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BLS DAILY REPORT, FRIDAY, JANUARY 16, 1998
RELEASED TODAY: In July through September of
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BLS DAILY REPORT, FRIDAY, JANUARY 23, 1998
RELEASED TODAY: In October 1997, there were
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BLS DAILY REPORT, MONDAY, JANUARY 26, 1998
In October, there were 1,362 mass layoff
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Hi Doug --
As far as I can see the Fed is controlling the market very closely these
days with 3-month treasuries. At
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Jay,
You are certainly right in the short term. As far as I can see, the
point is that the medium-long term situation
, 1998 6:15 PM
To: pen-l
Subject:Re: Bear Market? (Formerly Japan's MoF)
On Wed, 28 Jan 1998, Richardson_D wrote:
Thus we get to the question as to what to replace it [the U.S. dollar
as
world reserve currency] with. This is a
very hard question for the individual but also
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BLS DAILY REPORT, FRIDAY, JANUARY 30, 1998
RELEASED TODAY: The share of workers who were
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BLS DAILY REPORT, WEDNESDAY, FEBRUARY 4, 1998
=20
RELEASED TODAY: State unemployment
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BLS DAILY REPORT, THURSDAY, FEBRUARY 5, 1998
State unemployment rates moved little during
BLS DAILY REPORT, FRIDAY, FEBRUARY 20, 1998
RELEASED TODAY: In December 1997, there were 1,608 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 170,110
BLS DAILY REPORT, TUESDAY, FEBRUARY 17, 1998
__Sharply falling petroleum and nonpetroleum prices help lower the price
of imported goods by 1.3 percent in January, the largest monthly drop in
nearly a year, BLS reported. BLS also reported that import prices from
the Asian Newly Industrialized
BLS DAILY REPORT, WEDNESDAY, FEBRUARY 18, 1998
RELEASED TODAY: The Producer Price Index for Finished Goods declined
0.7 percent in January, seasonally adjusted. This decline was led by a
sharp drop for finished energy prices and followed decreases of 0.2
percent in both December and November.
I missed earlier message(s) on this thread. Sorry.
The Geomean is an expenditure weighted geometric average of the price
relatives. Any price index is expressed as a "typical" ratio of price
changes from the base month to, say, the current month.
Assume i=1,2,...,N goods with base prices Pib
BLS DAILY REPORT, TUESDAY, FEBRUARY 17, 1998
__Sharply falling petroleum and nonpetroleum prices help lower the price
of imported goods by 1.3 percent in January, the largest monthly drop in
nearly a year, BLS reported. BLS also reported that import prices from
the Asian Newly Industrialized
BLS DAILY REPORT, FRIDAY, FEBRUARY 13, 1998
The number of work stoppages dropped to an all-time low in 1997, but the
number of workers idled by stoppages increased from 1996, BLS reports.
BLS says 29 major work stoppages began during 1997, putting 339,000
employees out of work and resulting in
BLS DAILY REPORT, THURSDAY, FEBRUARY 12, 1998
RELEASED TODAY: The number of major work stoppages dropped to a record
low in 1997. Other measures of work stoppage activity were low by
historical standards, although the number of workers idled by stoppages
increased from a year ago
.
Wage gains
BLS DAILY REPORT, WEDNESDAY, FEBRUARY 11, 1998
__Productivity in the nation's nonfarm business sector grew by 2 percent
in the fourth quarter of 1997 and 1.7 percent for the year, BLS reports.
The productivity measure was based on output growth of 5.5 percent and
an increase of 3.5 percent in
BLS DAILY REPORT, MONDAY AND TUESDAY, FEBRUARY 9 AND 10, 1998
RELEASED TODAY: In the fourth quarter of 1997, productivity advanced
2.2 percent in the business sector as output grew 5.5 percent and hours
worked rose less - 3.2 percent (seasonally adjusted annual rates). In
the nonfarm business
BLS DAILY REPORT, FRIDAY, FEBRUARY 6, 1998
RELEASED TODAY: Employment rose substantially in January, and the
unemployment rate remained at 4.7 percent. Nonfarm payroll employment
grew by 358,000, with large gains occurring in construction and
manufacturing
.
