31 January 2014

• Super Bowl Statistics


Super Bowl XLVIII will be played Feb. 2 at MetLife Stadium in East Rutherford, N.J. This will be the first time the Super Bowl has been held in the New York City metropolitan area, as well as being the first Super Bowl played outdoors in the northern U.S.

To commemorate this occasion, the Census Bureau has compiled a collection of facts examining the demographics of the host city, as well as the cities represented by the remaining teams in the playoffs, the Denver Broncos and the Seattle Seahawks.

See the complete report at this link: USDOC-Census


• U.S. Personal Income – December 2013


Personal income increased $2.3 billion, or less than 0.1 percent, and disposable personal income (DPI) decreased $3.8 billion, or less than 0.1 percent, in December.

Personal consumption expenditures (PCE) increased $44.1 billion, or 0.4 percent. In November, personal income increased $29.8 billion, or 0.2 percent, DPI increased $14.4 billion, or 0.1 percent, and PCE increased $74.8 billion, or 0.6 percent, based on revised estimates.

Real disposable personal income decreased 0.2 percent in December, in contrast to an increase of 0.1 percent in November. Real PCE increased 0.2 percent in December, compared with an increase of 0.6 percent in November.

See the complete report at this link: USDOC-BEA


• U.S. Employment Cost Index – December 2013


Compensation costs for civilian workers increased 0.5 percent, seasonally adjusted, for the 3-month period ending December 2013. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.6 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.6 percent.

Compensation costs for civilian workers increased 2.0 percent for the 12-month period ending December 2013, essentially unchanged from the December 2012 increase of 1.9 percent. Wages and salaries increased 1.9 percent for the current 12-month period. In December 2012 the increase was 1.7 percent. Benefit costs increased 2.2 percent for the 12-month period ending December 2013. In December 2012 the increase was 2.4 percent.

Compensation costs for private industry workers increased 2.0 percent over the year. In December 2012 the increase was 1.8 percent. Wages and salaries increased 2.1 percent for the current 12-month period. In December 2012 the increase was 1.7 percent. The increase in the cost of benefits was 1.9 percent for the 12-month period ending December 2013, essentially unchanged from the December 2012 increase of 2.0 percent. Employer costs for health benefits increased 3.0 percent over the year. In December 2012 the increase was 2.1 percent.

Compensation costs for state and local government workers increased 1.9 percent for the 12-month period ending December 2013, unchanged from December 2012. Wages and salaries increased 1.1 percent for the 12-month period ending December 2013, unchanged from December 2012. Prior values for this series, which began in June 1982, ranged from 0.9 percent to 8.5 percent. Benefit costs increased 3.3 percent in December 2013. In December 2012, the increase was 3.4 percent.

See the complete report at this link: USDOL-BLS


30 January 2014

• U.S. Gross Domestic Product & Price Index – Q4 2013


Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 3.2 percent in the fourth quarter of 2013 (that is, from the third quarter to the fourth quarter). In the third quarter, real GDP increased 4.1 percent.

The increase in real GDP in the fourth quarter primarily reflected positive contributions from personal consumption expenditures (PCE), exports, nonresidential fixed investment, private inventory investment, and state and local government spending that were partly offset by negative contributions from federal government spending and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.

The deceleration in real GDP in the fourth quarter reflected a deceleration in private inventory investment, a larger decrease in federal government spending, a downturn in residential fixed investment, and decelerations in state and local government spending and in nonresidential fixed investment that were partly offset by accelerations in exports and in PCE and a deceleration in imports.

The price index for gross domestic purchases, which measures prices paid by U.S. residents, increased 1.2 percent in the fourth quarter, compared with an increase of 1.8 percent in the third. Excluding food and energy prices, the price index for gross domestic purchases increased 1.7 percent in the fourth quarter, compared with an increase of 1.5 percent in the third.

See the complete report at this link: USDOC-BEA


• U.S. Initial Unemployment Claims – 25 January 2014


In the week ending January 25, the advance figure for seasonally adjusted initial claims was 348,000, an increase of 19,000 from the previous week's revised figure of 329,000.

The 4-week moving average was 333,000, an increase of 750 from the previous week's revised average of 332,250.

The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending January 18, unchanged from the prior week's unrevised rate.

The highest insured unemployment rates in the week ending January 11 were in Alaska (6.5), Connecticut (4.2), New Jersey (4.2), Puerto Rico (4.0), Pennsylvania (3.9), Rhode Island (3.9), Wisconsin (3.9), Illinois (3.8), Montana (3.7), and West Virginia (3.7).

