The number of job openings in Texas for “Innovation Type Jobs” decreased from 12,748 in November 2014 to 12,021 in December 2014. The searcher-to-job opening ratio also decreased from 0.66 to 0.58 in the same span.
Innovation jobs definition: http://www.employstats.com/blog/2014/09/26/1233/
Source: BLS
Image source: http://www.americas.gecapital.com/insight-and-ideas/capital-perspectives/innovation-secrets-of-steve-jobs
In this post, we look at the weekly overtime (OT) hours typically worked by those who work in automotive body and related repair occupations.
Many of the employees that work in these jobs are not exempt from FLSA overtime pay and earn 1.5 times pay for hours worked over 40 in a given week.
The tabulations below are based on U.S. BLS survey data. The BLS job title groups are insightful, generally containing more specific job titles with similar knowledge, skills, and abilities (KSA), but can be more broad than a particular company’s job title listing. Also, some companies may have the job title listed here as exempt from FLSA or state OT due to their specific job assignments. The BLS does not make a distinction as to if the job title is exempt or non-exempt from OT.
| Occupational Group Title | Percent of OT Workers | Average Hours of OT | 1 out of every 4 (25%) OT workers works at least |
| Automotive Body and Related Repairers | 26.92% | 13.3 hours | 60 hours |
U.S. BLS data inddicates that approximately 26.92% of automotive body and related repairers work overtime hours in a given week. On average, these workers that have FLSA overtime work approximately 13.3 hours a week in OT. The average regular or straight time pay rate of theise workers in the U.S. is approximately 18.77 an hour. The average FLSA OT rate, not including supplemental pay such as non-discretionary bonus pay is 28.16 an hour.
Source: BLS (CPS March)
The number of job openings in Texas for STEM (science, technology, engineering, math) jobs decreased from 39,659 in November to 39,570 in December 2014. The searcher-to-job opening ratio also decreased from 0.81 to 0.68 in the same span.
Our definition of STEM jobs: http://www.employstats.com/blog/2014/09/19/growing-national-interest-in-stem-fields-has-focused-our-research/
Source: BLS
Image source: http://projecttomorrowblog.blogspot.com/2013/11/i-am-scientist.html
The consumer price index (CPI) went down from 236.284 in December 2014 to 234.677 in January 2015, an annualized rate of 8.16%.
The price index for medical care commodities went down at an annualized rate of 3.37% from December 2014 to January 2015. During the same period, the price index increased for medical care services (0.98%), hospital and related services (0.59%), and professional services (2.09%).
Source: BLS
Image source: http://www.shutterstock.com/pic-54762670/stock-photo-background-concept-illustration-consumer-price-index.html
WTI crude oil price increased from $47.79 per barrel in January 2015 to $53.56 per barrel mid February 2015. Natural gas price fell from $2.88 per million BTU (one million BTU is approximately 974 cubic feet) in January 2015 to $2.75 per million BTU mid February 2015.
Texas crude oil production for December 2014 was 67,660,682 barrels, down from 74,910,932 barrels reported in November 2014. Texas natural gas production was 600,389,620 Mcf (thousand cubic feet) of gas in December 2014, down from the November 2014 gas production total of 675,593,444 Mcf.
Sources: eia.gov, rrc.state.tx.us
The number of job openings in Texas for nurses, therapists, and physician assistants increased from 9,189 to 10,144 from November 2014 to December 2014. The searcher-to-job opening ratio decreased from 0.85 to 0.63 during that same span.
Source: BLS
Image source: http://www.carrollhs.org/s/1253/index.aspx?pgid=877
In this post, we look at the weekly overtime (OT) hours typically worked by those who work in grounds maintenance occupations.
Many of the employees that work in these jobs are not exempt from FLSA overtime pay and earn 1.5 times pay for hours worked over 40 in a given week.
The tabulations below are based on U.S. BLS survey data. The BLS job title groups are insightful, generally containing more specific job titles with similar knowledge, skills, and abilities (KSA), but can be more broad than a particular company’s job title listing. Also, some companies may have the job title listed here as exempt from FLSA or state OT due to their specific job assignments. The BLS does not make a distinction as to if the job title is exempt or non-exempt from OT.
| Occupational Group Title | Percent of OT Workers | Average Hours of OT | 1 out of every 4 (25%) OT workers works at least: |
| Grounds Maintenance Workers | 15.85% | 11.2 hours | 53.5 hours |
U.S. BLS data inddicates that approximately 15.85% of grounds maintenance workers work overtime hours in a given week. On average, these workers that have FLSA overtime work approximately 11.2 hours a week in OT. The average regular or straight time pay rate of theise workers in the U.S. is approximately 11.90 an hour. The average FLSA OT rate, not including supplemental pay such as non-discretionary bonus pay is 16.35 an hour.
Source: BLS (CPS March)
The oil and gas extraction industry in Texas gained 600 jobs from November 2014 to December 2014. Compared to December 2013, the cumulative number of jobs added in this industry is 5,600, an increase of 5.2%.
Source: http://www.tracer2.com/admin/uploadedPublications/2127_TLMR-January_15.pdf
Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/
The oil and gas extraction industry in Texas gained 600 jobs from November 2014 to December 2014. Compared to December 2013, the cumulative number of jobs added in this industry is 5,600, an increase of 5.2%.
Source: http://www.tracer2.com/admin/uploadedPublications/2127_TLMR-January_15.pdf
Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/
The number of job openings in Texas for “petroleum engineers” and “geological and petroleum technicians” decreased from 632 in November 2014 to 595 in December 2014, while the searcher-to-job opening ratio also decreased from 0.89 to 0.78 in the same span.
The number of job openings in Texas for “derrick operators” and “roustabouts” decreased from 271 in November 2014 to 259 in December 2014, while the searcher-to-job opening ratio also decreased from 11.14 to 10.35 in the same span.
Source: BLS
Image source: http://wonderfulengineering.com/what-is-petroleum-engineering/