New claims filed with
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BLS DAILY REPORT, TUESDAY, FEBRUARY 03, 1998
RELEASED TODAY: In November 1997, there were 1,095 mass layoff actions
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BLS DAILY REPORT, THURSDAY, JANUARY 29, 1998
New orders for manufactured durable goods
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More silly reading for the morning.
Subject: Zippergate
Q: Why was it difficult for
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BLS DAILY REPORT, WEDNESDAY, JANUARY 28, 1998
_Private industry wages accelerated in
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BLS DAILY REPORT, TUESDAY, JANUARY 27, 1998
RELEASED TODAY: On a seasonally adjusted
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BLS DAILY REPORT, THURSDAY, JANUARY 22, 1998
RELEASED TODAY: Median weekly earnings
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BLS DAILY REPORT, TUESDAY AND WEDNESDAY, JANUARY 20-21, 1998
The number of mass layoff
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BLS DAILY REPORT, WEDNESDAY, JANUARY 14, 1998
RELEASED TODAY: The U.S. Import Price
BLS DAILY REPORT, MONDAY, MAY 22, 2000
The Midwest had the lowest jobless rate of any region in the country in
April, with an unemployment rate of 3.3 percent, BLS reports. Jobless rates
were relatively low throughout the nation, with the Northeast and South
recording 3.8 percent unemployment
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BLS DAILY REPORT, FRIDAY, FEBRUARY 27, 1997
RELEASED TODAY: As the
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BLS DAILY REPORT, MONDAY, MARCH 2, 1998
As it did nationally, the unemployment rate in
BLS DAILY REPORT, WEDNESDAY, APRIL 29, 1998
OSHA issues voluntary "common-sense" recommendations to reduce the
number of workers injured in late-night retail establishments,
especially convenience stores, liquor stores, and gasoline stations,
during robberies and other violent acts (Daily
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BLS DAILY REPORT, TUESDAY, APRIL 28, 1998
Business economists report that growth in
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BLS DAILY REPORT, MONDAY, APRIL 27, 1998
Three decades of increasing automation and
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RELEASED TODAY: Both nonfarm payroll employment and the unemployment
rate were about
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BLS DAILY REPORT, THURSDAY, APRIL 9, 1998
RELEASED TODAY: The Producer Price Index for
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BLS DAILY REPORT, WEDNESDAY, APRIL 15, 1998
RELEASED TODAY: The U.S. Import Price Index
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BLS DAILY REPORT, THURSDAY, APRIL 16, 1998
Import prices fell 1 percent in March, the fifth straight monthly
decline,
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BLS DAILY REPORT, FRIDAY, APRIL 17, 1998:
RELEASED TODAY: Regional and state unemployment
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b3NvZnQgTWFpbC5Ob3RlADEIAQWAAwAOzgcEABUACQAVADoAAgBIAQEggAMADgAAAM4HBAAV
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BLS DAILY REPORT, TUESDAY, APRIL 21, 1998:
Increasing competition, new technology, and privatization will continue
to
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BLS DAILY REPORT, WEDNESDAY, APRIL 22, 1998
Concern is expressed at appropriations subcommittee hearing about
whether
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BLS DAILY REPORT, THURSDAY, APRIL 23, 1998:
RELEASED TODAY: A total of 1.9 million
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BLS DAILY REPORT, FRIDAY, APRIL 24, 1998
RELEASED TODAY: In January 1998, there were
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BLS DAILY REPORT, MONDAY, APRIL 20, 1998
RELEASED TODAY: Median weekly earnings of the
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BLS DAILY REPORT, TUESDAY, APRIL 14, 1998:
BLS News Releases:
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BLS DAILY REPORT, FRIDAY, APRIL 10, 1998:
Seasonally
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BLS DAILY REPORT, WEDNESDAY, APRIL 8, 1998
Beginning with the questionnaires that have been mailed to households in
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BLS DAILY REPORT, TUESDAY, APRIL 7, 1998
"Wage-and- salary workers employed at home grew to 3.6 million in 1997
from
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BLS DAILY REPORT, MONDAY, APRIL 6, 1998
