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BLS DAILY REPORT, MONDAY, NOVEMBER 24, 1997
The demand for workers is likely to remain strong during the first
quarter of 1998, according to Manpower Inc. The firm says the forecast
is the strongest for a first quarter since its survey began in 1976.
The Milwaukee-based international temporary help company found that 24
percent of the 16,000 businesses that were surveyed said they plan to
hire additional workers during the January-to-March period next year.
Only 10 percent plan cutbacks in staff, and 62 percent expect no change
in the size of their payrolls ....(Daily Labor Report, page A-1). BLS
data is cited for comparison.
Continued robust growth in high technology industries and in aerospace
will continue this economic expansion beyond 2000, making it the =
longest
in post war history, says a comprehensive trade and industry report by
the Commerce Department and McGraw Hill. The report, "U.S. Industry &
Trade Outlook '98," predicts that exceptionally strong growth in
information technologies will continue, with this high technology =
sector
being a catalyst for continued job growth. The senior economist at
DRI/McGraw Hill says the unemployment rate has fallen too low to be
sustainable, but he does not expect a large increase in joblessness.
High-tech industries, however, should continue to see fast job growth,
the report says .... "Computerworld"'s 1996 annual salary survey
indicates that salary increases in the information services area
(professional computer services) are well ahead of those in other
professions ....(Daily Labor Report, page D-1).
The vast majority of professionals working part time are women with
children, according to a survey of 2,000 employees. The survey, A New
Approach to Flexibility: Managing the Work/Time Equation, examined the
effects of part-time work in a large pharmaceutical company, a large
technology company, a leading law firm, and a leading consulting firm.
It found that 82 percent of employees working part time were women, of
whom 89 percent have children and 74 percent have children under 18
.....(Daily Labor Report, page A-11). =20
The share of total U.S. output that comes from the manufacturing sector
has grown over the last five years, as the contribution of labor to =
that
production has declined, according to an analysis published by the
Commerce Department's Bureau of Economic Analysis. Across the whole
U.S. economy, the labor share (employee compensation) decreased
slightly, from 58.4 percent in 1992 to 58.0 percent in 1996 ....(Daily
Labor Report, page D-5).
Money managers are shifting their focus to women, says The Wall Street
Journal (page B14A) ....The Journal article cites Labor Department =
data,
saying that 47 percent of Americans with assets of $500,000 or more are
women ....The 60 million working women currently account for 46 percent
of the U.S. labor force, and they are expected to comprise 48 percent =
of
a bigger work force by the year 2000. Women accounted for 60 percent =
of
the growth in the U.S. work force from 1984 to 1994 ....U.S. figures
show they are getting better jobs. Women hold 48 percent of U.S.
professional jobs now, up from 42 percent in 1984 .... =20
Under welfare reform, recipients must move off the rolls and into jobs
within two years. As welfare-to-work deadlines approach this year and
next, many big cities say they won't have enough low-skill jobs to meet
the demand. Estimated shortfalls for some of the major cities are
listed in USA Today (page 3A), the result of a survey of 34 cities by
the U.S. Conference of Mayors who reported that out of 13 able to =
supply
job market data, 12 won't have enough low-skilled jobs to meet the =
law's
work requirements. The survey estimated a total shortfall of more than
194,000 jobs in nine of the cities in 1997 and 1998, when Federal
welfare-to work deadlines begin expiring. These are Boston, Detroit,
Knoxville, Tenn., Little Rock, New Orleans, Philadelphia, Seattle, St.
Paul, Minn., and St. Louis. Officials in Baltimore, East Orange, N.J.,
and Rockford, Ill, also predicted an inadequate number of jobs.
However, they declined to release data. Officials in only one city
reported they expect to have enough jobs for recipients moving off the
rolls. That was Alexandria, Va., where the economy is humming
=20
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