July 2018 Labor Market Review Reported by: Cassie Janes

Transcription

1 July 2018 Labor Market Review Reported by: Cassie Janes Regional Workforce Analyst Tel: Cassie

2 Economic Growth Region 8 Statistical Data Report for July 2018, Released September 2018 State Employment and Unemployment Unemployment rates were lower in July in 11 states, higher in 2 states, and stable in 37 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported. Ten states had jobless rate decreases from a year earlier and 40 states and the District had little or no change. The national unemployment rate edged down by 0.1 percentage point from June to 3.9 percent and was 0.4 point lower than in July Economic Growth Region (EGR) 8 Nonfarm payroll employment increased in 6 states in July 2018, decreased in 1 state, and was essentially unchanged in 43 states and the District of Columbia. Over the year, 34 states added nonfarm payroll jobs and 16 states and the District were essentially unchanged. Hawaii had the lowest unemployment rate in July, 2.1 percent. The rate in Oregon (3.9 percent) set a new series low. (All state series begin in 1976.) Alaska had unemployment rates Area Labor Force Employed Unemployed Jul-18 Jun-18 Jul-17 U.S. 163,734, ,004,000 6,730, % 4.2% 4.6% IN 3,442,520 3,320, , % 3.6% 3.6% EGR 8 143, ,446 5, % 4.2% 4.0% Bloomington MSA the highest jobless rate, 6.9 percent. In total, 15 states had lower than the U.S. figure of 3.9 percent, 10 states and the District of Columbia had higher rates, and 25 states had rates that were not appreciably different from that of the nation. July 2018 Labor Force Estimates (not seasonally adjusted) 71,210 68,048 3, % 4.5% 4.1% Brown Co. 7,861 7, % 3.1% 3.4% Daviess Co. 16,597 16, % 3.1% 2.9% Greene Co. 13,263 12, % 4.7% 4.9% Lawrence Co. 20,396 19, % 4.2% 4.4% Martin Co. 5,415 5, % 3.1% 3.0% Monroe Co. 62,606 59,894 2, % 4.4% 4.1% Orange Co. 8,498 8, % 4.0% 3.8% Owen Co. 8,604 8, % 4.9% 4.4% Bloomington 34,533 32,849 1, % 5.0% 4.5% Source: Indiana Department of Workforce Development, Research & Analysis, Local Area Unemployment Statistics Unemployment Statistics Released: 08/18 Notes: The data displayed are presented as estimates only. The most recent month's data are always preliminary and are revised when the next month's data are released. Brown, Daviess, Greene, Lawrence, Martin, Monroe, Orange and Owen Counties Unemployment Rates by State (seasonally adjusted): July 2018 U.S % Illinois - 4.2% Indiana - 3.4% Kentucky - 4.3% Michigan - 4.3% Ohio - 4.6% Source: U.S. Department of Labor, Bureau of Labor Statistics Unemployment Rank by County (of 92 counties): July 2018 #4 - Owen (5.2%) #8 - Greene (4.7%) #11 - Monroe (4.3%) #18 - Lawrence (4%) #25 - Orange (3.8%) #68 - Brown (3%) #78 - Daviess (2.8%) #82 - Martin (2.8%) Source: Indiana Department of Workforce Development, Research and Development, Local Area Unemployment Statistics Indiana Department of Workforce Development 2 Labor Market Review EGR 8

3 CPI Item Recreation Consumer Price Index (CPI-U Change), Unadjusted Percent Change All Items Food & Beverages Housing Apparel Transportation Medical Care Education & Communication Other Goods & Services to July 2018 from Jul-17 Jun-18 Jul-17 Jun-18 U.S. City Midwest Region* 2.9% 0.0% 2.4% 0.0% 1.4% 0.2% 1.5% 0.0% 2.9% 0.2% 2.3% 0.1% 0.3% -2.0% -1.9% -3.1% 7.3% -0.3% 7.1% -0.1% 1.9% -0.2% 0.3% -0.1% 0.3% 0.1% -0.7% -0.2% 1.0% 0.2% 1.3% 0.3% 2.1% 0.1% 2.6% 0.3% *Midwest region = Midwest Urban Average. Midwest Region includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin Source: U.S. Bureau of Labor Statistics Percentage of Unemployment Claims for Top 5 Region 8 Industries Construction July 2018 Distribution as a Percent of Total 20.1% Unemployment Claims: July 2018 Region 8 Initial Claims 07/07/18-57(D) 07/14/18-44(D) 07/21/18-24(D) 07/28/18-38(D) Continued Claims 07/07/ /14/ /21/ /28/ Total Claims 07/07/ /14/ /21/ /28/ Manufacturing 18.5% Health & Social Assistance Retail Trade Admin. & Waste 6.9% 6.9% 7.9% State of Indiana Initial Claims 07/07/18-2,297 07/14/18-2,099 07/21/18-1,763 07/28/18-1,835 Source: Indiana Department of Workforce Development, Research and Analysis There are no WARN Notices for July 2018 for EGR 8. WARN Notices WARN Notices for Region 8 for July 2018 Company City County # of workers affected Notice Date Source: Indiana Department of Workforce Development, WARN Notices For information on WARN Act requirements, you may go to the U.S. Department of Labor Employment Training Administration Fact Sheet: Continued Claims 07/07/18-12,901 07/14/18-12,611 07/21/18-12,460 07/28/18-12,075 Total Claims 07/07/18-15,198 07/14/18-14,710 07/21/18-14,223 07/28/18-13,910 (D) indicates item is affected by non-disclosure issues relating to industry or ownership status Source: Indiana Department of Workforce Development, Research and Development Indiana Department of Workforce Development 3 Labor Market Review EGR 8