___Five consecutive months of extraordinary job
BLS DAILY REPORT, MONDAY, MARCH 9, 1998
__Exceeding expectations for the fifth consecutive month, the U.S.
economy in February added a seasonally adjusted 310,000 new nonfarm
payroll jobs, with half the growth coming from service industries, BLS
says. The nation's unemployment rate essentially
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FYI John Greenlees is the Asst. Comm. of Labor Statistics for Consumer
Prices and Price Indexes.
--
From:
BLS DAILY REPORT, TUESDAY, MARCH 10, 1998
RELEASED TODAY: In the fourth quarter, productivity rose in both the
business and nonfarm business sectors by less than it had in the
previous quarter For the year 1997, productivity increases in both
sectors were about the same as the 1996
BLS DAILY REPORT, FRIDAY, MARCH 13, 1998
TODAY'S NEWS RELEASE: The Producer Price Index for Finished Goods
declined 0.1 percent in February, seasonally adjusted. This decline
followed decreases of 0.7 percent in January and 0.2 percent in
December. The index for finished goods other than
BLS DAILY REPORT, MONDAY, MARCH 23, 1998
Nonfarm payroll employment increased in 40 states in February, and the
jobless rate declined in 27 states, BLS reports (Daily Labor Report,
page D-1).
Wages for the lowest-paid workers finally are starting to rise,
suggesting the possible reversal of
BLS DAILY REPORT, THURSDAY, MARCH 26, 1998
RELEASED TODAY: In May 1997, about 25.0 million full-time wage and
salary workers had flexible work schedules that allowed them to vary the
time they began or ended work. The proportion of workers with such
schedules was 27.6 percent, up sharply from
BLS DAILY REPORT, FRIDAY, MARCH 27, 1998:
RELEASED TODAY: According to updated figures, manufacturing productivity
in the United States rose 4.4 percent in 1996, a smaller increase than
in 1994 or 1995. Nevertheless, the U.S. productivity growth rate was
higher than the rates recorded for 8 of
BLS DAILY REPORT, MONDAY, MARCH 30, 1998
U.S. manufacturing productivity rose 4.4 percent in 1996, less than in
the two previous years but more than the rates recorded in eight of 10
other countries. Only in Japan and Germany did productivity rise faster
in 1996 that in the United States, BLS
BLS DAILY REPORT, TUESDAY, MARCH 31, 1998:
Sales of new homes soared to a record high in February,
as the robust economy, low mortgage rates, and warm weather enticed
throngs of buyers. Single-family home sales rose 4.8 percent, to a
seasonally adjusted annual
BLS DAILY REPORT, WEDNESDAY, MARCH 25, 1998
The lack of knowledge about the extent of child labor law violations in
the United States makes it difficult to determine exactly how many
children are working in agriculture and getting injured, witnesses tell
a congressional forum in Northern
BLS DAILY REPORT, TUESDAY, MARCH 24, 1998
It will take more than a small oil price increase to knock the U.S.
economy off its stride, says The Wall Street Journal (page A2) The
most important thing to remember, economists say, is that the recent
drop in oil prices was largely unexpected - a
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
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
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
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.
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
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
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
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
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
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
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
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
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
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
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
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
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
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,
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
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.
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
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
At 8:02 on Apr 23 Doug Henwood wrote
If you look at workhours rather than using a price index, you get a much
darker picture of wages. I haven't updated these stats in a while, but
between 1973 and 1993, the number of hours required for a U.S. worker paid
the average wage to cover a household's
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
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
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
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
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
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
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
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
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
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
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,
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