 17, 1996 A meeting of the Federal Open Market Committee was held in the offices of the Board

moving average I~~~~ I 1993 Insured unemployment rate Percent 1992 1995...lower again in October. In the Conference Board survey of consumer attitudes

moving the U.S. payments system forward in implementing faster payments...remain confidential to the task force. The role of the task force is not

lowered it in April. Because of leap year, this year the February and ...moving average of initial claims for unemployment insurance has crept

remained relatively stable. The unemployment rate was unchanged at 5.2...yields on long-term Government bonds were close to their lowest levels