• U.S. Job Openings, Hires, Turnover, Quits — July 2015

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• There were 6.197 million job openings [all data NSA] on the last business day of July, up 22.4% from the same month a year ago; the job openings rate was 4.2%.

• Hires were 5.417 million, down 0.8%% from July 2014; the hires rate was 3.8%.

• Total separations were 5.069 million up 0.8% in the last 12 months. This yielded a “turnover” rate of 3.6% for the month…an annual equivalent of 43.2%.

• Within total separations, the 3.085 million quits [up 5.8%] yielded a quit rate of 2.2% percent and 1.544 million layoffs and discharges [down 11.2%] yielded a rate of 1.1%.

[1] The job openings rate is the number of job openings on the last business day of the month as a percent of total employment plus job openings. [2] The hires rate is the number of hires during the entire month as a percent of total employment. [3] The total separations rate is the number of total separations during the entire month as a percent of total employment; includes quits. [4] The quits rate is the number of quits during the entire month as a percent of total employment; included in "total turnover."

Please visit this link to read the full report: USDOL-BLS

NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions.

© 2015 Connecticut Human Resource Reports, LLC

URL: http://connecticuthumanresources.blogspot.com/

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• U.S. Employer Costs for Employee Compensation — Q2 2015

Private industry employers spent an average of $31.39 per hour worked for employee compensation in June 2015. Wages and salaries averaged $21.82 per hour worked and accounted for 69.5 percent of these costs, while benefits averaged $9.56 and accounted for the remaining 30.5 percent.

Total compensation costs for state and local government workers averaged $44.22 per hour worked in June 2015. Total compensation costs for civilian workers, which include private industry and state and local government workers, averaged $33.19 per hour worked.

Please visit this link to read the full report: USDOL-BLS

NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions.

© 2015 Connecticut Human Resource Reports, LLC

URL: http://connecticuthumanresources.blogspot.com/

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• U.S. Consumer Credit – July 2015

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• Q1: In July, consumer credit increased at a seasonally adjusted annual rate of 6-3/4 percent. Revolving credit increased at an annual rate of 5-3/4 percent, while nonrevolving credit increased at an annual rate of 7 percent. See the complete report at this link: Federal Reserve *Note: Nonrevolving credit can be used only once, such as with a car loan or student loan. Revolving credit can be used multiple times, such as with a credit card.

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• CTDOL Recovers $6.1 Million in Wages Owed To Workers — FY Ended 30 June

“…the money includes nearly $1.5 million recovered after more than 2,300 complaints from workers that they hadn't been paid.

”Another $788,000 was recovered for workers who didn't get the required minimum wage or overtime….”

Please visit this link to read the full report: HartfordCourant

NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions.

© 2015 Connecticut Human Resource Reports, LLC

URL: http://connecticuthumanresources.blogspot.com/

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• U.S. Employment Situation — August 2015

Total nonfarm payroll employment increased by 173,000 in August. Job gains occurred in health care and social assistance and in financial activities. Manufacturing and mining lost jobs.

The unemployment rate edged down to 5.1 percent, and the number of unemployed persons edged down to 8.0 million. Over the year, the unemployment rate and the number of unemployed persons were down by 1.0 percentage point and 1.5 million, respectively.

Among the major worker groups, the unemployment rate for whites declined to 4.4 percent in August. The rates for adult men (4.7 percent), adult women (4.7 percent), teenagers (16.9 percent), blacks (9.5 percent), Asians (3.5 percent), and Hispanics (6.6 percent) showed little change in August.

Please visit this link to read the full report: USDOL-BLS

NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions.

© 2015 Connecticut Human Resource Reports, LLC

URL: http://connecticuthumanresources.blogspot.com/

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• U.S. Consumer Expenditures — 2014

Average expenditures per consumer unit in 2014 were $53,495, a 4.7-percent increase from 2013 levels. During the same period, the Consumer Price Index (CPI-U) rose 1.6 percent. In 2013, spending decreased 0.7 percent. Average pre-tax income per consumer unit increased at about the same pace as expenditures, up 4.8 percent from 2013.

Consumer units include families, single persons living alone or sharing a household with others but who are financially independent, or two or more persons living together who share expenses.

Most major components of household spending increased in 2014, as shown in table A. Many of the categories with large percentage increases in expenditures rebounded from declines in spending in 2013. The rise in healthcare expenditures was one of the largest increases among the major components.

Please visit this link to read the full report: USDOL-BLS

NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions.

© 2015 Connecticut Human Resource Reports, LLC

URL: http://connecticuthumanresources.blogspot.com/

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• U.S. Initial Unemployment Claims — 29 August 2015

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In the week ending August 29, the advance figure for seasonally adjusted initial claims was 282,000, an increase of 12,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 271,000 to 270,000. The 4-week moving average was 275,500, an increase of 3,250 from the previous week's revised average. The previous week's average was revised down by 250 from 272,500 to 272,250. The advance seasonally adjusted insured unemployment rate was 1.7 percent for the week ending August 22, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 22 was 2,257,000, a decrease of 9,000 from the previous week's revised level. The highest insured unemployment rates in the week ending August 15 were in Puerto Rico (3.7), New Jersey (3.0), Connecticut (2.7), Pennsylvania (2.6), Alaska (2.3), California (2.3), Rhode Island (2.3), Nevada (2.2), the Virgin Islands (2.2), and Massachusetts (2.1). The largest increases in initial claims for the week ending August 22 were in Pennsylvania (+1,875), New York (+832), Ohio (+461), Tennessee (+354), and Massachusetts (+311), while the largest decreases were in Kansas (-1,473), California (-1,302), Michigan (-1,103), Missouri (-421), and Kentucky (-403). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. See the complete report at this link: USDOL-BLS NOTE: This report is provided with the understanding that the publisher is not engaged in providing legal, financial, accounting or other professional advice. If professional assistance is required, the services of a competent professional should be sought. Furthermore, while we do our best to ensure that these data are accurate, we suggest that any entity making decisions based on these numbers should verify the data at their source prior to making such decisions. © 2015 Connecticut Human Resource Reports, LLC URL: http://connecticuthumanresources.blogspot.com/

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