BLS DAILY REPORT, THURSDAY, SEPTEMBER 25, 1997 Long-lived economic expansion is unlikely to end soon, thanks to investment-led productivity growth and a healthy financial sector that should be able to absorb unexpected shocks, says Janet Yellen, who chairs the Council of Economic Advisers ....(Daily Labor Report, page A-3). "Trendlines" in the Washington Post (page E1) says that, as a share of corporate income, profits and net interest paid have reached their highest level since 1969, leading some to complain that workers aren't getting their fair share. But profits tend to go up and down with the business cycle, and the current level isn't much higher than similar cyclical peaks in the 1970s and 1980s for domestic nonfinancial firms .... Wage data compiled by BNA in the first 38 weeks of 1997 show that the all-industries median first-year wage increase is 3 percent or 44.7 cents an hour ....(Daily Labor Report, page D-1).
