• U.S. Initial Unemployment Claims – 21 December 2013

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In the week ending December 21, the advance figure for seasonally adjusted initial claims was 338,000, a decrease of 42,000 from the previous week's revised figure of 380,000. The 4-week moving average was 348,000, an increase of 4,250 from the previous week's revised average of 343,750. The advance seasonally adjusted insured unemployment rate was 2.2 percent for the week ending December 14, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending December 14 were in Alaska (5.3), Puerto Rico (3.8), Pennsylvania (3.5), California (3.3), Connecticut (3.1), Montana (3.1), West Virginia (3.1), Illinois (2.8), Oregon (2.8), and Wisconsin (2.8). The largest increases in initial claims for the week ending December 14 were in California (+4,622), Illinois (+3,686), Massachusetts (+2,331), Ohio (+1,529), and Indiana (+1,473), while the largest decreases were in New York (-12,706), Pennsylvania (-10,866), Georgia (-8,340), Texas (-4,904), and Wisconsin (-4,821). Click on chart to enlarge 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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• U.S. Personal Income And Outlays - November 2013

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Personal income increased $30.1 billion, or 0.2 percent, and disposable personal income (DPI) increased $16.2 billion, or 0.1 percent in November. Personal consumption expenditures (PCE) increased $63.0 billion, or 0.5 percent. In October, personal income decreased $11.7 billion, or 0.1 percent, DPI decreased $25.6 billion, or 0.2 percent, and PCE increased $44.2 billion, or 0.4 percent, based on revised estimates. Real disposable personal income increased 0.1 percent in November, in contrast to a decrease of 0.2 percent in October. Real PCE increased 0.5 percent in November, compared with an increase of 0.4 percent in October. See the complete report at this link: USDOC-BEA

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• U.S. Payrolls – November 2013

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Private wages and salaries increased $26.1 billion in November, compared with an increase of $9.9 billion in October. Goods producing industries' payrolls increased $8.3 billion, compared with an increase of $1.4 billion; manufacturing payrolls increased $4.8 billion, compared with an increase of $1.5 billion. Services-producing industries' payrolls increased $17.8 billion, compared with an increase of $8.6 billion. Government wages and salaries increased $1.0 billion, in contrast to a decrease of $0.1 billion. See the complete report at this link: USDOC-BEA

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

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UNEMPLOYMENT Regional and state unemployment rates were generally lower in November. Forty-five states and the District of Columbia had unemployment rate decreases from October and five states had no change. Forty-two states had unemployment rate decreases from a year earlier, seven states and the District of Columbia had increases, and one state had no change. EMPLOYMENT 14 states had statistically significant over-the-month changes in employment, all of which were increases. The largest statistically significant job gains occurred in California (+44,300), Texas (+28,700), and Indiana (+25,200). Over the year, 33 states had statistically significant changes in employment, all of which were positive. The largest over-the-year job increase occurred in Texas (+274,200), followed by California (+226,200) and Florida (+183,100). See the complete report at this link: USDOL-BLS

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• U.S. GDP 3rd Estimate – Q3 2013

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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 4.1 percent in the third quarter of 2013 (that is, from the second quarter to the third quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.5 percent. The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued on December 5, 2103. In the second estimate, the increase in real GDP was 3.6 percent (see "Revisions" on page 3). With this third estimate for the third quarter, increases in personal consumption expenditures (PCE) and in nonresidential fixed investment were larger than previously estimated. The increase in real GDP in the third quarter primarily reflected positive contributions from private inventory investment, PCE, nonresidential fixed investment, exports, residential fixed investment, and state and local government spending that were partly offset by a negative contribution from federal government spending. Imports, which are a subtraction in the calculation of GDP, increased. The acceleration in real GDP growth in the third quarter primarily reflected an acceleration in private inventory investment, a deceleration in imports, and accelerations in state and local government spending and in PCE that were partly offset by a deceleration in exports. See the complete report at this link: USDOC-BEA

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• U.S. Personal Income by State – September 2013

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State personal income growth slowed slightly to 1.1 percent in the third quarter of 2013, from 1.2 percent in the second quarter. Growth slowed in 25 states, accelerated in 22, and was unchanged in 3 states and the District of Columbia. Growth across states ranged from 0.4 percent in New Mexico to 1.9 percent in Mississippi. The national price index for personal consumption expenditures increased 0.5 percent in the third quarter after remaining unchanged in the second quarter. See the complete report at this link: USDOC-BEA

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• U.S. Employment Projections: 2012-2022

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Occupations and industries related to healthcare are projected to add the most new jobs between 2012 and 2022. Total employment is projected to increase 10.8 percent, or 15.6 million, during the decade. See the complete report at this link: USDOL-BLS

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