[PEN-L:392] BLS Daily Report

[Richardson_D]

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BLS DAILY REPORT, TUESDAY, JUNE 2, 1998

Manufacturing growth slowed more than expected in May, with Asia's
financial and economic woes taking a toll on U.S. exports and imports,
the National Association of Purchasing Management reports....  (Daily
Labor Report, page A-1)_____Economic growth is continuing at a strong
pace, though financial problems in Asia are trimming exports of American
goods to the region.  The industrial sector is still growing strongly
while keeping inflation in check....  (Washington Post, page
C1)_____U.S. manufacturing grew at its most sluggish pace in about 19
months as exports' expansion slowed....  (Wall Street Journal, page A2).


Construction spending rose in April for the fifth consecutive month,
propelled by the largest increase in commercial projects since last
summer, the Commerce Department said....  (Washington Post, page C1).

The NAPM's index declined to 51.4 last month from 52.9 in April as
exports faltered and cheap imports pressured factory profits.  In
another report, construction spending rose 0.8 percent in April....
(New York Times, page D2).

Despite Asia's woes, the U.S. economy thrives on domestic strength.
Consumers and business outlays keep things perking; the stock market
helps out.  But the clouds linger on....  (Wall Street Journal, page
A1).

Social workers face threat of death in the line of duty....  The Labor
Department counts nine social workers murdered in 1996, up from four in
1994....  (Wall Street Journal, "Work Week," page A1).

Over two-thirds of small-business workers aren't covered by a retirement
plan, mostly because companies' revenues are uncertain or employees
prefer high wages or other benefits.  So said about 50 percent of
employers in a survey of 601 firms for the Employee Benefit Research
Institute (Wall Street Journal, "Work Week," page A1).

DUE OUT TOMORROW: Metropolitan Area Employment and Unemployment: April
1998


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