Medical care commodities inflate at a lower rate than general inflation from July to August

cpigeneral_inflation_2014_08

The consumer price index (CPI) went down from 37.909 in July 2014 to 237.428 in August 2014, an annualized rate of 1.79%.

medical_commodities_2014_08medical_services_2014_08

The price index for medical care commodities went up at an annualized rate of 1.45% from July 2014 to August 2014. During the same period, the price index for hospital and related services went up at an annualized rate of 1.32%, whereas medical care services and professional services went down at an annualized rate of 0.46% and 3.04%, respectively.

Source: BLS

Image source: http://www.shutterstock.com/pic-54762670/stock-photo-background-concept-illustration-consumer-price-index.html

Texas RN’s, therapists, and PA’s see increase in job openings from June to July

nursing_symbol

The number of job openings in Texas for nurses, therapists, and physician assistants increased from  9,298 to 10,068 from June 2014 to July 2014. The searcher-to-job opening ratio decreased from 1.52 to 1.48 during that same span.

nurse_2014_07

 

Source: BLS

Image source: http://www.carrollhs.org/s/1253/index.aspx?pgid=877

Healthcare jobs increased from July 2014 to August 2014

healthcare

The health care and social assistance industry gained 10,900 jobs from July 2014 to August 2014. Compared to August 2013, the cumulative number of jobs added in this industry is 33,200, an annual increase of 2.5%.

Source: Tracer

Image source: http://blogs.wsj.com/health/2012/01/06/health-care-sector-adds-jobs-as-overall-employment-picture-looks-healthier/

 

STEM jobs increased in both CA and TX for the month of July

California experienced an increase of 4,253 innovation job openings from June 2014 to July 2014, an increase of 7.19%. Texas experienced an increase of 3,239 innovation job openings from June 2014 to July 2014, an increase of 7.92%.

Our definition of STEM jobs: http://www.employstats.com/blog/2014/09/19/growing-national-interest-in-stem-fields-has-focused-our-research/

STEM logo

 

State Total_Openings Monthly_Change Yearly_Change
CA 73,005 6.19% 26.22%
TX 44,105 7.92% 27.89%

Source: BLS

Image source: http://projecttomorrowblog.blogspot.com/2013/11/i-am-scientist.html

Texas hydro-fracturing job openings increased from June 2014 to July 2014

petroleum engineerThe number of job openings in Texas for “petroleum engineers” and “geological and petroleum technicians” increased from 622 in June 2014 to 782 in July 2014, while the searcher-to-job opening ratio decreased from 1.4 to 1.1 in the same span.

 

petro_engineer_2014_07

The number of job openings in Texas for “derrick operators” and “roustabouts” increased from 270 in June 2014 to 368 in July 2014, while the searcher-to-job opening ratio decreased from 3.0 to 1.7 in the same span.roustabout_2014_07

Source: BLS

Image source: http://wonderfulengineering.com/what-is-petroleum-engineering/

4 largest Texas MSAs see increase in job openings from June 2014 to July 2014

All 4 of the largest MSAs (metropolitan statistical areas) in Texas experienced an increase in job openings for the month of July.

Dallas

Dallas experienced an increase of 5,815 job openings from June 2014 to July 2014, a 6.86% increase.

Date Total_Openings Monthly_Change Yearly_Change
Jul-14 90586 6.86% 28.67%
Jun-14 84771 0.29% 15.23%
May-14 84526 -5.64% 20.19%
Apr-14 89581 23.25% 26.62%
Mar-14 72682 2.48% -2.52%
Feb-14 70922 -5.29% 1.27%
Jan-14 74887 20.21% 12.54%
Dec-13 62296 -4.16% -8.80%
Nov-13 65003 -14.98% 17.30%
Oct-13 76452 8.40% 26.29%
Sep-13 70526 0.18% 0.12%
Aug-13 70400 -4.30% 7.91%

Austin

Austin experienced an increase of 2,190 job openings from June 2014 to July 2014, a 5.96% increase.

Date Total_Openings Monthly_Change Yearly_Change
Jul-14 38938 5.96% 28.50%
Jun-14 36748 1.44% 15.98%
May-14 36228 -4.59% 19.27%
Apr-14 37971 22.48% 25.01%
Mar-14 31001 1.83% -3.11%
Feb-14 30443 -3.77% 0.38%
Jan-14 31635 19.32% 9.52%
Dec-13 26512 -4.77% -10.09%
Nov-13 27840 -14.33% 15.78%
Oct-13 32499 9.20% 25.10%
Sep-13 29760 -1.79% -1.33%
Aug-13 30302 -4.36% 8.57%

Houston

Houston experienced an increase of 6,265 job openings from June 2014 to July 2014, a 8.29% increase.

