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BLS DAILY REPORT, THURSDAY, FEBRUARY 5, 1998
State unemployment rates moved little during December, as 44 states and
Washington, D.C., recorded changes of 0.3 percentage point or less from
the previous month, BLS reports =85.(Daily Labor Report, page D-1).=20
Federal Reserve's policy-setting Open Market Committee, bowing to still
low inflation rates at home and continued uncertainty in Asian markets,
votes to hold current interest rate targets intact =85.(Daily Labor
Report, page A-7; Washington Post, page E2; New York Times, page D1;
Wall Street Journal, page A2).
Lowering day-care costs through tax credits and government subsidies =
may
not encourage parents to buy better day care, according to "Trendlines"
in the Washington Post. A new study shows that, in regions where
day-care prices are relatively low, parents buy more hours of day care
but don't take the opportunity to trade up to higher-quality care, as
measured by three common criteria =85.The new study is by researchers
David Blau of the University of North Carolina and Alison Hagy at the
Census Bureau and is published in the Journal of Political Economy =85.
DUE OUT TOMORROW: The Employment Situation: January 1998
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