BLS DAILY REPORT, WEDNESDAY, JULY 9, 1997
An interagency committee recommends to OMB that it reject proposals to
add a multiracial category to the federal government's race and ethnic
categories, according to the report scheduled to be published in the
Federal Register. Rather than offer a mu
H Eric --
1) I believe that what you suggest is the way it is normally done --
all prices are expressed with respect to the 82-84 base.
2) There have been several estimates made of the effect of upper
level substitution. First came Braithwait, Steven D. "The
Substitution Bias of the Laspey
DAILY REPORT, FRIDAY, JUNE 13, 1997
RELEASED TODAY: The Producer Price Index for Finished Goods fell 0.3
percent in May, seasonally adjusted. This was the fifth consecutive
monthly decline Prices received by domestic producers of
intermediate goods moved down 0.2 percent in May after dec
Hi Eric --
This is an interesting question. Bottom line: both of your procedures
are right and both are wrong.
The procedure which uses year 1 as a base is an application of the
Laspeyres index while the one that uses year 3 uses the Paasche index.
Implicit in both of these procedures is the
BLS DAILY REPORT, THURSDAY, JUNE 12, 1997
RELEASED TODAY: Half of all workers afflicted with carpal tunnel
syndrome missed 30 days or more of work, according to BLS report on
the characteristics of lost-worktime injuries. Work-related hernias,
amputations (usually involving the finger), and
BLS DAILY REPORT, WEDNESDAY, JUNE 11, 1997
RELEASED TODAY: In March 1997, there were 697 mass layoff actions by
employers as measured by new filings for unemployment insurance
benefits during the month. Each action involved at least 50 persons
from a single establishment, and the number of w
See esp. item 4, How many hours in a work week?
> --
>
> BLS DAILY REPORT, TUESDAY, JUNE 10, 1997
>
> Many of the assumptions made by the Advisory Commission to Study the
> CPI are flawed, BLS says in a point-by-point report submitted to the
> Joint Economic Committee. It is the agency
BLS DAILY REPORT, MONDAY, JUNE 6, 1997
__The nation's unemployment rate dropped in May to the lowest level in
more than 23 years, adding to a rosy portrait of the U.S. economy that
sent stock prices soaring to new records The report left unclear
whether economic growth is slowing The n
BLS DAILY REPORT, FRIDAY, JUNE 6, 1997:
RELEASED TODAY: Nonfarm payroll employment rose in May, and
unemployment was about unchanged after falling in April. The number
of payroll jobs rose by 138,000 in May, following an increase of
323,000 in April (as revised). The May gain was below the
BLS DAILY REPORT, THURSDAY, JUNE 5, 1997:
There's a continuing debate over whether the rise in global
competition has been good or bad for the average American worker's
wages, but there is little disagreement among economists that it has
been an important force in keeping U.S. inflation low.
Interesting that you should post this. As of today all of my pension
funds are out of the market. The reason -- the really memorable market
crashes have occurred in October. Why? No one knows. My own opinion is
that the market requires optimism to maintain prices, and with the fall
comes the S
BLS DAILY REPORT, MONDAY AND TUESDAY, SEPTEMBER 29 AND 30, 1997
RELEASED ON TUESDAY: Most state unemployment rates showed little change
in August, as 43 states recorded shifts of 0.3 percentage point or less
from July. The national jobless rate, 4.9 percent, was little changed
over the month.
