• U.S. Labor Turnover, Quits, Layoffs – September 2013

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There were 3.5 million total separations in September, little changed from August. Total turnover was 3.5% up from 3.2% in the same month a year ago. In September, 2.57 million resignations yielded a quits rate of 1.9%, up from 1.6% last year. U.S. employers laid off or fired 1.85 million workers, up a bit from August’s figure. See the complete report at this link: USDOL-BLS

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• U.S. Job Openings and Hires – September 2013

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There were 3.95 million job openings in September, little changed from August. The number of job openings decreased in arts, entertainment, and recreation and was little changed in all remaining industries and in all four regions. The number of job openings (NSA) increased over the year for total nonfarm and total private, and was little changed in government. Over the year, the number of job openings increased in several industries but decreased in nondurable goods manufacturing and federal government. The Midwest region experienced an increase in job openings over the 12 months ending in September. See the complete report at this link: USDOL-BLS

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• U.S. Regional and State Employment and Unemployment -- October 2013

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UNEMPLOYMENT Regional and state unemployment rates were little changed in October. Twenty-eight states had unemployment rate decreases from September, 11 states and the District of Columbia had increases, and 11 states had no change, the U.S. Bureau of Labor Statistics reported today. Thirty-eight states had unemployment rate decreases from a year earlier, 10 states and the District of Columbia had increases, and 2 states had no change. EMPLOYMENT Nonfarm payroll employment increased in 34 states, decreased in 15 states, and was unchanged in the District of Columbia and Pennsylvania. The largest over-the-month increases in employment occurred in Florida (+44,600), California (+39,800), and North Carolina (+22,200). The largest over-the-month decrease in employment occurred in Kentucky (-12,600), followed by Washington (-8,100), New Jersey (-5,500), and Virginia (-5,400). The largest over-the-month decrease in employment occurred in Michigan (-13,000), followed by Ohio (-12,800) and Oregon (-7,900). Source: USDOL-BLS

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• U.S. Local Area Personal Income - 2012

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Personal income growth slowed in 2012 in most of the nation’s 381 metropolitan statistical areas (MSAs). Personal income growth slowed in 311 MSAs, accelerated in 65 MSAs, and remained unchanged in 5 MSAs. On average, MSA personal income rose 4.2 percent in 2012, after growing 6.0 percent in 2011. Personal income growth ranged from 12.1 percent in Midland, Texas to -1.6 percent in Yuma, Arizona, one of only five MSAs where personal income declined in 2012. Inflation, as measured by the national price index for personal consumption expenditures, slowed to 1.8 percent in 2012 from 2.4 percent in 2011. See the complete report at this link: USDOC-BEA

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• U.S. Real* Average Hourly Earnings – October 2013

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Real average hourly earnings for all employees rose 0.2 percent from September to October, seasonally adjusted. This result stems from a 0.1 percent increase in average hourly earnings combined with a 0.1 percent decrease in the Consumer Price Index for All Urban Consumers (CPI-U). Real average hourly earnings rose 1.3 percent, seasonally adjusted, from October 2012 to October 2013. The increase in real average hourly earnings, combined with a 0.3 percent increase in the average workweek, resulted in a 1.5 percent increase in real average weekly earnings over this period. See the complete report at this link: 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.

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• U.S. Producer Price Index – October 2013

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The Producer Price Index for finished goods declined 0.2 percent in October, seasonally adjusted. Prices for finished goods fell 0.1 percent in September and rose 0.3 percent in August. At the earlier stages of processing, prices received by producers of intermediate goods declined 0.4 percent, and the crude goods index decreased 0.9 percent. On an unadjusted basis, prices for finished goods advanced 0.3 percent for the 12 months ended October 2013. See the complete report at this link: USDOL-BLS

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• U.S. Initial Unemployment Claims – 16 November 2013 [Jobless]

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In the week ending November 16, the advance figure for seasonally adjusted initial claims was 323,000, a decrease of 21,000 from the previous week's revised figure of 344,000. The 4-week moving average was 338,500, a decrease of 6,750 from the previous week's revised average of 345,250. The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending November 9, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending November 9 were in Alaska (4.9), Puerto Rico (4.0), Virgin Islands (3.8), New Jersey (3.0), Connecticut (2.8), Pennsylvania (2.7), California (2.6), Oregon (2.5), Arkansas (2.4), District of Columbia (2.4), Illinois (2.4), Nevada (2.4), and New York (2.4). The largest increases in initial claims for the week ending November 9 were in California (+4,737), New York (+2,853), Pennsylvania (+2,711), Michigan (+2,271), and New Jersey (+2,210), while the largest decreases were in Florida (-1,055), Kentucky (-580), Ohio (-409), Kansas (-169), and Puerto Rico (-144). Click on chart to enlarge Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS

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