A Report Tries To Counteract Job-Loss Fears
The Council of Economic Advisers will report Tuesday that more than two-thirds of the new jobs created in the United States in 1994 and 1995 paid better than the average job, Administration officials said today, and that despite waves of corporate layoffs, the length of time most workers spent unemployed in recent years has actually declined. Nonetheless, the report, written by Joseph E. Stiglitz, the head of the council, found some evidence that the rate at which jobs have been eliminated has risen slightly, despite strong economic growth. Though the evidence is murky -- and subject to differing interpretations within the Administration -- the statistics suggest that managers and other relatively high-paid white-collar workers who have been the focus of the most publicized layoffs are staying unemployed longer.