| Regional and state unemployment rates were generally little changed in February.
Twenty-nine states had unemployment rate decreases from January, 10 states had
increases, and 11 states and the District of Columbia had no change.
Forty-nine states and the District of Columbia had unemployment rate decreases from a year earlier and one state had no change. The national jobless rate, 6.7 percent, was little changed from January, but was 1.0 percentage point lower than in February 2013. See the complete report at this link: USDOL-BLS |
28 March 2014
• U.S. Regional and State Employment and Unemployment -- February 2014
• Determined to Drive Every Last Vestige of Jobs Out of the State, Connecticut Legislature Enacts Highest Minimum Wage in the U.S.
| A. ”On a visit to Connecticut earlier this month, President Barack Obama urged Congress to raise the federal minimum to the same $10.10 level....”
B.”Connecticut Governor Dannel Malloy on Thursday signed into law a measure that will phase in the highest minimum wage of any U.S. state, in line with a push by Democrats nationwide to raise the entry-level wage. ”The bill, which was approved by state legislators a day earlier, will raise the state's minimum hourly rate to $10.10, a figure that matches what U.S. President Barack Obama has asked Congress to consider imposing nationally….” See the complete reports at these links: A. Reuters B. Reuters Note: Reuters is not responsible for the title on this posting |
• U.S. Personal Income and Outlays - February 2014
|
Personal income increased $47.7 billion, or 0.3 percent, and disposable personal income (DPI) increased $42.3 billion,
or 0.3 percent, in February. Personal consumption expenditures (PCE) increased $30.8 billion, or 0.3 percent. [In January, personal income increased $41.3 billion, or 0.3 percent, DPI increased $40.3 billion, or 0.3 percent, and PCE increased $20.0 billion, or 0.2 percent, based on revised estimates.] Real DPI increased 0.3 percent in February, compared with an increase of 0.2 percent in January. Real PCE increased 0.2 percent in February, compared with an increase of 0.1 percent in January. See the complete report at this link: USDOC-BEA |
27 March 2014
• U.S. Productivity and Costs By Industry: Manufacturing Industries - 2012
| Labor productivity -- defined as output per hour -- rose in 54 percent of the detailed manufacturing
industries covered in 2012. This was down from 68
percent in 2011. Unit labor costs, which reflect the total labor costs required to produce a unit of output, declined in 39 percent of the industries in 2012 compared to 49 percent in 2011. More than half of industries with productivity increases posted declines in unit labor costs. See the complete report at this link: USDOL-BLS |
• No, It’s Not April Fool’s Day, It’s Just the NLRB At Work
”Unions: NRLB rules that college players are employees under the NLRA.
 See the complete report at this link: HR.BLR.com |
• U.S. Gross Domestic Product – 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 2.6 percent in the fourth quarter of 2013
(that is, from the third quarter to the fourth quarter), according to the "third" estimate. In the third quarter, real GDP increased 4.1 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 2.4 percent. With this third estimate for the fourth quarter, the general picture of economic growth remains largely the same; personal consumption expenditures (PCE) was larger than previously estimated, while private investment in inventories and in intellectual property products were smaller than previously estimated. The increase in real GDP in the fourth quarter primarily reflected positive contributions from PCE, exports, and nonresidential fixed investment 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 growth in the fourth quarter reflected a downturn in private inventory investment, a larger decrease in federal government spending, a downturn in residential fixed investment, and a deceleration in state and local government spending that were partly offset by accelerations in PCE and in exports, a deceleration in imports, and an acceleration in nonresidential fixed investment. See the complete report at this link: USDOC-BEA |
• U.S. Initial Unemployment Claims – 22 March 2014
| In the week ending March 22, the advance figure for seasonally adjusted initial claims was 311,000, a decrease of 10,000 from the previous week's revised figure of 321,000. The 4-week moving average was 317,750, a decrease of 9,500 from the previous week's revised average of 327,250. The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending March 15, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending March 8 were in Alaska (5.5), New Jersey (4.1), Rhode Island (3.9), Connecticut (3.8), Pennsylvania (3.7), California (3.6), Illinois (3.6), Montana (3.4), Massachusetts (3.3), and Wisconsin (3.3). The largest increases in initial claims for the week ending March 15 were in California (+3,189), Nebraska (+1,044), Virginia (+513), Missouri (+492), and Tennessee (+474), while the largest decreases were in Pennsylvania (-3,166), Illinois (-2,320), New York (-2,155), Texas (-1,373), and Wisconsin (-1,055). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. See the complete report at this link: USDOL-BLS |
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