Date Total_Openings Monthly_Change Yearly_Change
Jul-14 81792 8.29% 29.66%
Jun-14 75527 -0.09% 14.68%
May-14 75596 -5.17% 20.16%
Apr-14 79716 20.94% 26.09%
Mar-14 65912 3.59% -1.16%
Feb-14 63626 -5.45% 2.27%
Jan-14 67291 20.11% 12.98%
Dec-13 56026 -3.63% -8.46%
Nov-13 58138 -14.60% 16.91%
Oct-13 68074 8.40% 25.92%
Sep-13 62801 -0.44% 0.47%
Aug-13 63080 -4.22% 8.56%

San Antonio

San Antonio experienced an increase of 2,047 job openings from June 2014 to July 2014, a 6.00% increase.

Date Total_Openings Monthly_Change Yearly_Change
Jul-14 36164 6.00% 27.85%
Jun-14 34117 0.26% 15.48%
May-14 34029 -5.52% 20.28%
Apr-14 36017 23.93% 26.62%
Mar-14 29061 2.62% -2.85%
Feb-14 28320 -5.47% 0.33%
Jan-14 29958 21.97% 12.89%
Dec-13 24561 -5.12% -8.66%
Nov-13 25887 -14.61% 17.03%
Oct-13 30316 6.88% 25.77%
Sep-13 28365 0.28% 1.02%
Aug-13 28286 -4.26% 9.12%

Source: BLS

The move by private employers to make salary information public

Some employers, both private and public, are moving towards making employee’s salaries public.  “Making Pay Public” by Tamara Lytle , in HR Magazine, September 2014. discusses the recent trend of employers making employee’s salaries more open.

Some employers such as, Buffer, are going so far as to not only making their salaries public, but are also providing details on the decision process by which the employee’s  salary was determined. For example, Buffer’s salary formula has set factors that take into account the employee’s job type, seniority, experience, location, and equity versus salary choice.

In the formula, engineers and designers have a base salary of $60.000 while content crafters have a base salary of $50,000.  Employees in Austin receive a $12,000 salary kicker, while employees in San Franciso receive a $22,000 salary kicker.   Buffer’s (and other’s) approach to salary is clearly a different approach from how some employers had pay discussions in the past.

A 1943 HR Manual from Disney:

 

Growing importance in STEM fields has focused our research

stem

STEM fields are those that include science, technology, engineering, or mathematics. We have recently focused our research to assess the economy in these growing fields for 21st century. Below is our list of STEM occupations we use in our research:

-Insurance underwriters

-Financial specialists, all other

-Computer and information research scientists

-Computer systems analysts

-Information security analysts

-Computer programmers

-Software developers, applications and systems software

-Web developers

-Computer support specialists

-Data base administrators

-Computer network architects

-Computer occupations, all other

-Actuaries

-Operations research analysts

-Mathematicians, statisticians, and miscellaneous mathematical science occupations

-Architects, except naval

-Surveyors, cartographers, and photogrammetrists

-Aerospace engineers

-Agricultural and biomedical engineers

-Chemical engineers

-Civil engineers

-Computer hardware engineers

-Electrical and electronic engineers

-Environmental engineers

-Industrial engineers, including health and safety

-Marine engineers and naval architects

-Materials engineers

-Mining and geological engineers

-Nuclear engineers

-Petroleum engineers

-Engineers, all other

-Drafters

-Engineering technicians, except drafters

-Surveying and mapping technicians

-Agricultural and food scientists

-Biological scientists

-Conservation scientists and foresters

-Medical scientists and life scientists, all other

-Astronomers and physicists

-Atmospheric and space scientists

-Chemists and materials scientists

-Environmental scientists, all other

-Economists

-Psychologists

-Urban and regional planners

-Miscellaneous social scientists, including survey researchers and sociologists

-Agricultural and food science technicians

-Biological technicians

-Chemical technicians

-Geological and petroleum technicians

-Miscellaneous life, physical, and social science technicians

-Chiropractors

-Dentists

-Dietitians and nutritionists

-Optometrists

-Pharmacists

-Physicians and surgeons

-Physicians assistants

-Registered nurses

-Audiologists

-Occupational therapists

-Physical therapists

-Radiation therapists

-Recreational therapists

-Respiratory therapists

-Speech-language pathologists

-Exercise physiologists and therapists, all other

-Veterinarians

-Registered nurses

-Nurse Anesthetists

-Nurse midwives and nurse practitioners

-Health diagnosing treating practitioners, all other

-Clinical laboratory technologists and technicians

-Dental hygienists

-Diagnostic related technologists and technicians

-Emergency medical technicians and paramedics

-Health diagnosing and treating practitioner support technicians

-Massage therapists

-Dental assistants

-Medical assistants

-Medical transcriptionists

-Pharmacy aides

-Veterinary assistants and laboratory animal caretakers

-Phlebotomists

-Miscellaneous healthcare support occupations, including medical equipment preparers