News note: You may have noted that when the Senate passed Fast-Track in
committee, only Sen. Kent Conrad (D-ND) was opposed. As it turns out
there were several others who would have voted no save for a
simultaneous vote on the Senate floor. Nonetheless, the Senate is more
and more a millionaires
BLS DAILY REPORT, THURSDAY, SEPTEMBER 2, 1997
Growth in the manufacturing sector continues in September, but at a
slower pace, reflecting slower expansion of production and new orders,
the National Association of Purchasing Management reports (Daily
Labor Report, page A-11)_The manufactur
BLS DAILY REPORT, MONDAY, DECEMBER 29, 1997:
New claims filed with state agencies for unemployment insurance benefits
fell by 13,000 to a seasonally adjusted 307,000 in the week ending
December 20, the Labor Department's Employment and Training
Administration reports (Daily Labor Report, page D-7
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BLS DAILY REPORT, THURSDAY, NOVEMBER 20, 1997
A jump in the cost of imported oil pushed u
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BLS DAILY REPORT, FRIDAY, NOVEMBER 21, 1997
Initial claims for unemployment insurance bene
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BLS DAILY REPORT, FRIDAY, NOVEMBER 28, 1997:
The United States economy grew at a 3.3 perc
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BLS DAILY REPORT, TUESDAY, DECEMBER 2, 1997
RELEASED TODAY: The proportion of U.S. worker
> BLS DAILY REPORT, FRIDAY, DECEMBER 5, 1997:
>
> RELEASED TODAY:
>EMPLOYMENT SITUATION -- Employment rose sharply in November, and
> the unemployment rate was little changed at 4.6 percent. Nonfarm
> payroll employment increased by 404,000 with gains widespread
> throughout the private sect
BLS DAILY REPORT, WEDNESDAY, DECEMBER 10, 1997:
The country's purchasing executives are optimistic about the economy for
1998, with expectations of higher revenues compared with 1997 and record
bullishness on manufacturing employment for the coming year, the
National Association of Purchasing Man
BLS DAILY REPORT, WEDNESDAY, DECEMBER 11, 1997:
Today's News Release: "U.S. Import and Export Price Indexes - November
1997" indicates that the U.S. Import Price Index fell 0.3 percent in
November. The decrease was attributable to a turnaround in petroleum
prices, as well as the continuing decl
BLS DAILY REPORT, FRIDAY, DECEMBER 12, 1997
RELEASED TODAY: The Producer price Index for Finished Goods decreased
0.2 percent in November, seasonally adjusted. This followed a rise of
0.1 percent in October. The index for crude materials rose 1.6 percent
after advancing 4.0 percent in October.
Item 5, low UP and low inflation. I have been wondering if the real
reason for this is international trade and the open economy. Prices
can't rise because of imports and wages can't rise because the plant
will move.
Dave
--
From: Hoyle_K
Sent: Thursday, December 18, 1997 5:28 PM
To
BLS DAILY REPORT, MONDAY, DECEMBER 22, 1997:
Four years after the North American Free Trade Agreement opened borders
for freer movement of capital, reshaping the continent's industrial
landscape, labor is belatedly forging its own cross-border alliances.
And the new ties are changing the way unio
BLS DAILY REPORT, WEDNESDAY, DECEMBER 24, 1997:
New orders for manufactured durable goods jumped 4.8 percent to $195
billion in November, with heightened demand for transportation equipment
leading the advance, the Commerce Department reports. When
transportation equipment is removed from the ca
BLS DAILY REPORT, TUESDAY, DECEMBER 23, 1997
Revisiting their own controversial research, a pair of prominent
economists concluded that better data support their original assertion:
Raising the minimum wage moderately doesn't cost jobs. In the new work,
David Card of the University of California
BLS DAILY REPORT, FRIDAY, DECEMBER 19, 1997
A new comprehensive set of wage data released by BLS shows average
hourly pay for more than 760 occupations across United States
industries. This first report is based on BLS' redesigned Occupational
Employment Survey, which for many years has been the
Here is your bonus!!
Click on the rectangle.
Dave
application/ms-tnef
It is thought that only 25 basis points have been shaved off the index
thus far. Another 20 or so points will be temporarily shaved off by the
9801 revision, and another 25 in 9901 by the move to Geomeans.
It is not so surprising that wages should begin to rise at this point
with UP at recent re
BLS DAILY REPORT, WEDNESDAY,. DECEMBER 17, 1997
RELEASED TODAY: A total of 6.2 million injuries and illnesses were
reported in private industry workplaces during 1996, resulting in a rate
of 7.4 cases per 100 equivalent full-time workers, according to a survey
by BLS. Employers reported a 5 per
BLS DAILY REPORT, TUESDAY, DECEMBER 16, 1997
RELEASED TODAY:
CPI - On a seasonally adjusted basis, the CPI-U rose 0.1 percent in
November, following increases of 0.2 percent in each of the preceding
four months. The food index increased 0.2 percent in November The
energy index, which incr
BLS DAILY REPORT, MONDAY, DECEMBER 15, 1997
The PPI for finished goods fell 0.2 percent, seasonally adjusted, in
November, as energy costs declined. The core PPI rate edged down 0.1
percent in November. For the year to date, finished goods prices fell
at a seasonally adjusted annual rate o
BLS DAILY REPORT, TUESDAY, DECEMBER 9, 1997
Labor relations officials participating in the Bureau of National
Affairs' annual survey of employer bargaining objectives express
confidence that they will achieve their goals in contract talks with
union representative in 1998. The survey's findings
BLS DAILY REPORT, MONDAY, DECEMBER 8, 1997:
The economy added 404,000 nonfarm payroll jobs, seasonally adjusted, and
the unemployment rate dipped to 4.6 percent in November. Analysts say
the stronger-than expected employment report indicates the economy is
not slowing as expected. The unemploym
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> BLS DAILY REPORT, THURSDAY, DECEMBER 4, 1997
>=20
> RELEASED TODAY: The revised seasonal
=20
> Even if the scheme works in the short-run there are a number of
> important
> questions:
>=20
> --Is it legal?
