Industry – Page 8 – Economic Thinking In Action

FLSA OT report for Plastics Product Manufacturing

In this post, we look at the weekly overtime (OT) hours typically worked by those who are in Plastics Product Manufacturing.

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.

Job Title	Percent of OT Workers	Average Hours of OT	1 out of every 4 (25%) OT workers works at least:
Plastics Product Manufacturing	27.72%	9.32 hours	53.5 hours

Source: BLS (CPS March)

Medical care commodities inflate more than general inflation from Oct to Nov

The consumer price index (CPI) went down from 37.909 in October 2014 to 237.428 in November 2014, an annualized rate of 3.08%.

The price index for medical care commodities went up at an annualized rate of 7.33% from October 2014 to November 2014. During the same period, the price index also increased for medical care services (4.78%), hospital and related services (2.98%), and professional services (6.05%).

Source: BLS

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

Earnings report for Engineering jobs

In this post, we look at some average earnings typical for particular occupations in the engineering field. The tabulation below is 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.

Engineering STEM Salaries

Job Title	Average Salary
Computer Hardware Engineers	$ 100,035.90
Aerospace Engineers	$ 94,492.37
Chemical engineers	$ 93,862.07
Electrical and electronic engineers	$ 90,567.73
Civil Engineers	$ 88,076.48

Source: BLS

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

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

FLSA OT report for Support Activities for Mining

In this post, we look at the weekly overtime (OT) hours typically worked by those who are in the support activities for mining subsector. This subsector is part of the mining, quarrying, and oil and gas extraction sector, and is further defined below by the Bureau of Labor Statistics (BLS):

“Industries in the Support Activities for Mining subsector group establishments primarily providing support services, on a contract or fee basis, required for the mining and quarrying of minerals and for the extraction of oil and gas. Establishments performing exploration (except geophysical surveying and mapping) for minerals, on a contract or fee basis, are included in this subsector. Exploration includes traditional prospecting methods, such as taking core samples and making geological observations at prospective sites.”

-North American Industry Classification System

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.

Job Title	Percent of OT Workers	Average Hours of OT	1 out of every 4 (25%) OT workers works at least:
Support Activities for Mining	50.19%	22.55 hours	80 hours

Source: BLS (CPS March)

Earnings report for Technology jobs

In this post, we look at some average earnings typical for particular occupations in the technology field. The tabulation below is 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.

Technology STEM Salaries

Job Title	Average Salary
Software Developers, Applications and Systems Software	$ 93,227.46
Computer Systems Analysts	$ 83,334.38
Computer Programmers	$ 82,647.55
Computer Occupations, All Other	$ 65,948.52
Computer support Specialists	$ 58,163.96

Source: BLS

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

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

Natural gas prices increased while crude oil prices continue to fall in Dec.

WTI crude oil price decreased from $78.77 per barrel in November 2014 to $68.98 per barrel at the start of December 2014. Natural gas price rose from $3.82 per million BTU (one million BTU is approximately 974 cubic feet) in November 2014 to $4.30 per million BTU to start off December 2014.

Texas crude oil production for September 2014 was 65,824,450 barrels, down from 75,669,936 barrels reported in August 2014. Texas natural gas production was 595,603,581 Mcf (thousand cubic feet) of gas in September 2014, down from the August 2014 gas production total of 668,465,202 Mcf.

Sources: eia.gov, rrc.state.tx.us

Texas RN’s, therapists, and PA’s see increase in job openings from Sept. to Oct.

The number of job openings in Texas for nurses, therapists, and physician assistants increased from 10,248 to 10,580 from September 2014 to October 2014. The searcher-to-job opening ratio decreased from 0.86 to 0.81 during that same span.

Source: BLS

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

Earnings report for Science jobs

In this post, we look at some average earnings typical for particular occupations in the science field. The tabulation below is 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.

Science STEM Salaries

Job Title	Average Salary
Physician Assistants	$ 108,837.21
Pharmacists	$ 96,866.57
Biological Scientists	$ 67,490.59
Registered Nurses	$ 62,350.85
Phlebotomists	$ 31,295.76

Source: BLS

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

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

Texas healthcare jobs increased by 0.8% from Sept. to Oct.

healthcare

The health care and social assistance industry gained 11,400 jobs from September 2014 to October 2014. Compared to October 2013, the cumulative number of jobs added in this industry is 47,300, an annual increase of 3.6%.

Source: http://www.tracer2.com/admin/uploadedPublications/2121_TLMR-November_14.pdf

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

Texas oil and gas extraction jobs increased by 0.3% from Sept. to Oct.

The oil and gas extraction industry in Texas gained 300 jobs from September 2014 to October 2014. Compared to October 2013, the cumulative number of jobs added in this industry is 8,200, an increase of 7.8%.

Source: http://www.tracer2.com/admin/uploadedPublications/2121_TLMR-November_14.pdf

Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/