The economy has added almost half a million jobs in the first two months of 2017, the best back-to-back performance since last summer.
The U.S. has expanded steadily for years, putting millions of people back to work and driving unemployment rate to an eight-year low.
As the pool of available workers shrinks, companies have to pay more to attract or maintain talent. Average wages rose 0.2% to $26.09 an hour last month.
• U.S. adds 211,000 new jobs in April evidence that the economy is still growing at a healthy clip
• The unemployment rate fell to 4.4% low, last seen in May 2007
• The labor force participation rate ticked down slightly to 62.9% from 63.0% in March
• The size of the labor force expanded by 12,000 people
• 1st-quarter GDP increased to an annual rate of 0.7%, slowest growth in 3 years
• Average wages rose 0.3% to $26.19 an hour last month as companies pay more to attract or maintain talent
• U.S. adds 211,000 new jobs in April evidence that the economy is still growing at a healthy clip
• The unemployment rate fell to 4.4% low, last seen in May 2007
• The labor force participation rate ticked down slightly to 62.9% from 63.0% in March
• The size of the labor force expanded by 12,000 people
• 1st-quarter GDP increased to an annual rate of 0.7%, slowest growth in 3 years
• Average wages rose 0.3% to $26.19 an hour last month as companies pay more to attract or maintain talent
Minneapolis–St. Employment Update | December 2015Carolyn Bates
The local unemployment rate of 2.9% has hit its lowest point since 2001. Coupled with year-over-year labor force growth of 34.2 thousand jobs, Minneapolis-St. Paul currently has one of the strongest economies of any major metro in the United States.
As is typically the case, MSP’s office-using sectors dominated hiring by taking 48.0 percent of the 12-month total employment growth, while the industrial sectors experienced a loss of 1.8 percent.
At the national level, monthly growth of 211,000 jobs over the course of November represented the second consecutive month of rebound after a slowdown in mid-2015. At the current rate of growth, a mid-to-late-2016 timeframe seems likely for the first stage of tightening.
This presentation will discuss the employment and job market for Canada. The following are the areas of focus:
1. Manufacturing
2. Natural Resources
3. Retail and Wholesale Trade
4. Government jobs
5. Economic Growth
6. Infrastructure Spending
7. Social program spending
8. Power Generation
9. Economic Stimulus
10. Capital Investment
February 2018 Economic Update
Q4 GDP: 2.6%
Unemployment Rate: 4.1% (unchanged)
Nonfarm Payroll: +200,000 jobs
Nonfarm Payroll Revisions:
November was revised down from +252,000 to +216,000
December was revised up from +148,000 to +160,000
Combined revisions were 24,000 less than previously reported
After revisions, job gains have averaged 192,000 over the last 3 months.
DCR Trendline November 2013 – Contingent Worker Forecast and Supply Reportss
Heading into the end of the year, after a month full of economic uncertainty and fogginess, TrendLine brings you key insights into the temporary staffing industry. Our up-to-date research and in-depth analysis of industry trends ensure that you have a clear reading of what is happening in the world of contingent worker supply and demand.
Inside this issue:
1. DCR National Temp Wage Index
2. The Government Shutdown: A Crisis for Federal Workers
3. Temp Workers: Just in Time Workforce
4. In Lieu of the Jobs Report…
5. Temp Hiring to Grow in Q4
6. World Watch
6th edition of Collection of Essays on Development and Investment Opportuniti...Gabriel Prado de Barros
This is to share with you the 6th Edition of "Collection of Essays on Development and Investment Opportunities in Brazil", primarily dedicated to Korean companies either already investing in Brazil or willing to invest in Brazil.
In this edition, I am flattered to be one of the content contributors to the article “ Logistics - a nation's sustainable economic growth factor".
Minneapolis–St. Employment Update | December 2015Carolyn Bates
The local unemployment rate of 2.9% has hit its lowest point since 2001. Coupled with year-over-year labor force growth of 34.2 thousand jobs, Minneapolis-St. Paul currently has one of the strongest economies of any major metro in the United States.
As is typically the case, MSP’s office-using sectors dominated hiring by taking 48.0 percent of the 12-month total employment growth, while the industrial sectors experienced a loss of 1.8 percent.
At the national level, monthly growth of 211,000 jobs over the course of November represented the second consecutive month of rebound after a slowdown in mid-2015. At the current rate of growth, a mid-to-late-2016 timeframe seems likely for the first stage of tightening.
