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_01BCE517.A33BE030
charset="iso-8859-1"
BLS DAILY REPORT, WEDNESDAY, OCTOBER 29, 1997
RELEASED TODAY: State unemployment rates continued to show little
change in September, as 45 states and the District of Columbia recorded
over-the-month shifts of 0.3 percentage point or less. The national
jobless rate of 4.9 percent was unchanged over the month. Nonfarm
payroll employment increased in 42 states over the month ....
As wages continued their gradual ascent, private industry employers saw
their total compensation costs rise by 3.2 percent in the third quarter
compared with a year earlier, according to BLS. Compensation costs
climbed 0.8 percent between the second and third quarters, matching the
increase posted in the prior three quarters ....Wage inflation is so
gradual that even though the 3.6 percent rise in private industry wages
is the largest since the last quarter of 1991, it is not worrisome, says
an economist with the WEFA Group. It took five years for the wage
component of the employment cost index to accelerate from a low of 2.6
percent in the fourth quarter of 1992 to the current 3.6 percent
increase ....In looking at various industry and occupational groups, BLS
found a few instances of pay gains above 4 percent. For private
employers, compensation gains were 4.7 percent in service occupations
.....While the Sept. 1 increase in the federal minimum wage could be a
factor in the services occupation increase, it is not possible to sort
out the causes, BLS economist Wayne Shelly said. Also, the minimum wage
would only apply to a minority of workers in services jobs, he said
.....(Daily Labor Report, page D-1)
Consumer confidence falls 7 points in October as U.S. households turn
more pessimistic about current business conditions and their
expectations, the Conference Board says ....(Daily Labor Report, page
A-6).
An economic report indicated that workers' pay increases aren't getting
bigger despite tight labor markets and a national jobless rate under 5
percent. A second report found that even before the plunge in stock
prices, consumer confidence was dropping, which may weaken consumer
spending in coming months, analysts said ....(Washington Post, page A27;
Wall Street Journal, page A2).
Wall Street is providing fewer jobs but more money to New York, says the
New York Times (page A27) ...."The key contribution of Wall Street now
is the income and the earnings - that's a shift from what happened in
the 1980's," said John L Wieting, the New York Regional Commissioner for
BLS. "Then it was a major force in job growth"....
Personal income grew more than inflation in all 50 states in the second
quarter of 1997, with Arkansas reporting the largest gain, the Commerce
Department reports ....(Daily Labor Report, page D-15).
DUE OUT TOMORROW: Average Annual Pay Levels in Metropolitan Areas, 1996
------ =_NextPart_000_01BCE517.A33BE030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------ =_NextPart_000_01BCE517.A33BE030--
