02/25/2018

News

Real average hourly earnings increased 0.8 percent from January 2017 to January 2018

From January 2017 to January 2018, real average hourly earnings increased 0.8 percent, seasonally adjusted. The increase in real average hourly earnings combined with a 0.3-percent decrease in the average workweek resulted in a 0.4-percent increase in real average weekly earnings over the 12-month period.

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Gross job gains 7.3 million and gross job losses 6.7 million in the 1st quarter of 2017

From December 2016 to March 2017, gross job gains from opening and expanding private-sector establishments were 7.3 million, a decrease of 127,000 jobs over the quarter, the U.S. Bureau of Labor Statistics reported today. Over this period, gross job losses from closing and contracting private-sector establishments were 6.7 million, a decrease of 391,000 jobs from the previous quarter. The difference between the number of gross job gains and the number of gross job losses yielded a net employment gain of 654,000 jobs in the private-sector during the first quarter of 2017. (See tables A and 1.)

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Job openings (6.1 million), hires, and separations little changed in September

Job openings were little changed at 6.1 million on the last business day of September. Job openings have been at or near record high levels since June. Over the month, hires and separations were little changed at 5.3 million and 5.2 million, respectively.

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Compensation costs up 0.7% June 2017- Sept 2017 and up 2.5% over the year ending Sept 2017

Compensation costs increased 0.7 percent for civilian workers, seasonally adjusted, from June 2017 to September 2017. Over the year, compensation rose 2.5 percent, wages and salaries rose 2.5 percent, and benefits rose 2.4 percent. 

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Real average hourly earnings of production and nonsupervisory employees up 0.2 percent over the year

This increase in average hourly earnings stems from a 2.5-percent increase in average hourly earnings being offset by a 2.3-percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

The increase in real average hourly earnings combined with no change in the average workweek resulted in a 0.2-percent increase in real average weekly earnings over this period.

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Median weekly earnings of full-time wage and salary workers are $859 in 3rd quarter 2017

Median weekly earnings of the nation’s 114.9 million full-time wage and salary workers were $859 in the third quarter of 2017 (not seasonally adjusted). This was 3.9 percent higher than a year earlier, compared with a gain of 2.0 percent in the CPI-U. 

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Multifactor productivity trends, 2016

Private nonfarm business sector multifactor productivity decreased at a 0.2-percent annual rate in 2016, the U.S. Bureau of Labor Statistics
reported today. This 2016 decline reflected a 1.7-percent increase in output and a 1.9-percent increase in the combined inputs of capital and labor. Capital services grew by 2.4 percent and labor input–which is the combined effect of hours worked and labor composition–grew by 1.6 percent. This was the first decline in multifactor productivity growth since 2009. 

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Why This Counts: New Timely Data on Professional Certifications and Licenses

To learn more about who has professional certifications and licenses and how they fare in the labor market, we’ve added new questions to the Current Population Survey. That’s the monthly survey of about 60,000 households that we use to measure the U.S. labor force and unemployment rate.

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Union Members 2015

The union membership rate–the percent of wage and salary workers who were members of unions–was 11.1 percent in 2015, unchanged from 2014, the U.S. Bureau of Labor Statistics reported today. The number of wage and salary workers belonging to unions, at 14.8 million in 2015, was little different from 2014. . . Public-sector workers had a union membership rate (35.2 percent) more than five times higher than that of private-sector workers (6.7 percent).

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Los Angeles-Long Beach-Santa Ana had Highest Employment in Manufacturing Among Areas, July 2014

In July 2014, among metropolitan areas for which estimates are available, Los Angeles-Long Beach-Santa Ana, California, had the highest employment in manufacturing (510,900). In contrast, Fairbanks, Alaska, Laredo, Texas, and Punta Gorda, Florida, each had 700 workers employed in manufacturing.

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Business Employment Dynamics

Quarterly data of job gains (expansions and openings) and job losses (contractions and closing) by industry and by size of firm

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Labor Force Statistics from the Current Population Survey

US labor force, employment, and unemployment data

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State and Metro Area Employment, Hours, & Earnings

State and county labor force, employment, and unemployment data

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