[PEN-L:250] BLS Daily Report

[Richardson_D]

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BLS DAILY REPORT, TUESDAY, MAY 26, 1998

Unemployment rates fell in April in all four regions of the U.S., with
the most sharpest drops in the Midwest and Northeast.  Declines were
recorded in 35 states and the District of Columbia.  The national
jobless rate dropped from 4.7 percent in March to 4.3 percent in April.
Nonfarm payroll employment increased in 37 states....  (Daily Labor
Report, May 26, page D-1).  

The number of families in which the husband and wife are employed
continued to grow in 1997, as did the number of mothers in the
workforce, BLS reports....  (Daily Labor Report, May 22, page D-3).

Initial claims for unemployment insurance benefits filed with state
agencies rose by 8,000 to a seasonally adjusted rate of 313,000 for the
week ended May 16, the Employment and Training Administration
announces....  (Daily Labor Report, May 22, page D-1)_____The number of
people filing for state unemployment benefits rose in line with
expectations....  (New York Times, May 22, page C2)_____Initial claims
remain low despite 8,000 rise....  (Wall Street Journal, May 22, page
A2).

Led by the construction industry, the third quarter of 1998 will be the
busiest worker recruiting period in the last 20 years, a Manpower Inc.
survey projects.  Of the 15,600 businesses surveyed by the temporary
help agency, 32 percent said they intended to increase hiring in July,
August, and September, 5 percent will cut staff, and 59 percent will
maintain the current size of their workforce....  The demand for workers
in the third quarter will be uniform throughout the nation....  (Daily
Labor Report, May 26, page A-3)_____U.S. businesses are expected to
continue their high levels of hiring this summer, according to
Manpower....  Among firms surveyed a year ago, 30 percent of firms
anticipated summertime increases, and 5 percent planned for decreases.
Those were also the figures for the spring months of 1998....  With so
few people out of work and looking for jobs, companies are having to
employ increasingly creative techniques to attract and retain qualified
workers.  At the same time, the survey results provide little support
for forecasters and policymakers who are predicting that economic growth
will slow in coming months....  (Washington Post, May 26, page
D11)_____Think the labor market is tight now?  Wait until next quarter.
Nearly a third of U.S. businesses intend to increase staffing in the
third quarter....  Manpower says the results are the strongest hiring
intentions for any third quarter since 1978.  The staffing giant adds
that service industries are posting the largest hiring gains, as
employees in hotels and restaurants hop to better-paying jobs, leaving
those employers with positions to fill....  Employers in Midwestern
states face the tightest labor markets, but those in Western states are
hiring at the fastest rate (Wall Street Journal, "Work Week," May 26,
page A1).   


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