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BLS DAILY REPORT, MONDAY, MARCH 2, 1998
As it did nationally, the unemployment rate in about three-quarters of
the states and all four regions fell in 1997, BLS reports =85.(Daily =
Labor
Report, page D-3).
__An upswing in inventory building and still-strong trade held =
economic
activity aloft during the fourth quarter, with growth advancing a
stronger-than-expected 3.9 percent, the Commerce Department reports
.....(Daily Labor Report, page D-5).
__The U.S. economy wasn't as strong in the final three months of last
year as it originally appeared, and growth likely is slowing this
quarter, analysts said after the Commerce Department revised some of =
its
fourth-quarter numbers. Commerce said the economy grew at a 3.9 =
percent
pace in the October-December period instead of the 4.3 percent rate
previously estimated. It said that more than a third of the gain was
accounted for by a buildup in unsold goods at the nation's businesses,
which some analysts said suggested that growth would slow. At 3.9
percent, the fourth-quarter rate was still larger than those of the
second and third quarters of last year, both of which were slightly =
more
than 3 percent ....(Washington Post, Feb. 28, page H1). =20
__The economy grew at a slower pace in the fourth quarter than first
estimated but still posted its best annual growth in nearly a decade,
while inflation remained tame. Analysts said that since imports rose
faster and exports grew more slowly in the quarter than previously
thought, the revision contained hints that Asia's problems were slowing
United States growth ....(New York Times, Feb. 28, page B3). =20
__The Commerce Department's downward revision for fourth-quarter growth
of gross domestic product still shows that the economy ended 1997 with
tremendous strength ....(Wall Street Journal, page A4).
The U.S. economy had so much momentum in 1997 that the fallout from =
the
Asian crisis has not yet been felt and probably will not be evident
until the second half of the year, several economists predict. Some
analysts say it may not be that bad ....Lower interest rates are part =
of
the "silver lining" of the Asian crisis because foreign money has =
poured
into U.S. Treasury securities, bringing with that lower yields, and
because expectations about inflation remain optimistic ....(Daily Labor
Report, page D-1).
Women are more likely than men to start a business because they have a
good idea they want to exploit, according to a new survey. The study,
funded by the international securities firm Salomon Smith Barney, =
sought
to find out why the number of women-owned businesses increased at =
twice
the rate of male-owned companies from 1987 to 1992. The U.S. has 8
million women-owned businesses, about 36 percent of all businesses. =
The
survey of 800 men and women who own businesses was done by the National
Foundation for Women Business Owners, Catalyst, and the Committee of
200, three prominent women's organizations. An entrepreneurial idea =
was
the No. 1 reason each gender gave for starting a business: 44 percent
for women, 36 percent for men ....(Washington Post, March 1, page H6).
Calculating the costs of relocating: Workers considering a job-related
move are advised to carefully weigh a new city's living expenses and
lifestyle differences, says a Washington Post article (March 1, page =
H6)
.....As the business marketplace becomes increasingly global and U.S.
companies scramble to fill a demand for skilled workers that exceeds
their supply, workers are hopping from town to town as never before,
workplace experts say. Although more people are moving to take new
jobs, relocation remains a difficult adjustment for many families,
suggests a recent survey by Runzheimer International, a Rochester,
Wis.-based management consulting firm. Runzheimer based its survey on
the living costs for a family of four with a $60,000 annual income, and
it found that the average annual cost for its model family far exceeded
$60,000 in many cities. At the top of the list is San Jose, with an
average annual cost of more than $80,000. Washington ranked sixth, =
with
an annual cost of slightly more than $70,000. Runzheimer based its
price tags on the same factors that workers should consider, the =
company
said. In addition to the cost of a mortgage on a 2,200-square-foot
home, the company figured in the costs of two cars, taxes, a number of
goods and services, and a small amount for investments ....=20
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