This presentation will discuss the employment and job market for Canada. The following are the areas of focus:
1. Manufacturing
2. Natural Resources
3. Retail and Wholesale Trade
4. Government jobs
5. Economic Growth
6. Infrastructure Spending
7. Social program spending
8. Power Generation
9. Economic Stimulus
10. Capital Investment
February 2018 Economic Update
Q4 GDP: 2.6%
Unemployment Rate: 4.1% (unchanged)
Nonfarm Payroll: +200,000 jobs
Nonfarm Payroll Revisions:
November was revised down from +252,000 to +216,000
December was revised up from +148,000 to +160,000
Combined revisions were 24,000 less than previously reported
After revisions, job gains have averaged 192,000 over the last 3 months.
DCR Trendline November 2013 – Contingent Worker Forecast and Supply Reportss
Heading into the end of the year, after a month full of economic uncertainty and fogginess, TrendLine brings you key insights into the temporary staffing industry. Our up-to-date research and in-depth analysis of industry trends ensure that you have a clear reading of what is happening in the world of contingent worker supply and demand.
Inside this issue:
1. DCR National Temp Wage Index
2. The Government Shutdown: A Crisis for Federal Workers
3. Temp Workers: Just in Time Workforce
4. In Lieu of the Jobs Report…
5. Temp Hiring to Grow in Q4
6. World Watch
6th edition of Collection of Essays on Development and Investment Opportuniti...Gabriel Prado de Barros
This is to share with you the 6th Edition of "Collection of Essays on Development and Investment Opportunities in Brazil", primarily dedicated to Korean companies either already investing in Brazil or willing to invest in Brazil.
In this edition, I am flattered to be one of the content contributors to the article “ Logistics - a nation's sustainable economic growth factor".
6ª edição da Coleção de Ensaios sobre Desenvolvimento e Oportunidades de Inve...Gabriel Prado de Barros
Gostaria de compartilhar com vocês a 6ª edição da "Collection of Essays on Development and Investment Opportunities in Brazil” (Coleção de Ensaios sobre Desenvolvimento e Oportunidades de Investimento no Brasil), dedicada principalmente a empresas coreanas, já investindo no Brasil ou dispostas a investir no Brasil.
Nesta edição, sinto-me lisonjeado por ser um dos contribuintes de conteúdo com o artigo "Logística - o fator de crescimento econômico sustentável de uma nação".
Cyberfenix: o local da Internet rápida e poderosaLuiz Felipe
Minha primeira apresentação criada no Powerpoint, em meados de Abril/Maio de 2015, com um projeto de criação de um cybercafé.
Fontes originais do trabalho: Bauhaus 93 (logo) e Frankling Gothic (textos)
As per Companies Act, 1956 :
Holding Company: A holding company is a parent company that owns enough voting stock(more than 50%) in a subsidiary to make management decisions , influence and contorl the company's board of directors
DCR TrendLine July 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The July edition covers a range of topics, including the latest employment figures from the Bureau of Labor Statistics and the growing utilization of temporary workers across multiple industries. This month’s edition focuses on the Information Technology (IT) industry, highlight trends in the sector and sharing insight into employment and wages. We examine the skill gap in the industry and discuss how companies are attempting to bridge it. We also highlight how predictive analytics are being applied in human resource management and which talent acquisition metrics companies should be tracking. Our feature article this month is particularly applicable to companies with contingent workforce programs. We look at the challenges companies often face, and offer tips on keeping CW programs running smoothly.
This presentation will look employment by sector. The January 2017 employment number showed an increase in jobs, but many of those jobs were still part-time
This presentation will let people of what is happening in the labour market for Canada.
DCR TrendLine September 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The September edition covers a range of topics, including the latest employment numbers from the Bureau of Labor Statistics and worker satisfaction with their wages. This month’s edition focuses on some topics gaining a lot of attention lately such as workplace flexibility, the upcoming global labor shortage, and the top metro cities with job opportunities for contingent workers. Be sure to keep an eye out for our quarterly feature – “What’s Trending in the Temp Market” – to see the hottest trends for Q3. September is back-to-school month in many U.S. cities, and to commemorate the start of the new school year, our monthly industry highlight is on education services. We also follow-up on last month’s article about Generation Z by providing tips for employers to engage and manage these workers. Our feature article this month looks at one of the biggest buzzwords for companies – global. We discuss how HR can be organized and designed to better meet the global objectives of companies, while still taking local actions.
