|
The length of time a worker remains with the same employer increased with the age at which the worker began the job.  Among jobs started by 40 to 48 year olds, 32 percent ended in less than a year and 69 percent ended in fewer than 5 years. Please visit this link to read the full report: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC |
31 March 2015
• U.S. Number of Jobs Held, Labor Market Activity, and Earnings Growth Among the Youngest Baby Boomers
30 March 2015
• U.S. Business Economists Say Labor Market Improving — March 2015
|
The outlook for the labor market is notably stronger says the National Association for Business Economics consensus of macroeconomic forecasts from a panel of 50 professional forecasters. The median forecast for nonfarm payroll growth is 251,000 for 2015—a substantial upgrade from December’s forecast of 217,000—and 216,000 for 2016. The outlook for unemployment has also brightened: in December the 2015 unemployment rate was expected to average 5.6%; the current median forecast is 5.4%. The median forecast for 2016 is for unemployment to decline further to an average rate of just 5.1%. Please visit this link to read the report: NABE NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC |
• U.S. Personal Income, Expenditures, Compensation — February 2015
|
Personal income increased $58.6 billion, or 0.4 percent, and disposable personal income (DPI) increased $54.2 billion, or 0.4 percent, in February, according to the Bureau of Economic Analysis.  Real DPI increased 0.2 percent in February, compared with an increase of 0.9 percent in January. Real PCE decreased 0.1 percent, in contrast to an increase of 0.2 percent. Compensation: Wages and salaries increased $23.9 billion in February, compared with an increase of $47.3 billion in January. Private wages and salaries increased $21.9 billion, compared with an increase of $44.2 billion. Government wages and salaries increased $2.1 billion, compared with an increase of $3.1 billion. Pay raises for federal civilian personnel added an additional $0.6 billion to the change in government payrolls in February; pay raises for federal civilian and military personnel added $2.2 billion to government payrolls in January.  Supplements to wages and salaries increased $5.2 billion in February, compared with an increase of $8.4 billion in January. Please visit this link to read the full report: USDOC NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC |
• Connecticut Employment Situation — February 2015
|
Based on the U.S. BLS's preliminary monthly survey of businesses and governments, Connecticut lost 3,700 nonfarm jobs in February 2015 – seasonally adjusted. Since February 2014, however, Connecticut’s nonfarm employment has increased by 25,800 positions or 1.56% (2,150 jobs per month average) to 1,681,900 jobs. February 2015 was officially the coldest month ever recorded for average temperatures in the state and this noticeably influenced the monthly employment decline. Unemployment: The unemployment rate in Connecticut was slightly higher in February 2015 at 6.4%, seasonally adjusted, up a tenth of a percentage point from January, according to the latest federal residential/household survey. This is down by six-tenths of a percentage point from the February 2014 unemployment rate of 7.0%. Over the year, the number of unemployed in the state has fallen by 9,583 (-7.3%) to 121,983, but did increase marginally last month (1,744). The state’s labor force continued to grow last month (5,368) despite the cold for the seventeenth month in a row and has increased by 32,203 workers on an annual basis (1.7%). “Connecticut’s record cold February temperatures and frequent snow appears to have affected industry employment, hours worked, and some unemployment claims activity last month,” said Andy Condon, Director of the Office of Research. “Nevertheless, the state’s labor force weathered the cold and continues to expand, bringing out more jobseekers.” Employment: Preliminary nonfarm employment estimates for February show Connecticut lost 3,700 (-0.22%, seasonally adjusted) jobs. Six of the ten major industry supersectors were lower in employment in February, while three posted job gains, and the other services supersector was unchanged. Connecticut over-the-year job gains now total 25,800 (1.56%, 2,150 per month) with eight industry supersectors displaying positive job growth, and just two having declined. The current February nonfarm employment level of 1,681,900 virtually matches the latest three month moving average. Recession Recovery: Connecticut has now recovered 87,900 positions, or 73.9% of the now 119,000 seasonally adjusted total nonfarm jobs that were lost in the state during the March 2008 - February 2010 employment recession (post-benchmark). Connecticut’s jobs recovery is now 60 months old and is averaging 1,465 jobs per month since February 2010. The private