BLS DAILY REPORT, WEDNESDAY, JUNE 4, 1997
"New data on muliple jobholding available from the CPS" by John F.
Stinson, Jr., an economist in the Office of Employment and
Unemployment Statistics of BLS, is reprinted in the Daily Labor Report
(page E-37). In the opening story (page A-5), the Daily Labor Report
points out that, after years of lagging behind men as mutiple job
holders, in 1996 women and men had virtually the same rate of
moonlighting, according to the article in the March 1997 Monthly Labor
Review. The article finds that, according to the BLS monthly survey
of 50,000 households, 7.8 million or 6.2 percent of all those
employed, held more than one job. Although men still outnumbered
women in the number of multiple jobholders, the rate for women was 6.2
percent, compared with 6.1 percent for men ....
__A key indicator of future economic activity declined in April for
the first time since January 1996, the Conference Board said. The 0.1
percent drop in the index of leading economic indicators, to 103.5,
fell short of economists' expectations for a 0.2 percent gain
....(Daily Labor Report, page D-1; Washington Post, page C13).
__The New York Times (page D2) says that the most widely followed
index for predicting the economy declined, as 6 of 10 components moved
lower ....
__The page A1 chart of The Wall Street Journal is of leading
indicators, 1994 to the present.
Don't let politics do a number on the Census, is the headline on page
2A of USA Today. Walter Shapiro begins by saying that, in truth,
statisticians estimate that 4 million Americans, many of them
minorities, never were counted in the last Census. The simple, yet
baffling arithmatic issue -- how to count the population -- is headed
for the floor of Congress this week ....Martha Riche, Director of the
Bureau of the Census, cites a study by the National Academy of
Sciences that advocated sampling to correct the persistent undercount
in the Census ....
Bond prices rose on hopes that Friday's employment report will
demonstrate a continuing slowdown in the economy, allowing the Fed to
refrain from a near-term increase in interest rates ....("Credit
Markets" column of The Wall Street Journal, page C20).