Visit the DCR TrendLine portal at http://trendline.dcrworkforce.com to easily access all of our current and previous analyses, and view comprehensive charts of real-time trends.
This presentation looks at labour participation in Canada. The presentation discusses labour issues facing the various demographics including 15-64 age group.
The presentation will also discuss the millennials as part of the issues facing the millennials as they are enter the workforce.
November 2016 U.S. employment update and outlookJLL
October's 161,000 net new jobs missed expectations, but unemployment still dropped to 4.9 percent, as signs point to a potential interest rate hike in December.
July saw the labor market add 157,000 net new jobs, slower than growth in recent months but still positive and healthy overall. A 13,000-job contraction in government employment, combined with a 5,000 financial activities jobs lost in net terms, were partially responsible for this slowdown. At the same time, sustained talent shortages across markets continue to keep growth more volatile than normal.
Data and trends from the Bureau of Labor Statistics. Reflective of the "Employment Situation" report for the month of September. Released October 2, 2015.
Total nonfarm payroll employment increased by 128,000 jobs in October. Job growth has averaged 167,000 per month thus far in 2019, compared with an average monthly gain of 223,000 in 2018. Employment declined in motor vehicles and parts manufacturing due to strike activity. Federal government employment was also down, reflecting a drop in the number of temporary jobs for the 2020 Census.
DCR TrendLine shares analyses of trends and happenings in the non-employee workforce industry. The April edition looks at the growing talent management software market and employment in the technology sector. We continue our global series on the ASEAN region by looking at talent trends in the Philippines, and also examine which countries around the world are the most worker-friendly. We explain the debate on if the U.S. economy is at full employment, and throw light on the current situation of the economy. Our feature article discusses the usage of talent analytics and delves into some common myths about big data and metrics. Finally, we reveal which industry in the country has the happiest workers.
DCR National Temp Wage Index
Full Employment: Jobs vs. Inflation
Best Practices in Recruiting for 2015
Changes in the Talent Management Software Market
Industry Highlight: Technology Index
The Philippines – Poised For Growth Through BPO
The World’s Most Worker-Friendly Countries
Measure What Matters
The Happiest Industries
US employment rate data and trends – December 2016 JLL
A muted December capped off a slower, more inconsistent 2016. Job creation over the course of 2016 totaled nearly 2.2 million jobs, a 21.4-percent lower figure than the more than 2.7 million jobs created in 2015. Monthly gains averaged 180,000 vs. the 229,000 in 2015, largely as a result of talent shortages in major markets.
We are officially at the mid-point of the year, and the labor market is still holding up strong. In June 2018, the U.S. Bureau of Labor Statistics added 213,000 jobs, beating economists projections of 195,000 jobs. The Bureau also reported revised job gains for April and May of this year. April's gains increased from 159,000 added jobs to 175,000 jobs and May's jobs improved from 223,000 jobs added to 244,000. This is a net increase of 37,000 jobs for April and May combined. Over the past three months, job gains avered a whopping 211,000 jobs.
DCR Trendline October 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The October edition covers a range of topics, including the latest employment numbers from the Bureau of Labor Statistics and the continued growth of temporary employment. October is one of the most exciting months for sports fans, and it’s only fitting that this edition’s industry highlight is centered on sports-related employment. Our other areas of focus include how the definition and image of employees has progressed over the past decade, the increasing use of social media for recruiting, and on the value of talent supply chain management in meeting organizational talent needs. Our feature article this month is particularly applicable to companies with contingent workforce programs. We look at how vendor management systems can help companies fulfill the priorities and requirements of multiple stakeholders while meeting the shared single goal of eliminating complexity to increase operational effectiveness. - See more at: http://blog.dcrworkforce.com/dcr-trendline-october-2014#sthash.jW1AtNaQ.dpuf
2. Growth has averaged about 2% a year since 2010, fueled by a surge in hiring that has
reduced the unemployment rate to an eight-year low
U.S. LABOR MARKET UPDATE
• U.S. adds 235,000 new jobs in February signaling steady growth ahead
• The unemployment rate dipped slightly to 4.7% mostly because more people were looking for work
and fewer people gave up looking for work
• The labor force participation rate ticked up slightly to 63.0%
• The size of the labor force was increased by 340,000 people
• 4th-quarter GDP slowed to an annual rate of 1.9%, primarily due to a wider trade deficit
• Average wages rose 0.2% to $26.09 an hour last month as companies pay more to attract or
maintain talent
3. U.S. JOB REPORT HEADLINES: FEB 2017
“America's Labor Market Is Getting Better by Almost Any Measure”
– Bloomberg
“President Trump's First Jobs Report Crushes Expectations”
– Business Insider
“US created 235,000 jobs in Feb, vs 190,000 expected”
- CNBC
“Strong job growth makes Fed rate hike almost certain”
- USA Today
“Steady U.S. Job Growth Sets Stage for Fed to Raise Interest Rates”
- New York Times
“US added 235K jobs in February, making Fed rate hike likely”
- Washington Post
4. U.S. CURRENT EMPLOYMENT SITUATION: FEB 2017
Change from January 2017
Total non-farm payroll: +235,000
Private-sector payroll: +227,000
• Construction +58K
• Professional/Business Services +37K
• Manufacturing +28K
• Healthcare +27K
• Leisure/Hospitality +26K
• Transportation +9K
• Finance +7K
• Retail -26K
Temporary Help: +3,000
Government: +8,000
160MM IN THE U.S. WORKFORCE
7.5MM UNEMPLOYED PEOPLE IN THE U.S.
