Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 1, 1976, Winnipeg, Manitoba Winnipeg free press tuesday june 1. 11 new consumer Price Index planned in . The los Angeles times fifth of a Serlet Washington each month Washington produces a number powerful enough to change social Security benefits for 32 million people alter the Cost of school lunches in crease the pay cheques of seven million workers and even raise some Alimony payments. This number is the consumer Price Index which Mea sures the Price changes in a Market Basket of goodst and services purchased by a worker in an Urban area. An updated Index will be issued next Spring a product of the first major revisions in the past 16 years. The Market Basket which includes several Hundred items ranging from the Cost of a haircut to the Price of a gallon of gasoline is now being revised to reflect changing patterns of spending. Kentucky Fried Chicken was a drumstick dream of col. Harlan Sanders when the last Survey was made in 1961. The new Market Basket undoubtedly will give More statistical weight to spending for food away from Home a category which takes in hamburger stands Chicken outlets and Fine China and Linen restaurants. The Index is the Only government measure specifically designed to Tell people what inflation is doing to their buying Power. For millions of . Citizens the Index is even More important because their incomes Are directly pegged to it. Whenever it climbs three per cent or More in a three month period compared with the previous year social Security benefits Rise by an equal amount. About seven million workers in private Industry have Union contracts with escalator clauses pegged to the Index is sued by the labor department s Bureau of labor statistics. Some divorce settlements link Alimony and child support pay ments to the Index. Starting next april the Bureau of labor statistics will publish two consumer Price indexes. One will be an improved version of the current Index covering Urban wage earners and clerical workers. This includes about 40 per cent of the . Population. Also the government will begin a new Urban households Index which applies to 80 per cent of All . Citizens. The broader Urban Index which includes retired peo ple the unemployed and High paid professionals should provide a new comprehensive measure of Price change for the according to Julius Shiskin commissioner of labor statistics. But a Retiree does t buy clothes for growing children or fund an education the Way a worker does. Unemployed people scale Down their said John Zalusky an Al Cio economist. The inclusion of these groups would distort the figures for working people covered by Union contracts he said. However the Union Contention that Urban workers Are a unique spending group is rejected by John laying of the government statistics Bureau. There s a tremendous Dif Ference Between two Guys on an Auto Assembly line making a year if one is a Bachelor and the other is a mar ried Man with two he said. They Don t buy the things they Don t live the same after considerable protests from the labor movement Congress provided the Bureau with additional funds so it could continue the wage earner Index favored by the Union chiefs. Thus anyone trying to judge the erosion of income by inflation will have two yardsticks every month beginning next april. The Over All Urban household measure probably will be used As the Best single measure of Price changes in the . Economy simply because it applies to 80 per cent of the population. I but the traditional wage earner and clerical Index is Likely to remain the Cornerstone for bargaining sessions Between labor and management. Jobs Avau Able Ottawa up full time Job openings declined during the three months ended april 30 from comparable year earlier Levels by 23 per cent to statistics Canada reported monday. Including part time and casual jobs available jobs dropped to from a year ago. This meant that for every existing jobs the number of Job vacancies was six. In the comparable year ago period the ratio was eight vacancies per jobs. The highest Job vacancy rates were in the Prairie provinces where Alberta had 10 vacancies per jobs and Saskatchewan and Mani Toba each had nine per lowest was i Newfoundland with Only three vacancies per existing Job. Leaders. _ As Good As be wig machines. Dollar for Dollar. No other Brand vacuum cleaner gives you so Many conveniences and performance features. Singer rugged. Heavy duty. I extremely versatile. Exactly what you re looking for of company at Canada lid. 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