sector has recovered employment at faster pace and has now recovered 94,700 (84.9%) of the 111,600 private sector jobs that were lost during the same recessionary downturn (a pace of about 1,578 per month). At 1,681,900 overall nonfarm jobs for February 2015, the state needs to reach the 1,713,000 level to start a true nonfarm employment expansion. This will require an additional 31,100 nonfarm jobs. Labor Market Areas: The New Haven LMA (700, 0.2%) and the Bridgeport-Stamford-Norwalk LMA (300, 0.1%) posted small monthly job gains, while the Hartford-West Hartford-East Hartford LMA (-800, 0.1%) and the Norwich-New London- Westerly LMA (-500, -0.4%) were down in employment in February. Over the year, five of the six major Connecticut BLS-recognized LMAs are now positive, as are the three smaller state-estimated LMAs, with just the Norwich-New London-Westerly LMA (-400, -0.3%, seasonally adjusted) lower now since February 2014. Hours and Earnings: The private sector workweek, not seasonally adjusted, averaged 33.3 hours in February 2015, and is higher by 30 minutes (1.5%) from the year-ago estimate of 32.8 hours. Average hourly earnings at $28.99, not seasonally adjusted, were up 59 cents, or 2.1%, from the February 2014 estimate. The resultant average private sector weekly pay was calculated at $965.37, up $33.85, or 3.6% over the year Please visit this link to read the full report: CTDOL NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC |
27 March 2015
• U.S. Regional and State Employment and Unemployment -- February 2015
|
Unemployment: Regional and state unemployment rates were little changed in February. Twenty-six states had unemployment rate decreases from January, 6 states and the District of Columbia had increases, and 18 states had no change. Forty-six states had unemployment rate decreases from a year earlier, four states had increases, and the District of Columbia had no change. The national jobless rate edged down to 5.5 percent from January and was 1.2 percentage points lower than in February 2014. Employment: In February 2015, nonfarm payroll employment increased in 36 states and the District of Columbia, decreased in 13 states, and was unchanged in Wyoming. The largest over-the- month decrease in employment occurred in Connecticut (-3,700), followed by Rhode Island (-2,700) and West Virginia (-2,400 Please visit this link to read the full report: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC |
• U.S. Real Gross Domestic Product — Q4 2014
|
Real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- increased at an annual rate of 2.2 percent in the fourth quarter of 2014. In the third quarter, real GDP increased 5.0 percent.  The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the increase in real GDP was also 2.2 percent. While increases in exports and in personal consumption expenditures (PCE) were larger than previously estimated and the change in private inventories was smaller, GDP growth is unrevised, and the general picture of the economy for the fourth quarter remains the same. The increase in real GDP in the fourth quarter reflected positive contributions from PCE, nonresidential fixed investment, exports, state and local government spending, and residential fixed investment that were partly offset by negative contributions from federal government spending and private inventory investment. Imports, which are a subtraction in the calculation of GDP, increased. The deceleration in real GDP growth in the fourth quarter primarily reflected an upturn in imports, a downturn in federal government spending, a deceleration in nonresidential fixed investment, and a larger decrease in private inventory investment that were partly offset by accelerations in PCE and in state and local government spending. Please visit this link to read the full report: USDOC-BEA NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC |
26 March 2015
• U.S. Top-Paid Business Majors at the Bachelor’s and Master’s Levels — 2015
|
Management information systems (MIS) majors are projected to earn the highest average starting salary among Class of 2015 bachelor’s degree business graduates, and marketing majors are expected to be the top business earners at the master’s level, according to a report from the National Association of Colleges and Employers (NACE). NACE’s January 2015 Salary Survey shows that, among bachelor’s graduates, MIS majors are projected to earn starting salaries that average nearly $56,000. Logistics/supply chain, finance, and accounting majors are also expected to earn top average salaries among business majors. At the master’s degree level, marketing majors are projected to earn an average starting salary of nearly $78,000. Other top earners are expected to be finance, business administration/management, and logistics/supply chain majors. Please visit this link to read the full report: NACE NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC |
• U.S. Union Membership Statistics — 2014
|
The union membership rate of wage and salary workers was 11.1 percent in 2014, down from 20.1 percent in 1983. The public-sector rate (35.7 percent) was more than five times higher than the private-sector rate (6.6 percent). Find out more on Friday, March 27, 2015, at approximately 9:20 a.m. EDT as Mike Horrigan, Associate Commissioner for Employment and Unemployment at the Bureau of Labor Statistics, discusses statistics about union membership in America. C-SPAN’s “America by the Numbers” segments feature information from the federal statistical system. The program highlights trends and allows the public to call in or email their views. Please visit this link for further information: USCensusBureau NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC |
• U.S. Occupational Employment and Wages — May 2014
|
The occupations with the largest employment in May 2014 were retail salespersons and cashiers. These two occupations combined made up nearly 6 percent of total U.S. employment, with employment levels of 4.6 million and 3.4 million, respectively. Of the 10 largest occupations, only registered nurses, with an annual mean wage of $69,790, had an average wage above the U.S. all- occupations mean of $47,230.  The highest paying occupations overall included several physician and dentist occupations, chief executives, nurse anesthetists, and petroleum engineers. National employment and wage information for all occupations is shown…. Please visit this link to read the full report: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC |
• U.S. Initial Unemployment Claims — 21 March 2015
| In the week ending March 21, the advance figure for seasonally adjusted initial claims was 282,000, a decrease of 9,000 from the previous week's unrevised level of 291,000. The 4-week moving average was 297,000, a decrease of 7,750 from the previous week's unrevised average of 304,750. The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending March 14, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 14 was 2,416,000, a decrease of 6,000 from the previous week's revised level. The highest insured unemployment rates in the week ending March 7 were in Alaska (4.1), New Jersey (3.6), Connecticut (3.4), Rhode Island (3.3), Pennsylvania (3.2), Massachusetts (3.1), West Virginia (3.1), Montana (3.0), Illinois (2.9), and Puerto Rico (2.9). The largest increases in initial claims for the week ending March 14 were in Tennessee (+2,976), California (+1,020), Michigan (+457), Mississippi (+355), and Arkansas (+315), while the largest decreases were in Pennsylvania (-2,265), New York (-2,201), Georgia (-1,969), Illinois (-1,961), and Texas (-1,773). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. See the complete report at this link: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/ |
25 March 2015
• U.S. Commuting: Harder to Find Jobs Near Home
|
”Remember the Detroit man who walked 21 miles to work? James Robertson's arduous daily journey back and forth to a low-wage factory job, widely reported last month, is just an extreme version of an increasingly common problem: ”Finding a job near home is getting harder for millions of American workers. Long commutes are especially tough on the poor and on blacks and Hispanics….” Please visit this link to read the full report: Rep-Am.com NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC |
• U.S. Personal Income By State — 2014
|
Average state personal income growth accelerated to 3.9 percent in 2014 from 2.0 percent in 2013. Growth of state personal income—the sum of net earnings by place of residence, property income, and personal current transfer receipts—ranged from 0.5 percent in Nebraska to 5.7 percent in Alaska and Oregon, with 45 states growing faster in 2014 than in 2013. Inflation, as measured by the national price index for personal consumption expenditures, was 1.3 percent in 2014 and 1.2 percent in 2013.  Connecticut ranked 39th in personal income growth. Please visit this link to read the full report: USDOC-BEA NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC |
24 March 2015
• U.S. Consumer Price Index — February 2015
|
The Consumer Price Index for All Urban Consumers (CPI-U) was virtually unchanged over the last 12 months; the February 2015 index level was 234.722 (1982-84=100). For the month, the index rose 0.4 percent prior to seasonal adjustment.  The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) decreased 0.6 percent over the last 12 months to an index level of 229.421 (1982-84=100). For the month, the index rose 0.5 percent prior to seasonal adjustment. The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) decreased 0.5 percent over the last 12 months. For the month, the index rose 0.5 percent on a not seasonally adjusted basis. Please note that the indexes for the past 10 to 12 months are subject to revision.  The Consumer Price Index for March 2015 is scheduled to be released on Friday, April 17, 2015, at 8:30 a.m. (EDT). Please visit this link to read the full report: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC |
• U.S. Real Average Hourly, Weekly Earnings— February 2015
|
Real average hourly earnings for all employees decreased 0.1 percent from January to February, seasonally adjusted. This result stems from a 0.1-percent increase in average hourly earnings being offset by a 0.2-percent increase in the Consumer Price Index for All Urban Consumers (CPI-U). Real average weekly earnings decreased by 0.1 percent over the month due to the decrease in real average hourly earnings combined with no change in the average workweek.  Real average hourly earnings increased by 2.1 percent, seasonally adjusted, from February 2014 to February 2015. This increase in real average hourly earnings, combined with a 0.6-percent increase in the average workweek, resulted in a 2.6-percent increase in real average weekly earnings over this period. Please visit this link to read the full report: USDOL-BLS *Note: Real earnings show the effect of inflation on your pay. If your salary went up by 2.1% over the year while the cost-of-living (CPI-U) rose 2.3%, then the “real” value of your salary fell by 0.2% [differences in some of the data are due to rounding and seasonal adjustment]. The figures reported here are earnings for all employees on private nonfarm payrolls, seasonally adjusted. NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC |
20 March 2015
• U.S. Major Metropolitan Area Employment and Unemployment — January 2015
|
Unemployment rates were lower in January than a year earlier in 339 of the 387 metropolitan areas, higher in 38 areas, and unchanged in 10 areas. Three areas had jobless rates of less than 3.0 percent and 17 areas had rates of at least 10.0 percent. Nonfarm payroll employment increased over the year in 357 metropolitan areas, decreased in 25 areas, and was unchanged in 5 areas. Please visit this link to read the full report: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/ |
19 March 2015
• U.S. Regional and State Employment And Unemployment — January 2015
|
Regional and state unemployment rates were little changed in January. Twenty-four states had unemployment rate decreases from December, 8 states had increases, and 18 states and the District of Columbia had no change. Forty-five states and the District of Columbia had unemployment rate decreases from a year earlier, three states had increases, and two states had no change. Eighteen states had statistically significant over-the-month changes in employment, 15 of which were increases. The largest significant job gains occurred in California (+67,300), Ohio (+25,100), and Michigan (+24,200). The three significant decreases occurred in Virginia (-10,900), Louisiana (-7,500), and Maine (-3,400). Please visit this link to read the full report: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/ |
• U.S. County Employment— Q3 2014
|
From September 2013 to September 2014, employment increased in 306 of the 339 largest U.S. counties. Weld, Colo., had the largest increase, with a gain of 8.8 percent over the year, compared with national job growth of 2.0 percent. Within Weld, the largest employment increase occurred in natural resources and mining, which gained 2,299 jobs over the year (22.1 percent). Atlantic, N.J., had the largest over-the-year decrease in employment among the largest counties in the U.S. with a loss of 4.0 percent. Please visit this link to read the full report: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/ |
• U.S. Initial Unemployment Claims — 14 MAR 2015
| In In the week ending March 14, the advance figure for seasonally adjusted initial claims was 291,000, an increase of 1,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 289,000 to 290,000. The 4-week moving average was 304,750, an increase of 2,250 from the previous week's revised average. The previous week's average was revised up by 250 from 302,250 to 302,500. The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending March 7, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 7 was 2,417,000, a decrease of 11,000 from the previous week's revised level. The highest insured unemployment rates in the week ending February 28 were in Alaska (4.3), New Jersey (3.7), Pennsylvania (3.5), Connecticut (3.4), Rhode Island (3.4), Massachusetts (3.1), Montana (3.1), West Virginia (3.1), Illinois (3.0), Puerto Rico (3.0), California (2.9), and Wisconsin (2.9). The largest increases in initial claims for the week ending March 7 were in Texas (+1,939), Florida (+1,593), Oregon (+748), North Carolina (+704), and Washington (+530), while the largest decreases were in New York (-19,138), Tennessee (-4,069), Missouri (-2,793), Ohio (-2,575), and California (-1,825).
Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. See the complete report at this link: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/ |
• U.S. Initial Unemployment Claims — 22 JAN 2015
| In the week ending
Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. See the complete report at this link: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/ |
13 March 2015
• U.S. Producer Price Indexes— FEB 2015
|
The Producer Price Index for final demand fell 0.5 percent in February, seasonally adjusted . Final demand prices moved down 0.8 percent in January and 0.2 percent in December. On an unadjusted basis, the index for final demand decreased 0.6 percent for the 12 months ended in February. Please visit this link to read the full report: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/ |
12 March 2015
• U.S. Initial Unemployment Claims — 07 MAR 2015
| In the week ending March 7, the advance figure for seasonally adjusted initial claims was 289,000, a decrease of 36,000 from the previous week's revised level. The previous week's level was revised up by 5,000 from 320,000 to 325,000. The 4-week moving average was 302,250, a decrease of 3,750 from the previous week's revised average. The previous week's average was revised up by 1,250 from 304,750 to 306,000. The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending February 28, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 28 was 2,418,000, a decrease of 5,000 from the previous week's revised level. The highest insured unemployment rates in the week ending February 21 were in Alaska (4.3), New Jersey (3.8), Rhode Island (3.8), Connecticut (3.5), Massachusetts (3.4), Pennsylvania (3.2), West Virginia (3.2), Montana (3.1), Puerto Rico (3.1), and California (3.0). The largest increases in initial claims for the week ending February 28 were in New York (+21,056), Tennessee (+6,293), California (+4,550), Georgia (+2,840), and Alabama (+1,323), while the largest decreases were in Massachusetts (-3,799), Michigan (-2,086), Rhode Island (-1,050), Illinois (-791), and Maryland (-742). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. See the complete report at this link: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/ |
11 March 2015
• U.S. Job Openings and Labor Turnover – January 2015
|
There were 5.05 million job openings on the last business day of January, up from 4.37 million in December. Hires increased to 4.74 million in January.  This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by four geographic regions. The release also includes 2014 annual estimates for hires and separations. Please visit this link to read the full report: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/ |
• U.S. Employer Costs For Employee Compensation – December 2014
|
Private industry employers spent an average of $31.32 per hour worked for total employee compensation in December 2014. Wages and salaries averaged $21.72 per hour worked and accounted for 69.4 percent of these costs, while benefits averaged $9.60 and accounted for the remaining 30.6 percent. Total compensation costs for state and local government workers averaged $43.95 per hour worked in December 2014.  Total employer compensation costs for civilian workers, which include private industry and state and local government workers, averaged $33.13 per hour worked in December 2014. Please visit this link to read the full report: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/ |
06 March 2015
• U.S. Employment Situation— February 2015
|
Total nonfarm payroll employment increased by 295,000 in February, and the unemployment rate edged down to 5.5 percent . Job gains occurred in food services and drinking places, professional and business services, construction, health care, and in transportation and warehousing. Employment in mining was down over the month. Both the unemployment rate (5.5 percent) and the number of unemployed persons (8.7 million) edged down in February. Over the year, the unemployment rate and the number of unemployed persons were down by 1.2 percentage points and 1.7 million, respectively. Among the major worker groups, the unemployment rate for teenagers decreased by 1.7 percentage points to 17.1 percent in February. The jobless rates for adult men (5.2 percent), adult women (4.9 percent), whites (4.7 percent), blacks (10.4 percent), Asians (4.0 percent), and Hispanics (6.6 percent) showed little or no change. Please visit this link to read the full report: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/ |
05 March 2015
• U.S. Labor Productivity and Costs— Q4 2014
|
Nonfarm business sector labor productivity decreased at a 2.2 percent annual rate during the fourth quarter of 2014 as output increased 2.6 percent and hours worked increased 4.9 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the fourth quarter of 2013 to the fourth quarter of 2014, productivity decreased 0.1 percent reflecting increases in output and hours worked of 2.9 percent and 3.0 percent, respectively. Annual average productivity increased 0.7 percent from 2013 to 2014. Unit labor costs in the nonfarm business sector increased 4.1 percent in the fourth quarter of 2014, reflecting a 1.9 percent increase in hourly compensation and a 2.2 percent decline in productivity. Unit labor costs increased 2.6 percent over the last four quarters. Please visit this link to read the full report: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/ |
• U.S. Initial Unemployment Claims — 28 FEB 2015
| In the week ending February 28, the advance figure for seasonally adjusted initial claims was 320,000, an increase of
7,000 from the previous week's unrevised level of 313,000.