5.5MM AVAILABLE JOBS IN THE U.S.
+1.9% U.S. GDP IN Q4 2016 (Second Estimate)
63.0% U.S. LABOR PARTICIPATION RATE
4.7% U.S. UNEMPLOYMENT RATE
5. U.S. CIVILIAN WORKFORCE
In February 2017, the number of people in
the U.S. who had jobs or were seeking
employment amounted to 160.1 million;
an increase of 340,000 (+0.2%) from
January and remained higher than the
year prior, an increase of 1.2 million
(+0.7%).
The size of the labor force has increased
by 226,000 people in the past five months.
The Labor Force (aka Workforce) is the
sum of employed and unemployed persons
in the U.S.
Source: Bureau of Labor Statistics
6. U.S. UNEMPLOYED WORKFORCE
The U.S. unemployment dipped to 4.7% in
February 2017. The unemployment rate
peaked in October 2009 at 10.0% and is
now 5.3 percentage points lower.
The number of unemployed people in the
U.S. is now 7,528,000 a decrease of
107,000 (-1.4%) from January and lower
than the year prior, a decrease of 317,000
(-1.4%).
Source: Bureau of Labor Statistics
7. U.S. EMPLOYMENT (NON-FARM)
The U.S. created 235,000 new jobs in
February 2017 (+0.2%) from January. Job
creation reflects the 77th consecutive
month of job gains. Over the year jobs
increased by 2.3 million (+1.6%)
The US has added an average of 196,000
jobs each month over the past 12-months.
New jobs increased by 916,000 jobs in the
past five months.
Source: Bureau of Labor Statistics
8. U.S. TEMPORARY HELP EMPLOYMENT
Source: Bureau of Labor Statistics
There were nearly 3.0 million temporary help jobs
in the U.S. in February 2017. The number of
persons employed in U.S. temporary help jobs
increased by 3,100 (+0.1%) jobs over the month
and rose by 91,000 (+3.2%) from the year prior.
Temporary help services employment has
traditionally been viewed as a leading economic
indicator to overall employment or the general
economy.
The temporary help services industry is the
largest component of the staffing industry and is
comprised of companies that employ workers to
do temporary work on the premises of, and under
the supervision of, customers.
9. U.S. JOB OPENINGS
There were 5.5 million job openings on the last
business day of December 2016, a slight decrease
of 4,000 jobs (-0.1%). Job openings rose by
220,000 jobs (+4.2%) since the year prior.
The number of quits was little changed in
December at about 3.0 million. The quits rate
dipped from 2.1% to 2.0%.
The quits rate is a proxy for worker confidence as
willingness to leave a job usually indicates a
better job is on the horizon.
Source: Bureau of Labor Statistics
UPDATE/DELETE
10. U.S. LABOR PARTICIPATION RATE
The U.S. labor force participation ticked up
to 63.0% in February. The participation
rate peaked in 2000 at 67.3%.
Participation was at a post-peak low of
62.4% in September 2015 and is currently
0.6 percentage points higher.
The participation rate measures the active
portion of the labor force; the number of
people who are either employed or are
actively looking for work.
Source: Bureau of Labor Statistics
11. U.S. GDP
The U.S. Real GDP was $16,804.1 billion in
the fourth quarter of 2016. Real GDP
increased at an annual rate of 1.9%
(second estimate), down from an increase
of 3.5% in the third quarter but up from
0.9% a year ago.
