 Private Industry: Total employer compensation costs for private industry workers averaged $29.99 per hour worked. Government: Total employer compensation costs for state and local government workers averaged $43.10 per hour. See the complete report at this link: USDOL-BLS |
11 June 2014
• U.S. Employer Costs For Employee Compensation – March 2014
10 June 2014
• U.S. Job Openings and Labor Turnover – April 2014
| There were 4.5 million job openings on the last business day of April, up from 4.2 million in March.
The hires rate (3.4 percent) and separations rate (3.3 percent) were unchanged in April. Within separations, the quits rate (1.8 percent) and the layoffs and discharges rate (1.2 percent) were unchanged in April. 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. See the complete report at this link: USDOL-BLS |
• U. S. Business Economists Forecast Wage Growth, Job Creation, and Unemployment
| Job Growth”Nonfarm payrolls are expected to post an average monthly gain of 209,000 in 2014, a marked improvement from the expectations of only 188,000 net new jobs in the March survey. The pace of job creation is expected to hold steady at 209,000 per month in 2015.
Unemployment: ”Likewise, the unemployment rate is expected to fall to an average of 6.2% in 2014 and decline further to 5.9% in 2015. Wages: ”Expectations for compensation growth are unchanged from the previous survey, with compensation per hour expected to rise at a 2.0% pace this year and 2.5% next year." See the complete report at this link: National Association for Business Economics |
07 June 2014
• “Inflexible Leave Policy is Fair, Lawful and Protects Disabled Employees, Says Tenth Circuit”
| ”The EEOC has sued numerous employers, alleging that their 'inflexible leave policies' were unlawful because they did not take into account the possibility of the employer’s providing additional leave as a reasonable accommodation. Those employers have agreed to pay, literally, millions of dollars to settle those cases. We have posted about those settlements. See here.
”But now, the U.S. Court of Appeals for the Tenth Circuit has not only rejected the idea that inflexible leave policies are inherently discriminatory….” Note: Case applies solely to the Tenth Circuit, and, there may be a lot more heard about this issue. See the complete report at this link: JacksonLewis.com |
06 June 2014
• U.S. Employment Situaton – May 2014
| Total nonfarm payroll employment rose by 217,000 in May, and the unemployment rate was
unchanged at 6.3 percent.. Employment
increased in professional and business services, health care and social assistance, food
services and drinking places, and transportation and warehousing.
Household Survey Data The unemployment rate held at 6.3 percent in May, following a decline of 0.4 percentage point in April. The number of unemployed persons was unchanged in May at 9.8 million. Over the year, the unemployment rate and the number of unemployed persons declined by 1.2 percentage points and 1.9 million, respectively. Among the major worker groups, the unemployment rates for adult men (5.9 percent), adult women (5.7 percent), teenagers (19.2 percent), whites (5.4 percent), blacks (11.5 percent), and Hispanics (7.7 percent) showed little or no change in May. The jobless rate for Asians was 5.3 percent (not seasonally adjusted), little changed from a year earlier. The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 3.4 million in May. These individuals accounted for 34.6 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has declined by 979,000. Establishment Survey Data Total nonfarm payroll employment increased by 217,000 in May, with gains in professional and business services, health care and social assistance, food services and drinking places, and transportation and warehousing. Over the prior 12 months, nonfarm payroll employment growth had averaged 197,000 per month. Professional and business services added 55,000 jobs in May, the same as its average monthly job gain over the prior 12 months. In May, the industry added 7,000 jobs each in computer systems design and related services and in management and technical consulting. Employment in temporary help services continued to trend up (+14,000) and has grown by 224,000 over the past year. In May, health care and social assistance added 55,000 jobs. The health care industry added 34,000 jobs over the month, twice its average monthly gain for the prior 12 months. Within health care, employment rose in May by 23,000 in ambulatory health care services (which includes offices of physicians, outpatient care centers, and home health care services) and by 7,000 in hospitals. Employment rose by 21,000 in social assistance, compared with an average gain of 7,000 per month over the prior 12 months. Within leisure and hospitality, employment in food services and drinking places continued to grow, increasing by 32,000 in May and by 311,000 over the past year. Transportation and warehousing employment rose by 16,000 in May. Over the prior 12 months, the industry had added an average of 9,000 jobs per month. In May, employment growth occurred in support activities for transportation (+6,000) and couriers and messengers (+4,000). Manufacturing employment changed little over the month but has added 105,000 jobs over the past year. Within the industry, durable goods added 17,000 jobs in May and has accounted for the net job gain in manufacturing over the past 12 months. Employment in other major industries, including mining and logging, construction, wholesale trade, retail trade, information, financial activities, and government, showed little change over the month. Wages and Hours The average workweek for all employees on private nonfarm payrolls was unchanged at 34.5 hours in May. The manufacturing workweek increased by 0.2 hour in May to 41.1 hours, and factory overtime was unchanged at 3.5 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged at 33.7 hours. In May, average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $24.38. Over the past 12 months, average hourly earnings have risen by 2.1 percent. In May, average hourly earnings of private-sector production and nonsupervisory employees increased by 3 cents to $20.54. See the complete report at this link: USDOL-BLS |
05 June 2014
• U.S. Initial Unemployment Claims – 31 May 2014
| In the week ending May 31, the advance figure for seasonally adjusted initial claims was 312,000, an increase of 8,000
from the previous week's revised level. The previous week's level was revised up by 4,000 from 300,000 to 304,000. The 4-week moving average was 310,250, a decrease of 2,250 from the previous week's revised average. This is the lowest level for this average since June 2, 2007 when it was 307,500. The previous week's average was revised up by 1,000 from 311,500 to 312,500. The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending May 24, unchanged from the previous week's unrevised rate. The highest insured unemployment rates in the week ending May 17 were in Alaska (4.3), Puerto Rico (3.0), California (2.9), New Jersey (2.9), Connecticut (2.8), Pennsylvania (2.8), Nevada (2.6), Illinois (2.5), Massachusetts (2.3), Oregon (2.2), Rhode Island (2.2), and Maryland (2.1). The largest increases in initial claims for the week ending May 24 were in New York (+1,347), Ohio (+966), Wisconsin (+669), Louisiana (+642), and Tennessee (+580), while the largest decreases were in Michigan (-6,683), Kansas (-2,093), Illinois (-1,407), Pennsylvania (-1,249), and California (-1,170). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. See the complete report at this link: USDOL-BLS |
04 June 2014
• U.S. Productivity and Labor Costs – Q1 2014
| Nonfarm business sector labor productivity decreased at a 3.2 percent annual
rate during the first quarter of 2014, as hours increased 2.2 percent and output decreased 1.1
percent. (All quarterly percent changes in this release are seasonally
adjusted annual rates.) The decrease in productivity was the largest since
the first quarter of 2008 (-3.9 percent). From the first quarter of 2013 to
the first quarter of 2014, productivity increased 1.0 percent as output and
hours worked rose 2.8 percent and 1.7 percent, respectively.
Unit labor costs in nonfarm businesses increased 5.7 percent in the first quarter of 2014, due to both the decline in productivity and a 2.3 percent increase in hourly compensation. Unit labor costs increased 1.2 percent over the last four quarters. See the complete report at this link: USDOL-BLS |
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