monthly labor review december 2000 3 employment in the 1990s t he us economy sank into recession early and then rebounded with longest running expansion nation s history 1 real gross domestic product gdp growth slowed 1990 as country slipped by 1992 however recovery began grew throughout remainder of de cade nonfarm payroll increased nearly 21 million workers during decade 2 export sensitive industries fol lowed a cyclical pattern turning down for 91 later asian economic crisis reduced defense spending resulted job losses related especially while number declined these goods producing construction to slowly recover strong resumed mid technology demand more services drove up service sector productivity improved new cheaper computer was applied all sectors businesses transformed their systems meet y2k deadlines compete lower priced foreign resulting from asia inflation remained largely