Real GDP is the value of the goods and
services produced by the nation’s economy
less the value of the goods and services
used up in production, adjusted for price
changes.
Source: Bureau of Economic Analysis
12. U.S. AVERAGE HOURLY EARNINGS
Source: Bureau of Labor Statistics
Average hourly earnings increased +0.2% to
$26.09 an hour in February pushing the annual
gain in 2016 to 2.8%.
Average Hourly Earnings is the average amount
employees make per hour in a given month. In
other words, it the price businesses pay for labor.
The Federal Reserve uses average hourly
earnings in deciding whether to raise or lower
interest rates.
13. U.S. BEVERIDGE CURVE
Job openings continue to climb, yet
unemployment remains higher than pre-
recession levels.
In December 2016, the job openings rate was
3.6% and the unemployment rate was 4.7%.
The job openings rate corresponds to a higher
unemployment rate than it did before the most
recent recession.
From 2010 to today, nearly each month’s point
moved up and to the left as the job openings
rate increased and the unemployment rate
decreased.
Source: Bureau of Labor Statistics
Editor's Notes
The economy has added almost half a million jobs in the first two months of 2017, the best back-to-back performance since last summer.
The U.S. has expanded steadily for years, putting millions of people back to work and driving unemployment rate to an eight-year low.
As the pool of available workers shrinks, companies have to pay more to attract or maintain talent. Average wages rose 0.2% to $26.09 an hour last month.
News Release: http://www.bls.gov/news.release/empsit.nr0.htm
Schedule: Monthly, FIRST FRIDAY OF MONTH
Total nonfarm payroll employment increased by 235,000 in February, and the unemployment rate was little changed at 4.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in construction, private educational services, manufacturing, health care, and mining.
In February, construction employment increased by 58,000, with gains in specialty trade contractors (+36,000) and in heavy and civil engineering construction
(+15,000). Construction has added 177,000 jobs over the past 6 months.
Employment in private educational services rose by 29,000 in February, following little change in the prior month (-5,000). Over the year, employment in the
industry has grown by 105,000.
Manufacturing added 28,000 jobs in February. Employment rose in food manufacturing (+9,000) and machinery (+7,000) but fell in transportation equipment (-6,000). Over the past 3 months, manufacturing has added 57,000 jobs.
Health care employment rose by 27,000 in February, with a job gain in ambulatory health care services (+18,000). Over the year, health care has added an average
of 30,000 jobs per month.
Employment in mining increased by 8,000 in February, with most of the gain occurring in support activities for mining (+6,000). Mining employment has risen by 20,000 since reaching a recent low in October 2016.
Employment in professional and business services continued to trend up in February (+37,000). The industry has added 597,000 jobs over the year.
Retail trade employment edged down in February (-26,000), following a gain of 40,000 in the prior month. Over the month, job losses occurred in general merchandise stores (-19,000); sporting goods, hobby, book, and music stores (-9,000); and electronics and appliance stores (-8,000).
Employment in other major industries, including wholesale trade, transportation and warehousing, information, financial activities, leisure and hospitality, and
government, showed little or no change over the month.
http://data.bls.gov/cgi-bin/srgate
CES0500000001
CES2000000001
CES3000000001
CES4200000001
CES4300000001
CES5000000001
CES5500000001
CES6000000001
CES6561000001
CES6562000101
CES7000000001
CES8000000001
CES9000000001
Civilian Labor Force = 160.1 MILLION
YOY = +1.2M (+0.7%)
MOM = +340K (+0.2%)
CONSECUTIVE GROWTH = +32 MOS YOY, +3 MOS MOM
3 MOS CHANGE = +600K
5 MOS CHANGE = +226K
10 MOS CHANGE = +1.1MM
Data: http://www.bls.gov/webapps/legacy/cpsatab1.htm
Schedule: Monthly, FIRST FRIDAY OF MONTH
The term Civilian labor force is used by the U.S. Bureau of Labor Statistics (BLS) to describe the subset of Americans who have jobs or are seeking a job, are at least 16 years old, are not serving in the military and are not institutionalized. In other words, all Americans who are eligible to work in the everyday U.S. economy.