The largest increases in initial claims for the week ending January 18 were in California (+11,708), Oregon (+1,239), Rhode Island (+304), and Virgin Islands (+7), while the largest decreases were in Pennsylvania (-16,595), Indiana (-10,740), Texas (-8,789), Georgia (-8,119), and Massachusetts (-5,863).

Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits.

See the complete report at this link: USDOL-BLS


29 January 2014

• U.S. Business Employment Dynamics – 2Q 2013


From March 2013 to June 2013 gross job gains from opening and expanding private sector establishments were 7.1 million.

Over this period, gross job losses from closing and contracting private sector establishments were 6.5 million, an increase of 191,000 from the previous quarter.

See the complete report at this link: USDOL-BLS


28 January 2014

• U.S. Regional And State Employment And Unemployment - December 2013


Regional and state unemployment rates were generally lower in December. Thirty-nine states and the District of Columbia had unemployment rate decreases from November, two states had increases, and nine states had no change.

In December 2013, nonfarm payroll employment increased in 30 states, decreased in 19 states and the District of Columbia, and was unchanged in Vermont.

See the complete report at this link: USDOL-BLS


27 January 2014

• U.S. State Legislatures Passed New Laws in 2013


”State and local legislatures imposed many new obligations on employers in 2013, some of which already have become effective. Staying abreast of these developments is vital for any employer, but especially for a multistate employer.

”Specific legislation of note is summarized below, and in most instances, further information is available by clicking on the accompanying links.”

See the complete report at this link: JacksonLewis.com


24 January 2014

• U.S. Union Membership - 2013


In 2013, the union membership rate--the percent of wage and salary workers who were members of unions--was 11.3 percent, the same as in 2012.

The number of wage and salary workers belonging to unions, at 14.5 million, was little different from 2012.

In 1983, the first year for which comparable union data are available, the union membership rate was 20.1 percent, and there were 17.7 million union workers.

See the complete report at this link: USDOL-BLS


23 January 2014

• U.S. Initial Unemployment Claims – 18 January 2014


In the week ending January 18, the advance figure for seasonally adjusted initial claims was 326,000, an increase of 1,000 from the previous week's revised figure of 325,000 but down 5.0% from the same week a year ago.

The 4-week moving average was 331,500, a decrease of 3,750 from the previous week's revised average of 335,250.

The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending January 11, unchanged from the prior week's unrevised rate.

The highest insured unemployment rates in the week ending January 11 were in Alaska (5.8), Puerto Rico (4.9), Pennsylvania (4.5), Connecticut (4.4), New Jersey (4.4), Michigan (3.8), Montana (3.8), Wisconsin (3.8), Rhode Island (3.6), California (3.5), Illinois (3.5), and Massachusetts (3.5).

The largest increases in initial claims for the week ending January 11 were in Texas (+12,800), California (+8,319), Pennsylvania (+7,107), Indiana (+6,622), and Florida (+5,790), while the largest decreases were in New York (-18,019), Georgia (-7,278), Alabama (-2,639), Wisconsin (-2,577), and South Carolina (-1,810).

Click on chart to enlarge

Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits.

See the complete report at this link: USDOL-BLS


22 January 2014

• Average Weekly Earnings Of Wage And Salary Workers – Q4 2013


Median weekly earnings of the nation's 104.8 million full-time wage and salary workers were $786 in the fourth quarter of 2013 (not seasonally adjusted).

This was 1.4 percent higher than a year earlier, compared with a gain of 1.2 percent in the Consumer Price Index for All Urban Consumers (CPI-U) over the same period.

See the complete report at this link: USDOL-BLS


• Engineers Top College Grad Salaries


"NACE’s January 2014 Salary Survey—the final report on starting salaries for the college Class of 2013—found that petroleum engineering once again is by far the highest-paid major for the Class of 2013. This has been the case in NACE’s September 2013 and April 2013 Salary Survey reports, as well.

"The January report shows that the average starting salary for petroleum engineering is nearly $27,000 more than the average starting salary for computer engineering, which is the second highest-paid major for Class of 2013 graduates."

See the complete report at this link: NACEWeb.org


17 January 2014

• U.S. Job Openings, Labor Turnover – November 2013


There were 4.0 million job openings on the last business day of November, little changed from October.

The hires rate (3.3 percent) and separations rate (3.1 percent) were unchanged in November.

