| Private industry employers spent an average of $29.63 per hour worked for total employee
compensation in December 2013. Wages and salaries
averaged $20.76 per hour worked and accounted for 70.1 percent of these costs, while benefits averaged
$8.87 and accounted for the remaining 29.9 percent.
Total compensation costs for state and local government workers averaged $42.89 per hour worked in December 2013. Total employer compensation costs for civilian workers, which include private industry and state and local government workers, averaged $31.57 per hour worked in December 2013. See the complete report at this link: USDOL-BLS |
12 March 2014
• U.S. Employer Costs For Employee Compensation – December 2013
11 March 2014
• U.S. Job Openings, Hires, Turnover – January 2014
| The number of job openings (not seasonally adjusted) increased over the year for total nonfarm and total
private but decreased for government. Over the year, the number of job openings increased in several
industries while it decreased in real estate and rental and leasing and in federal government.
Over the 12 months ending in January, the number of hires (not seasonally adjusted) changed little for total nonfarm, total private, and government. Hires levels rose over the year in professional and business services and in educational services. See the complete report at this link: USDOL-BLS |
07 March 2014
• U.S. Help-Wanted Advertising – February 2014
| ”Online advertised vacancies rose to 5,186,200 in February, according to The
Conference Board Help Wanted OnLine® (HWOL) Data Series released today. The February Supply/Demand rate
stands at 2.1 unemployed for each vacancy with a total of 5.3 million more unemployed workers than the number of
advertised vacancies.
"’After a very lackluster 2013, the large February increase is the first signal in many months of possible renewed strength in demand for labor,’ said June Shelp, Vice President of The Conference Board. ‘The large increase may partially be a result of pent-up demand following the bad winter weather across the U.S.’ “The February data brightens (sic) the demand for service occupations like transportation, healthcare support and office work; however, for these occupations there are still two to three unemployed competing for each advertised vacancy. By contrast, for the high-demand computer and healthcare professional jobs there is notable evidence of worker shortages, with three or more advertised vacancies for each unemployed worker….” See the complete report at this link: The Conference Board |
• U.S. Employment Situation – February 2014
| Total nonfarm payroll employment increased by 175,000 in February, and the
unemployment rate was little changed at 6.7 percent. Employment increased in professional and
business services and in wholesale trade but declined in information.
Both the number of unemployed persons (10.5 million) and the unemployment rate (6.7 percent) changed little in February. The jobless rate has shown little movement since December. Over the year, the number of unemployed persons and the unemployment rate were down by 1.6 million and 1.0 percentage point, respectively. Among the major worker groups, the unemployment rates for adult men (6.4 percent), adult women (5.9 percent), teenagers (21.4 percent), whites (5.8 percent), blacks (12.0 percent), and Hispanics (8.1 percent) showed little or no change in February. The jobless rate for Asians was 6.0 percent (not seasonally adjusted), about unchanged over the year. See the complete report at this link: USDOL-BLS |
06 March 2014
• U.S. Labor Productivity & Unit Labor Costs – Q4 2013
| Nonfarm business sector labor productivity increased at a 1.8 percent annual
rate during the fourth quarter of 2013. The increase in productivity reflects increases of 3.4 percent in output and 1.6 percent in hours worked. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the fourth quarter of 2012 to the fourth quarter of 2013, productivity increased 1.3 percent as output and hours worked rose 2.9 percent and 1.7 percent, respectively. Annual average productivity increased 0.5 percent from 2012 to 2013. Unit labor costs in nonfarm businesses decreased 0.1 percent in the fourth quarter of 2013, while hourly compensation increased 1.7 percent. Unit labor costs fell 0.9 percent over the last four quarters. See the complete report at this link: USDOL-BLS |
• U.S. Initial Unemployment Claims – 01 March 2014
| In the week ending March 1, the advance figure for seasonally adjusted initial claims was 323,000, a decrease of 26,000 from the previous week's revised figure of 349,000. The 4-week moving average was 336,500, a decrease of 2,000 from the previous week's revised average of 338,500.
The highest insured unemployment rates in the week ending February 15 were in Alaska (5.7), Pennsylvania (4.2), New Jersey (4.1), Rhode Island (4.0), Montana (3.7), California (3.6), Wisconsin (3.6), Connecticut (3.5), Illinois (3.5), and Puerto Rico (3.5).
The largest increases in initial claims for the week ending February 22 were in Georgia (+7,383), Massachusetts (+3,502), South Carolina (+3,320), Connecticut (+1,376), and Alabama (+1,259), while the largest decreases were in California (-4,973), Missouri (-3,642), New York (-3,572), Michigan (-2,322), and Oregon (-1,810).
Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits.
See the complete report at this link: USDOL-BLS
|
03 March 2014
• U.S. Personal Income And Outlays - January 2014
|
Personal income increased $43.9 billion, or 0.3 percent, and disposable personal income (DPI) increased $45.2 billion,
or 0.4 percent, in January.
Personal consumption expenditures (PCE) increased $48.1 billion, or 0.4 percent. In December, personal income decreased $5.5 billion, or less than 0.1 percent,  Real disposable personal income increased 0.3 percent in January, in contrast to a decrease of 0.2 percent in December. Real PCE increased 0.3 percent, in contrast to a decrease of 0.1 percent. See the complete report at this link: USDOC-BEA |
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