Nonfarm Payroll:
YOY = +2.3MM (+1.6%)
MOM = +235K (+0.2%)
CONSECUTIVE GROWTH = +78 MOS YOY, +77MOS MOM
3 MOS CHANGE = +628K
5 MOS CHANGE = +916K
10 MOS CHANGE = +2.0MM
12M AVG Annual Growth = +2.9MM
12M AVG Monthly Growth = +196K
http://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth
Schedule: Monthly, FIRST FRIDAY OF MONTH
Temporary Help Services within Prof/Biz Industry
YOY = +91.0K (+3.2%)
MOM = +3.1K (+0.1%)
http://www.bls.gov/news.release/empsit.t17.htm (Table B-1)
http://data.bls.gov/timeseries/CES6056132001
Job Openings:
News Release: http://www.bls.gov/news.release/jolts.nr0.htm
Data:
Openings - http://data.bls.gov/timeseries/JTS00000000JOL
Quits - http://data.bls.gov/timeseries/JTS00000000QUL
Quits Rate - http://data.bls.gov/timeseries/JTS00000000QUR
Schedule: Monthly, SECOND TUESDAY OF THE FOLLOWIN MONTH (e.g., Jan 2015 => 10 Mar 2015)
Participation Rate
Current = 63.0
Peak = 67.3 (2000)
Low = 62.4 (9/2015)
Data: http://www.bls.gov/webapps/legacy/cpsatab1.htm
Schedule: Monthly, FIRST FRIDAY OF MONTH
The term Participation Rate is used by the U.S. Bureau of Labor Statistics (BLS) to describe the subset of Americans eligible to work who participated in the job market.
Real GDP:
CURRENT = +1.9%
LAST QUARTER = +3.5%
LAST YEAR =+0.9%
News Release: http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
Dollar Data: http://bea.gov/national/xls/gdplev.xls
Change Data: http://bea.gov/national/xls/gdpchg.xls
Schedule: Quarterly (advanced), FOURTH WEEK AFTER QUARTER ENDS, Quarterly (final), THREE MONTHS AFTER THE QUARTER ENDS
The "second" estimate for the fourth quarter, based on more complete data, will be released on February 28, 2017.
GDP shows economy slows to 1.9% growth
Wider trade deficit slashes GDP, but consumers keep spending
The U.S. economy’s expansion slowed in the fourth quarter, and annual growth failed to reach 3% for an 11th straight year, reflecting the huge hurdles the Trump administration faces in trying to speed up a 7½-year-old expansion
Gross domestic product, the official score card for the economy, expanded at a 1.9% annual clip from October to December, the Commerce Department said
For the full year, the U.S. grew just 1.6%, compared with its 2.6% clip in 2015. It was the weakest performance since 2011. The last time the U.S. topped 3% growth — the historical average is 3.3% — was in 2005
A wider trade deficit — a negative for GDP — was by far the biggest anchor in the fourth quarter. The economy would have topped 3% growth if the trade gap has basically been unchanged
AVG Hourly Earnings: $25.78
YOY = +0.71 cents (+2.8%) was $25.46
MOM = +0.06 cents (+0.2%) was $26.03
http://data.bls.gov/cgi-bin/srgate
CES0500000003
Average Hourly Earnings measures the change in the price businesses pay for labor, not including the agricultural sector. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
In February, average hourly earnings grew by 2.8% from the prior year, well about the disappointing 2.5% rate in January. Hourly wages rose 0.2% to $26.09 an hour. Over the past 12 months wages have climbed 2.8%—faster than the less than 2% annual gains that prevailed through most of the recovery.
http://www.bls.gov/web/jolts/jlt_labstatgraphs.pdf
The Beveridge Curve shows the relationship between Job Openings and the Unemployment Level, which reflects the state of the business cycle.
Typically, the relationship between the unemployment rate and the job openings rate is tight (known as the Beveridge Curve).
During an expansion, the unemployment rate is low and the job openings rate is high. Conversely, during a contraction, the unemployment rate is high and the job openings rate is low. The position of the curve is determined by the efficiency of the labor market. For example, a greater mismatch between available jobs and the unemployed in terms of skills or location would cause the curve to shift outward, up and toward the right.
From the start of the most recent recession in December 2007 through the end of 2009, each month’s point on the curve moved lower and further to the right as the job openings rate declined and the unemployment rate rose. From 2010 to the present, the point moved up and to the left as the job openings rate increased and the unemployment rate decreased. The outward shift in the Beveridge Curve may be due to a greater mismatch between available jobs and the unemployment in terms of skills or location, or that employers are delaying hiring due to economic uncertainty.