Tenth District Economic Developments
回顾1996年第十区经济温和增长，劳动力市场紧张限制就业增长，畜牧业下滑拖累整体，但建筑业、能源和制造业稳定；展望1997年经济将继续温和增长，劳动力市场持续紧张，农业有望改善。
The Tenth District economy grew at a moderate pace during 1996. The district economy expanded vigorously in early 1996 but slowed as the year progressed. Tight labor markets in many parts of the region appeared to limit job growth, particularly in the large trade and services sectors. A slumping cattle industry also curbed overall growth in parts of the district. Nonetheless, construction continued to post healthy gains, energy activity improved somewhat, and manufacturing across the region remained stable.> Smith reviews the district's economic performance in 1996 and explores the outlook for 1997. In the year ahead, the district economy will probably continue to grow moderately, about equal to the 1996 pace. Tight labor markets will continue to constrain growth in many parts of the district. District manufacturing will likely remain stable, while trade and services continue to expand at a more sustainable, moderate pace than in previous years. Construction activity may moderate, but the farm economy is expected to improve somewhat, reflecting relatively strong prices and an improving outlook for the cattle industry.