> --Could it just cover up chronic economic deficiencies that will
> appear later?
> --And, notes Crudelle, "If Wall Street believes Washington did come =
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BLS DAILY REPORT, MONDAY, NOVEMBER 24, 1997
The demand for workers is likely to remain str
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BLS DAILY REPORT, WEDNESDAY, NOVEMBER 26, 1997:
Consumer confidence increased in November,
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BLS DAILY REPORT, TUESDAY, NOVEMBER 25, 1997
While the U.S. economy is likely to keep its
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BLS DAILY REPORT, WEDNESDAY, NOVEMBER 19, 1997
RELEASED TODAY: Led by increasing petroleu
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BLS DAILY REPORT, TUESDAY, NOVEMBER 18, 1997
RELEASED TODAY:
CPI - On a seasonally adju
BLS DAILY REPORT, THURSDAY, OCTOBER 30, 1997
RELEASED TODAY: Average annual pay of employees within the nation's 313
metropolitan areas increased by 4.0 percent from 1995 to 1996. The 4.0
percent increase from 1995 to 1996 was the largest over-the-year gain
since 1992. Average annual pay in me
Comment on Terry McDonough (see below)
Terry is into the right area here, but his note is all too negative and
defeatist. On crime, why not just propose legalizing drugs. This is a
solution that will work, is clearly justified in a cost/benefit sense, and
will result in some immediate impro
BLS DAILY REPORT, WEDNESDAY, FEBRUARY 14, 1996
Reassuring analysts about wage pressures, total compensation costs -- wages
and benefits combined -- paid by private employers rose a modest 2.8 percent
over the year ended in December 1995, BLS reports. It was the smallest
annual increase since
If you were thinking that Clinton is a shoe-in, think again. The economy,
not Whitewater, is his Achilles heel.
Dave Richardson
--
BLS DAILY REPORT, FRIDAY, FEBRUARY 16, 1996
RELEASED TODAY: Major collective bargaining settlements reached in private
industry during the fourth quart
BLS DAILY REPORT, WEDNESDAY, FEBRUARY 21, 1996
RELEASED TODAY: In 1995, the number of work stoppages was at the lowest
level recorded in the 49-year old series. Most of the other measures of
strike activity also were at relatively low levels in 1995
Major collective bargaining agreement
I suppose everyone is sort of chortling, as I am, about the Republican
implosion. I have a friend who baits right wingers with the line "You have
to like Buchanan--all of the other candidates consider him a socialist."
However (see below) the budget battles have already done real harm.
Dave
BLS DAILY REPORT, MONDAY, JANUARY 31, 2000
RELEASED TODAY: The total number of persons who worked at some point during
the year increased by about 1.6 million in 1998 to 144.8 million, according
to the annual survey of work experience. The number who experienced some
unemployment continued to d
BLS DAILY REPORT, TUESDAY, FEBRUARY 1, 2000
RELEASED TODAY: In November 1999, there were 1,336 mass layoff actions by
employers as measured by new filings for unemployment insurance benefits
during the month. Each action involved at least 50 persons from a single
establishment, and the number of
BLS DAILY REPORT, WEDNESDAY, FEBRUARY 2, 2000
RELEASED TODAY: In December, 206 metropolitan areas reported unemployment
rates below the U.S. average (3.7 percent, not seasonally adjusted), while
114 areas registered higher rates. Thirty-two metropolitan areas had rates
below 2.0 percent, with 1
BLS DAILY REPORT, FRIDAY, FEBRUARY 4, 2000
RELEASED TODAY: Employment rose in January, and the unemployment rate was
essentially unchanged at 4.0 percent. Nonfarm payroll employment increased
by 387,000. There were sharp increases in construction and in other
weather-sensitive industries, due,
BLS DAILY REPORT, THURSDAY, FEBRUARY 3, 2000
The number of workers whose job loss the Labor Department classified as
trade-related in fiscal year 1999 jumped considerably compared with fiscal
year 1998, according to new statistics tracking applications for benefits
under the Trade Adjustment Assi
BLS DAILY REPORT, MONDAY, FEBRUARY 7, 2000
RELEASED TODAY: The Occupational Outlook Handbook has been the federal
government's premier career guidance publication for more than 50 years.