-Sales engineers

-Sale representatives, wholesale and manufacturing (need technical and scientific products)

-Avionics technicians

-Aircraft mechanics and service technicians

-Stationary engineers and boiler operators

-Medical, dental, and ophthalmic laboratory technicians

-Aircraft pilots and flight engineers

Source: BLS

Image source: http://fairmountinc.com/help-wanted-1-2-million-good-paying-jobs-available/

4 largest California MSAs see increase in job openings from May 2014 to June 2014

All 4 of the largest MSAs (metropolitan statistical areas) in California experienced an increase in job openings for the month of June.

Los Angeles-Long Beach-Santa Ana

The Los Angeles-Long Beach-Santa Ana MSA experienced an increase of 242 job openings in June 2014, a 0.19% change from May 2014.

Date Job Openings pct_mnthly_chg pct_yrly_chg
Jul-13 111931 15.94752
Aug-13 107714 -3.76747 15.94752
Sep-13 107881 0.155095 15.94752
Oct-13 116232 7.74074 15.94752
Nov-13 99534 -14.3665 15.94752
Dec-13 94076 -5.48352 15.94752
Jan-14 113912 21.08539 15.94752
Feb-14 108563 -4.69606 15.94752
Mar-14 110825 2.083839 15.94752
Apr-14 137352 23.93568 15.94752
May-14 129540 -5.68721 15.94752
Jun-14 129782 0.186349 15.94752

San Francisco-Oakland-Fremont

The San Francisco-Oakland-Fremont MSA experienced an increase of 206 job openings in June 2014, a 0.42% change from May 2014.

Date Job Openings pct_mnthly_chg pct_yrly_chg
Jul-13 42443 15.77961
Aug-13 41173 -2.99164 15.77961
Sep-13 41049 -0.303 15.77961
Oct-13 43869 6.870093 15.77961
Nov-13 37771 -13.9 15.77961
Dec-13 35578 -5.80724 15.77961
Jan-14 42940 20.69461 15.77961
Feb-14 40977 -4.57116 15.77961
Mar-14 41811 2.033991 15.77961
Apr-14 51583 23.37293 15.77961
May-14 48935 -5.13467 15.77961
Jun-14 49141 0.420907 15.77961

Riverside-San Bernardino-Ontario

The Riverside-San Bernardino-Ontario MSA experienced an increase of 327 job openings in June 2014, a 0.71% change from May 2014.

Date Job Openings pct_mnthly_chg pct_yrly_chg
Jul-13 39944 16.86667
Aug-13 38522 -3.56153 16.86667
Sep-13 38068 -1.17874 16.86667
Oct-13 41147 8.089971 16.86667
Nov-13 35358 -14.0698 16.86667
Dec-13 33336 -5.71823 16.86667
Jan-14 40242 20.71779 16.86667
Feb-14 38895 -3.3472 16.86667
Mar-14 39795 2.312312 16.86667
Apr-14 48989 23.10446 16.86667
May-14 46354 -5.3783 16.86667
Jun-14 46681 0.705416 16.86667

San Diego-Carlsbad-San Marcos

The San Diego-Carlsbad-San Marcos MSA experienced an increase of 430 job openings in June 2014, a 0.65% change from May 2014.

Date Job Openings pct_mnthly_chg pct_yrly_chg
Jul-13 56647 16.88855
Aug-13 54499 -3.79081 16.88855
Sep-13 54100 -0.73243 16.88855
Oct-13 58926 8.919652 16.88855
Nov-13 50552 -14.2098 16.88855
Dec-13 47699 -5.64362 16.88855
Jan-14 57523 20.5941 16.88855
Feb-14 55345 -3.7853 16.88855
Mar-14 56460 2.013243 16.88855
Apr-14 69647 23.35666 16.88855
May-14 65783 -5.54723 16.88855
Jun-14 66213 0.654083 16.88855

Source: BLS