See the complete report at this link: USDOL-BLS


16 January 2014

• U.S. Real Earnings – December 2013


Real average hourly earnings for all employees fell 0.3 percent from November to December, seasonally adjusted. This decrease stems from a 0.1 percent increase in average hourly earnings being more than offset by a 0.3 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings fell 0.5 percent over the month due to the decrease in real average hourly earnings combined with a 0.3 percent decrease in the average workweek.

Real average hourly earnings rose 0.2 percent, seasonally adjusted, from December 2012 to December 2013. The increase in real average hourly earnings, combined with a 0.3 percent decrease in the average workweek, resulted in no net change in real average weekly earnings over this period.

See the complete report at this link: USDOL-BLS


• U.S. Initial Unemployment Claims – 11 January 2014


In the week ending January 11, the advance figure for seasonally adjusted initial claims was 326,000, a decrease of 2,000 from the previous week's revised figure of 328,000.

The 4-week moving average was 335,000, a decrease of 13,500 from the previous week's revised average of 348,500.

The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending January 4, an increase of 0.1 percentage point from the prior week's unrevised rate.

The highest insured unemployment rates in the week ending December 28 were in Alaska (6.2), New Jersey (4.0), Connecticut (3.8), Pennsylvania (3.6), Montana (3.5), Wisconsin (3.5), Oregon (3.4), California (3.2), Illinois (3.2), Idaho (3.1), Massachusetts (3.1), Michigan (3.1), Minnesota (3.1), New York (3.1), and Rhode Island (3.1).

The largest increases in initial claims for the week ending January 4 were in New York (+28,314), Georgia (+18,734), South Carolina (+9,632), Alabama (+6,782), and Texas (+6,638), while the largest decreases were in Michigan (-17,635), New Jersey (-6,882), Massachusetts (-5,485), Ohio (-5,482), and Iowa (-4,212).

Click on chart to enlarge

Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits.

See the complete report at this link: USDOL-BLS


• U.S. Consumer Price Index – December 2013


The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.5 percent over the last 12 months to an index level of 233.049 (1982-84=100). For the month, the index was unchanged prior to seasonal adjustment.

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 1.5 percent over the last 12 months to an index level of 229.174 (1982-84=100). For the month, the index was unchanged prior to seasonal adjustment.

The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 1.3 percent over the last 12 months to an index level of 133.662. For the month, the index was unchanged on a not seasonally adjusted basis.

Please note that the indexes for the post-2011 period are subject to revision.

The Consumer Price Index for January 2014 is scheduled to be released on Thursday, February 20, 2014, at 8:30 a.m. (EST).

See the complete report at this link: USDOL-BLS


15 January 2014

• U.S. Producer Price Index – December 2013


The Producer Price Index for finished goods advanced 0.4 percent in December, seasonally adjusted. Prices for finished goods declined 0.1 percent in November and 0.2 percent in October.

At the earlier stages of processing, prices received by producers of intermediate goods rose 0.6 percent in December, and the crude goods index climbed 2.4 percent.

On an unadjusted basis, prices for finished goods increased 1.2 percent in 2013 compared with a 1.4-percent advance in 2012.

See the complete report at this link: USDOL-BLS


10 January 2014

• U.S. Online Help-Wanted Advertising – December 2013


”Online advertised vacancies were up 125,600 in December to 5,297,100, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series....

"The November Supply/Demand rate stands at 2.1 unemployed for each vacancy with a total of 5.7 million more unemployed workers than the number of advertised vacancies.”

See the complete report at this link: The Conference Board


• U.S. Employment Situation – December 2013


Click on charts to enlarge

The unemployment rate declined from 7.0 percent to 6.7 percent in December, while total nonfarm payroll employment edged up (+74,000).

Employment rose in retail trade and wholesale trade but was down in information.

See the complete report at this link: USDOL-BLS


• U.S. College Grads: Salaries Up 2.6% for Class of 2013


”The overall average starting salary for Class of 2013 graduates has increased 2.6 percent to $45,633 from the final overall average of $44,482 for the Class of 2012.

”The current overall average starting salary is buoyed by the 2.9 percent increase to humanities and social sciences majors’ average salary and the 2.3 percent bump to the average salary of business majors.

”Average salaries within the other broad categories of disciplines remain essentially flat, with some groups even slipping a little from last year—albeit by decreases of less than 1 percent.

See the complete report at this link: NACEWeb.org


09 January 2014

• U.S. Initial Unemployment Claims – 04 January 2014


In the week ending January 4, the advance figure for seasonally adjusted initial claims was 330,000, a decrease of 15,000 from the previous week's revised figure of 345,000.

