Texas experienced an increase of 8,724 innovation job openings from August 2014 to August 2014, an annual increase of 25.30%.
Our definition of STEM jobs: http://www.employstats.com/blog/2014/09/19/growing-national-interest-in-stem-fields-has-focused-our-research/
| Month | Total_Openings | Percent_Monthly_Change | Percent_Yearly_Change |
| 08/2014 | 43,210 | -2.03% | 25.30% |
Source: BLS
Image source: http://projecttomorrowblog.blogspot.com/2013/11/i-am-scientist.html
Crude oil price decreased from $91.17 per barrel in September 2014 to $80.53 per barrel in October 2014. Natural gas price went down from $4.14 per million BTU (one million BTU is approximately 974 cubic feet) in September 2014 to $3.76 per million BTU in October 2014.
Texas crude oil production for August 2014 was 69,204,407 barrels, down from 73,329,467 barrels reported in July 2014. Texas natural gas production was 621,505,586 Mcf (thousand cubic feet) of gas in August 2014, down from the July 2014 gas production total of 662,617,068 Mcf.
Sources: eia.gov, rrc.state.tx.us
The oil and gas extraction industry in Texas lost 300 jobs from August 2014 to September 2014. Compared to September 2013, the cumulative number of jobs added in this industry is 8,100, an increase of 7.7%.
Source: http://www.tracer2.com/admin/uploadedPublications/2120_TLMR-October_14.pdf
Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/
Texas August 2014
Total number of job openings and median searcher-to-job ratio across all MSAs (metropolitan statistical areas) for each major occupational group in Texas in August 2014.
| Occupation | Job Openings | Searcher-To-Job Ratio |
| Management, business, and financial occupations | 91,231 | 0.82 |
| Professional and related occupations | 139,533 | 1.44 |
| Office and administrative support occupations | 82,231 | 1.75 |
| Sales and related occupations | 47,483 | 2.00 |
| Installation, maintenance, and repair occupations | 24,023 | 2.16 |
| Service occupations | 108,172 | 2.32 |
| Transportation and material moving occupations | 28,741 | 2.86 |
| Farming, fishing, and forestry occupations | 1,765 | 3.65 |
| Production occupations | 27,017 | 4.53 |
| Construction and extraction occupations | 16,640 | 8.20 |
Source: BLS
Compared to August of last year, all of the main MSAs (metropolitan statistical areas) in Texas saw an annual increase in the number of job openings and decrease in the searcher-to-job opening ratio.
Source: BLS
The number of job openings in California decreased from 570,648 in July 2014 to 566,834 in August 2014. The median number of job searchers per job opening across all MSAs (metropolitan statistical areas) and occupations in California was 2.06 in July 2014 and 1.93 in August 2014.
Source: BLS
California experienced a decrease of 1,011 innovation job openings from July 2014 to August 2014, a decrease of 4.02%. Texas experienced a decrease of 456 innovation job openings from July 2014 to August 2014, a decrease of 3.45%.
| State | Total_Openings | Monthly_Change | Yearly_Change |
| CA | 24,132 | -4.02% | 29.71% |
| TX | 12,762 | -3.45% | 30.67% |
Innovation jobs definition: http://www.employstats.com/blog/2014/09/26/1233/
Source: BLS
Image source: http://www.bizjournals.com/sacramento/news/2013/09/23/symposium-innovation-ecosystems-jobs-wea.html
In some wage and hour analyses a statistical random sample is needed to help address liability and damage issues. A sample may be required in employer’s self audit, regulatory investigation, or lawsuit involving FLSA, overtime, and wage and hour issues, such as unpaid meal periods..Three out of the four largest MSAs (metropolitan statistical areas) in Texas experienced a decrease in job openings for the month of August.
Dallas
Dallas experienced a decrease of 816 job openings from Jul 2014 to August 2014, a 0.90% decrease.
| Date | Total_Openings | Monthly_Change | Yearly_Change |
| Aug-14 | 89,770 | -0.90% | 27.29% |
| Jul-14 | 90,586 | 6.86% | 28.67% |
| Jun-14 | 84,771 | 0.29% | 15.23% |
| May-14 | 84,526 | -5.64% | 20.19% |
| Apr-14 | 89,581 | 23.25% | 26.62% |
| Mar-14 | 72,682 | 2.48% | -2.52% |
| Feb-14 | 70,922 | -5.29% | 1.27% |
| Jan-14 | 74,887 | 20.21% | 12.54% |
| Dec-13 | 62,296 | -4.16% | -8.80% |
| Nov-13 | 65,003 | -14.98% | 17.30% |
| Oct-13 | 76,452 | 8.40% | 26.29% |
| Sep-13 | 70,526 | 0.18% | 0.12% |
Austin
Austin experienced a decrease of 611 job openings from July 2014 to August 2014, a 1.57% decrease.