4 Industry Total Nonfarm Total Private Goods Producing Service-Providing Wage and Salaried Employment July 2018 Private Service Providing Mining, Logging and Construction Manufacturing Durable Goods Trade, Transportation, and Utilities Wholesale Trade Retail Trade Transportation, Warehousing, and Utilities Information Financial Activities Professional and Business Services Education and Health Services Leisure and Hospitality Other Services Total Government Federal Government State Government Local Government Local Government Educational Services Local Government excluding Educational Services Source: Indiana Dept of Workforce Development, Research and Analysis, Current Employment Statistics Bloomington MSA Jul-18 Jun-18 Jul-17 # Change % Change # Change % Change Jun-18 to Jul-18 Jul-17 to Jul-18 67,200 69,200 71,400-2, % -4, % 51,400 52,000 51, % % 12,000 12,100 11, % % 55,200 57,100 59,500-1, % -4, % 39,400 39,900 39, % % 2,900 2,900 2, % 0 0.0% 9,100 9,200 9, % % 6,500 6,500 6, % % 9,900 10,000 10, % % 1,600 1,600 1, % 0 0.0% 6,900 7,000 7, % % 1,400 1,400 1, % % 1,100 1,100 1, % 0 0.0% 2,700 2,800 2, % % 4,800 4,800 5, % % 9,900 10,100 10, % % 8,700 8,700 8, % % 2,300 2,400 2, % % 15,800 17,200 19,700-1, % -3, % % 0 0.0% 11,500 12,400 15, % -3, % 3,900 4,500 4, % % 1,300 1,800 1, % % 2,600 2,700 2, % 0 0.0% Bloomington MSA Employment Trends 82,000 80,000 78,000 76,000 74,000 72,000 70,000 68,000 66,000 64,000 62,000 60,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Source: Indiana Department of Workforce Development, Research & Analysis, Current Employment Statistics Note: Historical data for the most recent 4 years (both seasonally adjusted and not seasonally adjusted) are revised near the beginning of each calendar year, prior to the release of January estimates for statewide data. Indiana Department of Workforce Development 4 Labor Market Review EGR 8

5 Frequently Listed Jobs Top 20 job listings in Region 8 in the past month Applicant Pool Top 20 occupations desired by applicants on their resumes in the past 12 months Rank Occupations Occupations # of applicants 1 Heavy and Tractor-Trailer Truck Drivers Assemblers and Fabricators, All Other Conveyor Operators and Tenders Production Workers, All Other Farmworkers and Laborers, Crop Helpers--Production Workers Registered Nurses Cashiers Healthcare Practitioners and Technical Workers, All Other Laborers and Freight, Stock, and Material Movers, Hand Retail Salespersons Customer Service Representatives Stock Clerks, Sales Floor Office and Administrative Support Workers, All Other Production Workers, All Other Office Clerks, General Medical Assistants Stock Clerks and Order Fillers Correctional Officers and Jailers Extraction Workers, All Other Engineers, All Other Construction Laborers Therapists, All Other Construction and Related Workers, All Other Laborers and Freight, Stock, and Material Movers, Hand Managers, All Other Counter Attendants, Cafeteria, Food Concession, and Coffee Shop Landscaping and Groundskeeping Workers Licensed Practical and Licensed Vocational Nurses Heavy and Tractor-Trailer Truck Drivers Quality Control Analysts Retail Salespersons Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and Tenders Carpenters Social and Human Service Assistants Welders, Cutters, Solderers, and Brazers First-Line Supervisors of Production and Operating Workers Maintenance and Repair Workers, General Maintenance and Repair Workers, General Receptionists and Information Clerks 107 Source: Indiana Workforce Development, Indiana Career Connect Source: Indiana Workforce Development, Indiana Career Connect Indiana Department of Workforce Development 5 Labor Market Review EGR 8

6 TED: The Economics Daily Labor productivity up 1.3 percent, real compensation up 0.5 percent, second quarter 2017 to 2018 AUGUST 17, 2018 Labor productivity in the nonfarm business sector rose 1.3 percent from the second quarter of 2017 to the second quarter of Real output rose 3.5 percent over that period, and hours worked increased 2.2 percent. Real hourly compensation that is, adjusted for inflation rose 0.5 percent from the second quarter of 2017 to the second quarter of Unit labor costs in the nonfarm business sector rose 1.9 percent from the second quarter of 2017 to the second quarter of That reflects a 3.2-percent increase in hourly compensation (not adjusted for inflation) and the 1.3-percent increase in productivity. These data are from the Labor Productivity and Costs program. For more information, see Labor Productivity and Costs Second Quarter 2018, Preliminary. Labor productivity is calculated by dividing inflation-adjusted output by hours worked for all employees, business owners, and unpaid family workers. Unit labor costs are the ratio of hourly compensation to labor productivity. Increases in hourly compensation increase unit labor costs, and increases in productivity reduce unit labor costs. Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Labor productivity up 1.3 percent, real compensation up 0.5 percent, second quarter 2017 to 2018 on the Internet at Indiana Department of Workforce Development 6 Labor Market Review EGR 8

7 Questions? Please contact the DWD Research and Analysis Regional Labor Analyst listed below: Cassie Janes Regional Labor Analyst Research and Analysis Indiana Department of Workforce Development 709 S. Reed Rd Kokomo, IN Indiana Department of Workforce Development 7 Labor Market Review EGR 8