The Handbook provides comprehensive, up-to-date, and reliable labor market
information that has helped million
BLS DAILY REPORT, THURSDAY, FEBRUARY 10, 2000
Wage data compiled by BNA in the first six weeks of 2000 for all settlements
showed that the weighted average first-year wage increase in newly
negotiated contracts was 3.9 percent, compared with 2.2 percent in 1999.
The median first-year increase for
> BLS DAILY REPORT, WEDNESDAY, FEBRUARY 9, 2000
>
> The productivity of U.S. private nonfarm workers grew at a 5 percent pace
> in the fourth quarter of 1999, contributing to the largest annual increase
> in seven years, according to preliminary data released by BLS. Gains in
> fourth-quarter pro
BLS DAILY REPORT, WEDNESDAY, APRIL 3, 1996
The index of leading economic indicators rose 1.3 percent in February, its
largest increase in 20 years, the Conference Board reports. However, the
New York-based business research organization also said that much of the
increase could be attributed to
BLS DAILY REPORT, MONDAY, APRIL 8, 1996
Nonfarm payrolls added a larger-than-expected 140,000 jobs, seasonally
adjusted, in March and the unemployment rate stayed virtually steady, BLS
reports, prompting some analysts to pronounce the economy back on the track
of sustainable growth. The modera
BLS DAILY REPORT, TUESDAY, APRIL 9, l996:
A letter to the editor on the CPI "formula-bias" problem signed by
Commissioner of Labor Statistics Katherine G, Abraham is carried in today's
Wall Street Journal (page Al9). Says the letter: "Your April l article
about the BLS announcement of the step
BLS DAILY REPORT, THURSDAY, AUGUST 11, 1996
RELEASED TODAY: The Producer Price Index for Finished Goods advanced 0.5
percent in March, seasonally adjusted. This followed a 0.2 percent decline
in February and a rise of 0.3 percent in January. Prices received by
domestic producers of intermedi
BLS DAILY REPORT, FRIDAY, APRIL 12, 1996
RELEASED TODAY
CONSUMER PRICE INDEX -- On a seasonally adjusted basis, the CPI-U rose
0.4 percent in March, following increases of 0.4 and 0.2 percent in the
first two months of 1996. Each of the three groups -- food, energy, and all
items less fo
BLS DAILY REPORT, MONDAY, APRIL 15, 1996
_Sharply rising energy and food costs helped push up consumer prices a
seasonally adjusted 0.4 percent in March, BLS reports. Many analysts had
expected a smaller increase in the CPI. They also believed the core rate --
excluding volatile food and
BLS DAILY REPORT, TUESDAY, APRIL 16, 1996
"Downsizing results" is the subject of the page 1B graph in USA Today,
According to the legend, an increasing number of human resource directors
and vice presidents say their companies are understaffed to the point that
morale and business results have
BLS DAILY REPORT, WEDNESDAY, APRIL 17, 1996
RELEASED TODAY: As the national unemployment rate declined from 6.1 to 5.6
percent, 42 states also recorded lower annual average jobless rates in 1995
than in the prior year. Only three states and the District of Columbia had
higher rates, while jobl
BLS DAILY REPORT, THURSDAY, APRIL 18, 1996
Federal Reserve Board Governor Lawrence Lindsey said that he believes the
U.S. economy is in "reasonably good shape, given that it has just began the
sixth year of expansion, according to the Daily Labor Report (page A-17)
Lindsey told the national
The last item (on NAM) states that if the overestimation of the CPI is taken
into account, real wages are up since the 70's. Although I don't usually
tell publicize this, it is correct, and word seems to be getting out.