The 4-week moving average was 349,000, a decrease of 9,750 from the previous week's revised average of 358,750.

The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending December 28, unchanged from the prior week's unrevised rate.

The highest insured unemployment rates in the week ending December 21 were in Alaska (5.3), Pennsylvania (3.4), New Jersey (3.3), Connecticut (3.2), Illinois (3.1), Montana (3.0), Puerto Rico (2.9), Wisconsin (2.9), California (2.8), Nevada (2.8), Oregon (2.8), and Rhode Island (2.8).

The largest increases in initial claims for the week ending December 28 were in Michigan (+16,056), Pennsylvania (+10,601), New Jersey (+7,345), Ohio (+7,036), and Iowa (+5,369), while the largest decreases were in California (-14,635), Texas (-6,723), Florida (-3,738), North Carolina (-2,694), and South Carolina (-2,184).

Click on chart to enlarge

Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits.

See the complete report at this link: USDOL-BLS


08 January 2014

• U.S. 2014-15 Occupational Outlook Handbook


The 2014–15 Occupational Outlook Handbook (OOH) was released today by the U.S. Bureau of Labor Statistics (BLS). The OOH reflects BLS employment projections for the 2012–22 decade.

The OOH is one of the nation’s most widely used sources of career information. It provides details on hundreds of occupations and is used by career counselors, students, parents, teachers, jobseekers, career changers, education and training officials, and researchers.

The OOH is available online at this link: USDOL-BLS


• Business Economists Say U.S. Labor Markets to Improve


”Nonfarm payrolls are forecast to post an average monthly gain of 177,500 for all of 2013, less than the 183,000 recorded in 2012 and below the 189,000 predicted in the September survey.

”However, panelists anticipate stronger job creation in 2014, with an average monthly nonfarm payroll increase of 197,000.

”The unemployment rate is expected to average 7.5% in 2013 and decline to 7.0% in 2014.

”Affordable Care Act provisions are expected to trim 10,000 from monthly payroll growth in 2014.

See the complete report at this link: NABE


07 January 2014

• U.S. Metropolitan Area Employment And Unemployment - November 2013


Unemployment rates were lower in November than a year earlier in 293 of the 372 metropolitan areas, higher in 71 areas, and unchanged in 8 areas. Twenty-one areas had jobless rates of at least 10.0 percent, and 73 areas had rates of less than 5.0 percent. Two hundred ninety- eight metropolitan areas had over-the-year increases in nonfarm payroll employment, 63 had decreases, and 11 had no change.

298 metropolitan areas had over-the-year increases in nonfarm payroll employment, 63 had decreases, and 11 had no change. The largest over-the-year employment increases occurred in New York-Northern New Jersey-Long Island, N.Y.-N.J.-Pa. (+200,500), Los Angeles-Long Beach-Santa Ana, Calif. (+97,600), and Houston-Sugar Land-Baytown, Texas (+86,200). The largest over-the-year percentage gain in employment occurred in Sebastian-Vero Beach, Fla. (+8.1 percent), followed by Naples-Marco Island, Fla. (+7.9 percent), and Port St. Lucie, Fla. (+6.1 percent).

See the complete report at this link: USDOL-BLS


02 January 2014

• U.S. Initial Unemployment Claims – 28 December 2013


In the week ending December 28, the advance figure for seasonally adjusted initial claims was 339,000, a decrease of 2,000 from the previous week's revised figure of 341,000.

The 4-week moving average was 357,250, an increase of 8,500 from the previous week's revised average of 348,750.

The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending December 21, unchanged from the prior week's unrevised rate.

The highest insured unemployment rates in the week ending December 21 were in Alaska (6.1), New Jersey (3.8), California (3.4), Montana (3.3), Pennsylvania (3.3), Connecticut (3.2), Puerto Rico (3.2), Illinois (3.0), Wisconsin (3.0), Oregon (2.9), West Virginia (2.9), and Nevada (2.8).

The largest increases in initial claims for the week ending December 21 were in Michigan (+4,865), New York (+3,284), Oregon (+1,901), New Jersey (+1,887), and Kentucky (+1,538), while the largest decreases were in California (-5,429), Illinois (-3,509), Washington (-1,930), Minnesota (-1,627), and Indiana (-1,363).

Click on chart to enlarge

Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits.

See the complete report at this link: USDOL-BLS