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[Richardson_D <Richardson_D@xxxxxxx>]

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BLS DAILY REPORT, TUESDAY, OCTOBER  7, 1997

The turnover rate rises to the highest level in nearly a decade, says
The Wall Street Journal's Work Week column (page A1).  At midyear,
employee turnover was up sharply from a year before, with 1.2 percent of
work forces leaving each month, a report by the Bureau of National
Affairs shows.  Unhappy employees now can switch jobs more easily, given
the booming economy, personnel consultants say.  Turnover is highest at
call centers, where employees talk to customers on the phone all day,
and in certain high-tech jobs, where some computer specialists in demand
leave about every six months, on average.  To hold workers, employers
are offering more job sharing and flexible hours ....Replacing an
employee costs one to one-and-a-half  times the departed workers' annual
salary, says Hewitt Associates, a Lincolnshire, Ill.,
management-consulting firm.

Employee attacks on bosses make up 17 percent of workplace violence,
while employee attacks on one another account for 57 percent, says the
Work Week column of The Wall Street Journal (page A1)

The three major minority groups are purchasing homes, starting
businesses, and attaining college degrees at such a rapid pace they
could reach parity with whites over the next 10 years, according to
initial findings of a study to be released today.  The survey also found
that whites still have  substantially greater household income than
African Americans and Hispanics, although less than the third minority
group, Asian Americans, and that the annual rate at which minorities are
increasing their incomes is virtually equal to that of whites.
Conducted jointly by three firms specializing in minority marketing and
demographic research, the study examines minorities' progress in the
areas they say are components of the commonly held notion of the
"American Dream."  Members of minority groups, including immigrants,
will make major strides in these categories over the next decade,
provided the economy remains healthy, say researchers, who based their
projections on U.S. Census and Federal Reserve data and reports from the
Conference Board ....Conducting the analysis is the Graham Gregory
Bozell company, MSR Consulting of New York, and DemoGraph Corp. of Miami
.....(Wall Street Journal, page A2).

The Census Bureau announced last week that the median income of American
households rose in 1996 for the third year in a row, even after allowing
for inflation.  At last, the economic expansion appears to be lifting a
lot of boats, says Louis Uchitelle in The New York Times (Oct. 5, page
WK4) ....But there's a less sanguine explanation buried in the Census
report and in other government data. Fathers and mothers, sons and
daughters are working longer hours for roughly the same hourly pay.  It
is not higher wages but extra time on the job that is the main source of
the rising  household income.  That is a precarious affluence.  When the
economy weakens, as it inevitably will, the extra work can disappear
abruptly, as it did in the aftermath of the last  recession.  Raises are
harder to reverse ....

DUE OUT TOMORROW:  Extended Mass Layoffs in the Second Quarter of 1997


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