| Date | Total_Openings | Monthly_Change | Yearly_Change |
| Aug-14 | 38,327 | -1.57% | 28.78% |
| Jul-14 | 38,938 | 5.96% | 28.50% |
| Jun-14 | 36,748 | 1.44% | 15.98% |
| May-14 | 36,228 | -4.59% | 19.27% |
| Apr-14 | 37,971 | 22.48% | 25.01% |
| Mar-14 | 31,001 | 1.83% | -3.11% |
| Feb-14 | 30,443 | -3.77% | 0.38% |
| Jan-14 | 31,635 | 19.32% | 9.52% |
| Dec-13 | 26,512 | -4.77% | -10.09% |
| Nov-13 | 27,840 | -14.33% | 15.78% |
| Oct-13 | 32,499 | 9.20% | 25.10% |
| Sep-13 | 29,760 | -1.79% | -1.33% |
Houston
Houston experienced a decrease of 1,493 job openings from July 2014 to August 2014, a 1.83% decrease.
| Date | Total_Openings | Monthly_Change | Yearly_Change |
| Aug-14 | 80,299 | -1.83% | 27.86% |
| Jul-14 | 81,792 | 8.29% | 29.66% |
| Jun-14 | 75,527 | -0.09% | 14.68% |
| May-14 | 75,596 | -5.17% | 20.16% |
| Apr-14 | 79,716 | 20.94% | 26.09% |
| Mar-14 | 65,912 | 3.59% | -1.16% |
| Feb-14 | 63,626 | -5.45% | 2.27% |
| Jan-14 | 67,291 | 20.11% | 12.98% |
| Dec-13 | 56,026 | -3.63% | -8.46% |
| Nov-13 | 58,138 | -14.60% | 16.91% |
| Oct-13 | 68,074 | 8.40% | 25.92% |
| Sep-13 | 62,801 | -0.44% | 0.47% |
San Antonio
San Antonio experienced an increase of 43 job openings from July 2014 to August 2014, a 0.12% increase.
| Date | Total_Openings | Monthly_Change | Yearly_Change |
| Aug-14 | 36,207 | 0.12% | 27.65% |
| Jul-14 | 36,164 | 6.00% | 27.85% |
| Jun-14 | 34,117 | 0.26% | 15.48% |
| May-14 | 34,029 | -5.52% | 20.28% |
| Apr-14 | 36,017 | 23.93% | 26.62% |
| Mar-14 | 29,061 | 2.62% | -2.85% |
| Feb-14 | 28,320 | -5.47% | 0.33% |
| Jan-14 | 29,958 | 21.97% | 12.89% |
| Dec-13 | 24,561 | -5.12% | -8.66% |
| Nov-13 | 25,887 | -14.61% | 17.03% |
| Oct-13 | 30,316 | 6.88% | 25.77% |
| Sep-13 | 28,365 | 0.28% | 1.02% |
Source: BLS
In business and commercial litigation, it is frequently alleged that the offending party’s actions resulted in a lost of business profit for the other party. In some instances, the issue is that the offending party’s actions prevented the pursuit of a given business opportunity as opposed to the reduction of profits or revenue from existing business. In other words, because of the offending party’s actions the business revenue and associated profit, simply did not happen.
For instance, a local check cashing company that was looking to expand into different areas of the city, was denied a business permit by the City. The City explicitly stated that they were looking to limit the expansion of checking cashing and pay day loan companies within the City limits, so they denied the company’s business permit application. The check cashing company sued the City and claimed a loss of business profits.
In this instance, the new location, and any revenue and profit, did not happen so this would be an example of lost profits as opposed to reduced profits. In this case, and similar ones, the calculation of lost profits requires, an analysis of the incremental cost associated with the revenue that would have been generated from the lost business opportunity, Incremental costs are those costs that are associated with the services or products that would have been produced had the business opportunity taken place.
In this instance,incremental cost would include items such as additonal salaries, office supplies, rents, and fees that the new location would have incurred. A number of items, such as advertising, would be classed as fixed overhead, since they were carried out at a higher organizational level and would not have been effected by the opening of the new location. In determining what is incremental costs versus a fixed cost, the time frame of the damage analysis is frequently a a factor.