Nonetheless, assuming that they are right and that there has been a 15%
The figures on nominal wages refer to the "average worker" and hence are
more like wages for an "average" job than for any job in particular. You
seem to imply that there is a data series out there with wages for
particular jobs, weighted perhaps by number of workers. If so I would be
very
Sorry about the confusion. Everyone who works with the CPI, government,
academic, business, ..., is now convinced that the CPI has an upward bias of
perhaps 1%+ per year compared to a Konus (constant utility) index. There
has been a great deal of publicity about this here in DC and I, perhap
The CPI seems to be an issue on the list now. This note is in response to
the postings of Doug and Marianne (found below my response). Pls refer to
my previous posts to Eric and Michael for further information.
DISCLAIMER: What follows are my own thoughts and not those of BLS. I
personally
Yes, Doug Orr, the GNP (now GDP) consumption deflator (PC) from the Bureau
of Economic Analysis is the main competitor to the CPI. However, you should
be aware that all of BEA's basic information on prices comes from the CPI
and hence PC is subject to most of the biases noted for the CPI. Th
BLS DAILY REPORT, TUESDAY, APRIL 23, l996:
The Council of Economic Advisers will report today that more than two-thirds
of the new jobs created in the U.S. in l994 and l995 paid better than the
average job, Administration officials said (The New York Times, page Dl).
Despite waves of corporat
Ellen Frank and Jim Devine (below) are concerned about the reason that the
substitution bias is always positive. The answer is from the micro theory
textbook: as relative prices change people substitute toward the now less
expensive goods and away from the more expensive. A Laspeyres Index,
BLS DAILY REPORT, WEDNESDAY, APRIL 24, 1996
_Sharply higher petroleum prices boosted prices of goods imported into
the United States by 0.5 percent during March, while export prices edged
down 0.1 percent, BLS reports. It was the largest monthly rise in import
prices since May 1995, when o
At 8:02 on Apr 23 Doug Henwood wrote
<
Another point about the poverty line is that it has increased much less
rapidly than living costs. The poverty line is based on a family budget in
which food counts for a certain percentage, housing a certain percentage,
etc. To compute the budget food is priced and then the cost is multipli
This is a good point (below). Airline quality may well have deteriorated.
Certainly the food has. What has happened to accidents however? And how
about timeliness?
There may be a real opportunity for a contribution here, in terms of
documenting goods and services whose quality has decline
Thank you too. I find that my understanding of these issues has been
enhanced every time I have commented on one of these messages.
Dave Richardson
--
From: pen-l
Subject: [PEN-L:3956] RE: the CPI
Date: Thursday, April 25, 1996 11:06AM
I want to thank Dave for his willingness to keep
Eric, thank you for your interesting example (below). In the case you
mention people's real income has clearly gone up, unlike that which has
confronted most of us lately. How do we know this? The quantities, 10 of
each good, which were purchased in Year 1 could have been purchased for
$300
BLS DAILY REPORT, FRIDAY, FEBRUARY 25, 2000
RELEASED TODAY: Unemployment rates decreased in 35 states and the District
of Columbia from 1998 to 1999. All four regions and eight of the nine
geographic divisions also had rate declines. The national jobless rate
decreased from 4.5 percent to 4.2
application/ms-tnef
BLS DAILY REPORT, MONDAY, FEBRUARY 14, 2000
The Labor Department has finalized a rule establishing the process for
election of state representatives to participate in the development of the
annual employment statistics plan called for by the 1998 Workforce
Investment Act. The final rule stipulat
BLS DAILY REPORT, TUESDAY, FEBRUARY 15, 2000
Greenspan worries about inflationary implications of 4 percent national
unemployment. But he needn't sweat a wage spiral in Yuma, Ariz. The
state's fourth largest metropolitan area (pop. 134,000) retains the nation's
highest unemployment rate, due to
BLS DAILY REPORT, WEDNESDAY, FEBRUARY 16, 2000
RELEASED TODAY: The U.S. Import Price Index edged up 0.1 percent in
January. The increase--the seventh in a row--was attributable to the
ongoing upward movement in petroleum prices. In contrast, prices for
nonpetroleum imports dipped 0.1 percent i
BLS DAILY REPORT, THURSDAY, FEBRUARY 17, 2000
RELEASED TODAY: The Producer Price Index for Finished Goods showed no
change in January, seasonally adjusted. This followed a 0.1-percent
increase in December and a 0.2-percent increase in November. The index for
finished goods other than foods and
BLS DAILY REPORT, FRIDAY, FEBRUARY 18, 2000
RELEASED TODAY:
CPI -- On a seasonally adjusted basis, the CPI-U rose 0.2 percent in
January, the same as in each of the preceding three months. The food index
declined 0.1 percent in January after registering small increases throughout
most of 19
BLS DAILY REPORT, TUESDAY, FEBRUARY 22, 2000
__The consumer price index for all urban consumers (CPI-U) rose a seasonally
adjusted 0.2 percent in January, an identical increase to the preceding
three months, BLS reported. Energy costs continued to rise in January,
increasing 1 percent after a 1.
