| 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 0.1 percent in the first quarter (that is, from
the fourth quarter of 2013 to the first quarter of 2014). In the fourth quarter, real GDP increased 2.6 percent.
This first-quarter advance estimate is based on source data that are incomplete or subject to further revision. The second estimate for the first quarter, based on more complete data, will be released on May 29, 2014. The increase in real GDP in the first quarter primarily reflected a positive contribution from personal consumption expenditures (PCE) that was partly offset by negative contributions from exports, private inventory investment, nonresidential fixed investment, residential fixed investment, and state and local government spending. Imports, which are a subtraction in the calculation of GDP, decreased. See the complete report at this link: USDOC-BEA |
30 April 2014
• U.S. Gross Domestic Product - Q1 2014
• U.S. Employment Cost Index - March 2014
| Civilian Workers: Compensation costs for civilian workers increased 1.8 percent for the 12-month period ending March
2014. In March 2013, the increase in compensation costs was 1.9 percent. Prior values for this series,
which began in June 1982, ranged from 1.4 percent to 7.5 percent. Wages and salaries increased
1.6 percent for the 12-month period ending March 2014, unchanged from March 2013. Benefit costs
increased 2.1 percent for the 12-month period ending March 2014, compared with a 2.4 percent increase
for the 12-month period ending March 2013.
Private Industry Workers: Compensation costs for private industry workers increased 1.7 percent over the year. In March 2013 the increase was 1.9 percent. Wages and salaries increased 1.7 percent for the current 12-month period ending March 2014, unchanged from March 2013. The increase in the cost of benefits was 1.8 percent for the 12-month period ending March 2014. In March 2013, the increase in the cost of benefits was 2.0 percent. Employer costs for health benefits increased 2.4 percent over the year. In March 2013 the increase was 3.0 percent. State and Local Government Workers: Compensation costs for state and local government workers increased 1.9 percent for the 12-month period ending March 2014, unchanged from March 2013. Wages and salaries increased 1.2 percent for the 12-month period ending March 2014, compared with 1.0 percent in March 2013. Benefit costs increased 3.0 percent in March 2014. In March 2013, the increase was 3.5 percent. See the complete report at this link: USDOL-BLS |
29 April 2014
• U.S. Metropolitan Area Employment And Unemployment - March 2014
| Unemployment rates were lower in March than a year earlier in 333 of the 372
metropolitan areas, higher in 30 areas, and unchanged in 9 areas. Twenty-five areas had jobless rates
of at least 10.0 percent and 59 areas had rates of less than 5.0 percent.
Two hundred ninety-nine metropolitan areas had over-the-year increases in nonfarm payroll employment, 59 areas had decreases, and 14 areas had no change. The national unemployment rate in March was 6.8 percent, not seasonally adjusted, down from 7.6 percent a year earlier. See the complete report at this link: USDOL-BLS |
25 April 2014
• Employment Characteristics of U.S. Families - 2013
| The number of families with at least one member unemployed decreased to 7.7 million in
2013 from 8.4 million in 2012. The proportion of families with an unemployed member
decreased to 9.6 percent in 2013. Black and Hispanic families remained more likely to have an unemployed member in 2013 (16.0 percent and 12.9 percent, respectively) than white and Asian families (8.5 percent and 7.8 percent, respectively). See the complete report at this link: USDOL-BLS |
24 April 2014
• U.S. Real Personal Income for States and Metropolitan Areas - 2008-2012
| Real personal income across all regions rose by an average of 2.3% in 2012. Growth in real state personal income ranged from a decline of 1.2% in South Dakota to an increase of 15.1% in North Dakota. Growth in real metropolitan area personal income ranged from a decline of 3.8% in Kennewick-Richland, WA to an increase of 10.2% in Odessa, TX. See the complete report at this link: USDOC-BEA |
• U.S. Initial Unemployment Claims – 19 April 2014
| In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000
from the previous week's revised level. The previous week's level was revised up by 1,000 from 304,000 to 305,000. The 4-week moving average was 316,750, an increase of 4,750 from the previous week's unrevised average of 312,000. The advance seasonally adjusted insured unemployment rate was 2.0 percent for the week ending April 12, a decrease of 0.1 percent from the previous week's unrevised rate of 2.1 percent. The highest insured unemployment rates in the week ending April 5 were in Alaska (4.9), New Jersey (3.6), Connecticut (3.3), Illinois (3.3), Pennsylvania (3.2), Puerto Rico (3.2), California (3.1), Rhode Island (3.1), Massachusetts (3.0), Maine (2.8), Nevada (2.8), and Wisconsin (2.8). The largest increases in initial claims for the week ending April 12 were in California (+9,213), Michigan (+2,900), Pennsylvania (+2,618), Texas (+1,792), and Indiana (+1,723), while the largest decreases were in Oregon (-2,244), Georgia (-1,602), Ohio (-1,007), Massachusetts (-615), and Illinois (-571). Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. See the complete report at this link: USDOL-BLS |
22 April 2014
• U.S. College Enrollment and Work Activity of 2013 High School Graduates
| Of the nearly 3.0 million youth age 16 to 24 who graduated from high school between
January and October 2013, about 2.0 million (65.9 percent) were enrolled in college
in October. The college enrollment rate of recent high school graduates in October
2013 was little different from the rate in October 2012 (66.2 percent).
For 2013 graduates, the college enrollment rate was 68.4 percent for young women and 63.5 percent for young men. The college enrollment rate of Asians (79.1 percent) was higher than the rates for recent white (67.1 percent), black (59.3 percent), and Hispanic (59.9 percent) graduates. See the complete report at this link: USDOL-BLS |
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