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interbiznet presents the Bugler
February 4, 2002




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Read more in today's Electronic Recruiting News.

From the Bureau
The Employment Cost Index (not seasonally adjusted) for December 2001 was 156.8, an increase of 4.1 percent from December 2000. The index, a component of the Bureau's National Compensation Survey, measures changes in compensation costs, which include wages, salaries, and employer costs for employee benefits.

Employment continued to decline in January, and the unemployment rate decreased to 5.6 percent. Nonfarm payroll employment declined By 89,000 over the month, as job losses continued in manufacturing. Construction employment also fell.

Personal income increased $34.6 billion (0.4 percent) and disposable personal income (DPI) increased $22.7 billion (0.3 percent) in December. Personal consumption expenditures (PCE) decreased $17.8 billion (0.2 percent). In November, personal income decreased $1.4 billion (less than 0.1 percent), DPI increased $3.3 billion (less than 0.1 percent), and PCE decreased $20.4 billion (0.3 percent) based on revised estimates.

Reveille
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