[PEN-L:51] BLS Daily Report

[Richardson_D]

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BLS DAILY REPORT, TUESDAY,. JUNE 23, 1998:

Employment prospects for the world's industrialized economies remain
relatively favorable for the 1998-99 period, according to "Employment
Outlook 1998"  released by the OECD.  Overall unemployment in the
29-member group is expected to drop to about 7 percent in the coming
year, the report predicted.  It reports the largest rises in
unemployment in Japan and Korea, where economic growth prospects are
severely stunted by the ongoing financial crisis gripping Asia (Daily
Labor Report, page A-8).

The median starting salary for a new University of Chicago MBA is
$120,000, up 8.5 percent from a year ago, the school says.  A third of
this year's graduates went into management consulting, while 40 percent
chose financial services ("Work Life" column of The Wall Street Journal,
page 1).

Kenneth Prewitt, head of the Social Science Research Council in New
York, is the White House choice to head the U.S. Census Bureau Commerce
Secretary William Daley is expected to announce today.  Prewitt, 62, a
Democrat and a Washington outsider who faces contentious confirmation
hearings in the Republican controlled Senate because he supports the use
of statistical sampling in the 2000 census.  Sampling, almost
unanimously opposed by the GOP, is a complex way of estimating people
who are missed in the traditional head count.  Prewitt would replace
Martha Farnsworth Riche, who resigned in  January (USA Today, page 6A).

More than 122,000 GM workers are off the job due to the strikes at Flint
Metal Center, where 3,400 workers walked out June 5, and Delphi East
parts complex, struck by 5,800 workers June 11.  UAW leaders, opening
their triennial convention in Las Vegas Monday, say workers will not
abandon their drive to keep GM from shrinking at home while it expands
overseas (USA Today, page 3B). 


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