The 4-week moving average was 304,750, an increase of 10,250 from the previous week's unrevised average of 294,500. The advance seasonally adjusted insured unemployment rate was 1.8 percent for the week ending February 21, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 21 was 2,421,000, an increase of 17,000 from the previous week's revised level. The highest insured unemployment rates in the week ending February 14 were in Alaska (4.5), New Jersey (3.7), Connecticut (3.4), Rhode Island (3.4), Pennsylvania (3.3), Montana (3.2), Massachusetts (3.1), Puerto Rico (3.1), Illinois (2.9), and Wisconsin (2.9). The largest increases in initial claims for the week ending February 21 were in Massachusetts (+3,807), Kentucky (+2,926), Illinois (+2,777), Pennsylvania (+2,264), and Ohio (+2,134), while the largest decreases were in California (- 3,832), New York (-2,512), Washington (-1,816), Oregon (-1,216), and Missouri (-999). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. See the complete report at this link: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/ |
04 March 2015
• U.S. State and Regional Employment, Unemployment—2014
|
Employment: In 2014, Hawaii and Indiana had the largest over-the-year increases in their employment- population ratios (+1.4 percentage points each), followed by Louisiana (+1.2 points) and Connecticut (+1.1 points). Sixteen additional states had increases of at least 0.5 percentage point. Mississippi and Tennessee had the largest decreases in their employment-population ratios (-1.2 percentage points each). Four other states had declines of at least 0.5 percentage point. North Dakota had the highest proportion of employed persons, 70.8 percent in 2014. Four other states in the West North Central division had the next highest ratios: Nebraska, 68.9 percent; Iowa, 67.3 percent; Minnesota, 67.0 percent; and South Dakota, 66.9 percent. West Virginia had the lowest employment-population ratio among the states, 49.7 percent. West Virginia has had the lowest employment-population ratio each year since the series began in 1976. Three states had the lowest employment-population ratios in their series in 2014: Kentucky, 54.8 percent; Mississippi, 50.1 percent; and New Mexico, 53.6 percent. Unemployment: Annual average unemployment rates decreased from 2013 to 2014 in all 50 states and the District of Columbia. This was the first year since 1984 in which all states and the District had over-the-year rate declines. The largest rate decline occurred in Illinois (-2.0 percentage points), followed by Colorado, North Carolina, and Ohio (-1.8 points each). Twenty additional states had over-the-year jobless rate decreases of at least 1.0 percentage point. North Dakota had the lowest annual average unemployment rate (2.8 percent) in 2014. Nebraska (3.3 percent) and South Dakota (3.4 percent) had the next lowest jobless rates. Eleven additional states had annual average unemployment rates under 5.0 percent. Mississippi and Nevada had the highest jobless rates (7.8 percent each) among the states, followed by Rhode Island (7.7 percent). The District of Columbia also had a jobless rate of 7.8 percent. Please visit this link to read the full report: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/ |