This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. ------ =_NextPart_000_01BDE7BF.BDEF5810 BLS DAILY REPORT, WEDNESDAY, SEPTEMBER 23, 1998 RELEASED TODAY: The median number of years that wage and salary workers had been with their current employer (referred to as employee tenure) was 3.6 years in February 1998, edging down from 3.8 years in February 1996. Among men, median employee tenure decreased for most age groups, as it did in 1996. Among women, overall tenure changed little from 1996 to 1998. ... The number of employed youth increased by 2.5 million from April to July 1998, slightly less than in the summer of 1997, BLS reports. In the summer of 1998, the number of unemployed youth aged 16 to 24 grew by 702,000 between the spring and summer. BLS does not adjust this data for seasonal variations, because the focus of its analysis is the seasonal changes in youth employment. ... (Daily Labor Report, page D-1). One in five California grape growers and one in two farm labor contractors failed to pay workers the federal minimum wage, the Department of Labor found in an investigation of 66 growers and 23 contractors. But DOL Wage and Hour Division investigators found much higher compliance levels for child labor and federal health and safety laws in the representative sample of 8,000 growers in 23 counties. ... (Daily Labor Report, page A-8). Federal Reserve policymakers voiced growing concern Tuesday about slowing economic growth in a sign they're at least willing to entertain the notion of an interest rate cut when they meet next week. The balance of risk has shifted from one of concern about inflation to one of concern about inadequate growth, New York Federal Reserve Bank President William J. McDonough said. The anecdotal evidence regarding investment plans, regarding reductions in the labor force (layoffs), and the beginnings of a reduction in consumer confidence all add up. Experts say, however, that the decision on whether to cut interest rates next week rests with Federal Reserve Chairman Alan Greenspan. Greenspan is slated to present his latest views on the U.S. and world economies to the Senate Budget Committee today. ... (New York Times, page C7; Washington Post, page A1). Overloaded staffers are starting to take more time off work. ... For years, workers have been pressing for more flexibility. Employers have responded with new policies, but slowly. Now, it appears, employees are simply taking the time off when they need it, whether or not their employers formally sanction it. Unscheduled absences rose 25 percent in the past year to seven-year highs, says CCH Inc., a Riverwoods, Ill., human-resource information concern, in a 401-company survey set for release today. The increase is concentrated among the small- and medium-size companies that employ about 70 percent of all payroll workers. ... For the first time since the annual CCH survey began in 1991, "family issues" were cited as the No. 1 cause of unexpected absences, accounting for 26 percent, compared with 22 percent for personal illness. Personal need, "entitlement mentality," and stress together accounted for 52 percent. ... 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[PEN-L:205] BLS Daily Report
Richardson_D Thu, 24 Sep 1998 09:39:16 -0400boundary="---- =_NextPart_000_01BDE7BF.BDEF5810"