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

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/

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

California experienced an increase of 733 innovation job openings from June 2014 to July 2014, an increase of 3.01%. Texas experienced an increase of 606 innovation job openings from June 2014 to July 2014, an increase of 4.80%.

innovation

State Total_Openings Monthly_Change Yearly_Change
CA 25,143 3.01% 30.27%
TX 13,218 4.80% 31.45%

California experienced an increase of 733 innovation job openings from June 2014 to July 2014, an increase of 3.01%. Texas experienced an increase of 606 innovation job openings from June 2014 to July 2014, an increase of 4.80%.

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

What is an innovation job?

innovation

Below is our list of innovation jobs we have compiled for use in our research:

-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

-Architects, except naval

-Electrical and electronic engineers

-Artists and related workers

-Designers

-Actors

-Producers and directors

Source: BLS

Image source: http://www.americas.gecapital.com/insight-and-ideas/capital-perspectives/innovation-secrets-of-steve-jobs

Texas job openings by major occupational group

Texas July 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 July 2014.

Occupation Openings S2J_Ratio
Management, business, and financial occupations 57111 0.65
Professional and related occupations 82733 1.14
Office and administrative support occupations 55874 1.18
Installation, maintenance, and repair occupations 18904 1.46
Sales and related occupations 29695 1.59
Service occupations 63649 1.67
Transportation and material moving occupations 20408 1.97
Farming, fishing, and forestry occupations 968 2.62
Production occupations 22287 2.83
Construction and extraction occupations 17156 3.91

Source: BLS

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