| Regional and state unemployment rates were generally lower in April. Forty-three
states had unemployment rate decreases, two states had increases, and five states
and the District of Columbia had no change.
As compared to 2013, forty-seven states and the District of Columbia had unemployment rate decreases from a year earlier, one state had an increase, and two states had no change. In April 2014, 13 states had statistically significant over-the-month changes in employment, all of which were increases. The largest statistically significant job gains occurred in Texas (+64,100), California (+56,100), and Florida (+34,000). As compared to 2013, 29 states had statistically significant changes in employment, all of which were positive. The largest over-the-year job increase occurred in Texas (+348,000), followed by California (+340,200) and Florida (+246,800). See the complete report at this link: USDOL-BLS |
16 May 2014
• U.S. Regional And State Employment And Unemployment - April 2014
15 May 2014
• U.S. Consumer Price Index – April 2014
| The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.0 percent
over the last 12 months to an index level of 237.072 (1982-84=100). For the month,
the index rose 0.3 percent prior to seasonal adjustment.
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 2.0 percent over the last 12 months to an index level of 233.443 (1982-84=100). For the month, the index rose 0.4 percent prior to seasonal adjustment. The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 1.8 percent over the last 12 months. For the month, the index rose 0.3 percent on a not seasonally adjusted basis. Please note that the indexes for the post-2012 period are subject to revision. The Consumer Price Index for May 2014 is scheduled to be released on Tuesday, June 17, 2014, at 8:30 a.m. (EDT). See the complete report at this link: SOURCEHERE |
• U.S. Real Earnings – April 2014
| Real average hourly earnings for all employees decreased 0.3 percent from March to April, seasonally
adjusted. This decrease stems from unchanged
average hourly earnings combined with a 0.3 percent increase in the Consumer Price Index for All Urban
Consumers (CPI-U).
Real average weekly earnings fell 0.3 percent over the month due to the 0.3 percent decrease in real average hourly earnings combined with an unchanged average workweek. Real average hourly earnings fell 0.1 percent, seasonally adjusted, from April 2013 to April 2014. The decrease in real average hourly earnings, combined with a 0.3 percent increase in the average workweek, resulted in a 0.2 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. |
• U.S. Initial Unemployment Claims – 10 May 2014
| In the week ending May 10, the advance figure for seasonally adjusted initial claims was 297,000, a decrease of 24,000
from the previous week's revised level. This is the lowest level for initial claims since May 12, 2007 when they were
297,000. The previous week's level was revised up by 2,000 from 319,000 to 321,000. The 4-week moving average was 323,250, a decrease of 2,000 from the previous week's revised average. The previous week's average was revised up by 500 from 324,750 to 325,250. The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending May 3, unchanged from the previous week's unrevised rate. The highest insured unemployment rates in the week ending April 26 were in Alaska (4.6), New Jersey (3.3), Puerto Rico (3.2), California (3.1), Connecticut (3.0), Rhode Island (3.0), Pennsylvania (2.9), Nevada (2.8), Illinois (2.7), and Massachusetts (2.7). The largest increases in initial claims for the week ending May 3 were in Pennsylvania (+1,403), Texas (+1,147), Illinois (+646), Iowa (+540), and Maryland (+500), while the largest decreases were in New York (-20,637), California (-3,713), New Jersey (-2,565), Connecticut (-1,609), and Massachusetts (-1,277). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. See the complete report at this link: USDOL-BLS |
14 May 2014
• U.S. Producer Price Index – April 2014
| The Producer Price Index for final demand advanced 0.6 percent in April, seasonally adjusted. This increase followed a rise of 0.5 percent in
March and a decline of 0.1 percent in February. On an unadjusted basis, the index for final demand moved up 2.1 percent for the 12 months ended in April, the largest 12-month advance since a 2.4-percent increase in March 2012 See the complete report at this link: USDOL-BLS |
13 May 2014
• “New Model COBRA Notices Should be Used by U.S. Employers”
| ”The U.S. Department of Labor has published a new model general COBRA notice and a new model election COBRA notice. The new model notices reflect that coverage is available in the public health insurance exchanges, i.e., the 'Marketplace,' and include information on special enrollment rights in the Marketplace. "Use of these model notices, properly completed, will be considered good faith compliance with the notice content requirements of COBRA…. See the complete report at this link: JacksonLewis.com The Departments of Labor, Health and Human Services, and Treasury are also publishing frequently asked questions related to the proposed changes to model notices. The FAQs are posted on the Department of Labor website at http://www.dol.gov/ebsa/faqs/faq-aca19.html and the HHS website at http://www.cms.gov/CCIIO/Resources/Fact-Sheets-and-FAQs/aca_implementation_faqs19.html. In addition, HHS is publishing a clarifying bulletin regarding a special enrollment period in the Marketplace for individuals already enrolled in COBRA continuation coverage. The bulletin is posted on the HHS website at http://www.cms.gov/CCIIO/Resources/Regulations-and-Guidance/Downloads/SEP-and-hardship-FAQ-5-1-2014.pdf. The updated model notices are posted on the Department of Labor website at http://www.dol.gov/ebsa/modelgeneralnotice.doc and http://www.dol.gov/ebsa/modelelectionnotice.doc. A related notice of proposed rulemaking on the COBRA notice requirements will be published in the May 7 edition of the Federal Register. The notice of proposed rulemaking can also be viewed here. |
09 May 2014
• U.S. Job Openings & Labor Turnover – March 2014
|
Note: As compared to March 2013, March 2014 job openings were up 3.5%, hires were up 7.6%, total turnover was up 7.4%, quits up 18.8%, and layoffs & discharges down 10.3% (all the foregoing NSA). The USDOL's summary, which is less than illuminating, commences here:
Job Openings: There were 4.0 million job openings in March, little changed from 4.1 million in February. The number of job openings (not seasonally adjusted) was little changed over the year ending in March for total nonfarm, total private, and government. Over the year, the job openings level increased in three industries and decreased in three industries. Hires: There were 4.6 million hires in March, little changed from 4.7 million in February. Over the 12 months ending in March, the number of hires (not seasonally adjusted) increased for total nonfarm and total private and was little changed for government. The hires level increased over the year in four industries and decreased in construction. Separations: There were 4.4 million total separations in March, little changed from February. The number of total separations was essentially unchanged for total private and government. In March, the quits rate was unchanged at 1.8 percent for total nonfarm. The number of quits (not seasonally adjusted) increased over the 12 months ending in March for total nonfarm and total private. The quits level was little changed in government. The layoffs and discharges rate was little changed in March at 1.1 percent. The layoffs and discharges level (not seasonally adjusted) was little changed over the 12 months ending in March for total nonfarm, total private, and government. The number of layoffs and discharges increased in mining and logging and information but decreased in other services and federal government. See the complete report at this link: USDOL-BLS |
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