The NAFTA blurb, item 2, is surely wrong, but does anyone have a "good"
estimate of the number of jobs lost? Even better, is there an estimate of
the net, jobs created less jobs lost?
Dave Richardson
--
BLS DAILY REPORT, MONDAY, MARCH 4, 1996
"On the Battlefields of Business, Milli
BLS DAILY REPORT, FRIDAY, MARCH 8, 1996
RELEASED TODAY:
EMPLOYMENT SITUATION -- Nonfarm payroll employment increased by 705,000
in February, and the unemployment rate decreased to 5.5 percent. The jump
in payroll jobs follows a decline of 188,000 in January, which largely
reflected the
I work on the CPI, not in Employment/Unemployment Stats, but there is
something wrong with the 705,000 jobs--I sort of expect a revision next
month. NO, I cannot tell you what the CPI for Feb. will be--that's why we
quote outside sources.
Dave Richardson
--
BLS DAILY REPORT, MONDAY
What I get from the information below is that the number was right (OK,
perhaps there was a positive disturbance since it was so large) but that the
Wall Street interpretation was wrong.
Dave Richardson
--
BLS DAILY REPORT, TUESDAY, MARCH 12, 1996
USA Today on page 1B, "Economists
BLS DAILY REPORT, WEDNESDAY, MARCH 13, 1996
"Missing: 3.1 Million Jobs" is the lead editorial in the Wall Street
Journal, which revisits the "fateful payroll survey numbers that set off
Friday's 171-point rout" At issue is the payroll survey's seasonally
adjusted measure of new jobs created
Jim is certainly right here that a single month's numbers can never be
definitive with regard to movements of the national economy. When I myself
report on the CPI I make a point of giving two numbers as reflections of
inflation, one of the last month and the other of the last year.
I have s
BLS DAILY REPORT, WEDNESDAY, FEBRUARY 23, 2000
RELEASED TODAY: In December 1999, there were 1,509 mass layoff actions by
employers as measured by new filings for unemployment insurance benefits
during the month. Each action involved at least 50 persons from a single
establishment, and the numbe
BLS DAILY REPORT, TUESDAY, APRIL 30, 1996
RELEASED TODAY: On a seasonally adjusted basis, the Employment Cost Index
rose 0.7 percent in the December-March period, compared with 0.8 percent in
the September-December period. ECI wages and salaries rose 1.0 percent in
the December-March period, u
BLS DAILY REPORT, THURSDAY, MAY 2, 1996
Payrolls of nonfarm businesses expanded in 45 states during March, with
California showing the largest gain in sheer numbers of new jobs over the
last year, according to data released by BLS (Daily Labor Report, page
D-1).
The manufacturing sector g
The Uchitelle New York Times article (4th from the last) is intriguing in
terms of the big business viewpoint
Dave Richardson
---
BLS DAILY REPORT, FRIDAY, MAY 3, 1996
RELEASED TODAY:
EMPLOYMENT SITUATION -- Unemployment edged dow
BLS DAILY REPORT, MONDAY, MAY 6, 1996
_The unemployment rate dipped to 5.4 percent in April from 5.6 percent
in March, but, simultaneously, the economy appears to have put the brakes on
job creation, BLS reports. Although the economy created only 2,000 new jobs
in April, the unemploymen
I do not know of the argument that it was political, although of course it
could be. It has always been presented to me as a technocratic improvement.
The new system was put in place by the Bureau of Economic Analysis of the
Commerce Dept., so I will have to get the basic information from th
BLS DAILY REPORT, TUESDAY, MAY 7, 1996
"As Moonlighting Spreads, It Loses Its Blue-Collar Hue" was an article in
Sunday's New York Times (page F11) Moonlighters are becoming more
numerous as companies restructure and the job market becomes more
fragmented. According to BLS, some eight milli
Jim, I think you are right. As one who has to work in this area it is a
word of caution. At the least this is another reason that our variance
estimates are downward-biased. The real question is whether this is a
change in regime which invalidates the whole procedure.
Dave R.
--
F
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