The number of job openings increased to 11.0 million in December 2022, up from 10.4 million in November 2022. July 2022 was the last month in which this figure exceeded 11.0 million, when there were 11.2 million job openings.read full article »
Compensation costs for civilian workers increased 5.1 percent for the 12-month period ending December 2022, compared with an increase of 4.0 percent for the 12 months ending December 2021.
Sixty-nine percent of private industry workers had access to employer-provided retirement plans in March 2022. Fifty-two percent of private industry workers chose to participate in a retirement plan, for a take-up rate of 75 percent. (The take-up rate is the percent of workers with access to a plan who participate in the plan.) Among state and local government workers, 92 percent had access to a retirement plan and 82 percent chose to participate, for a take-up rate of 90 percent.
From March 2022 to June 2022, gross job gains from opening and expanding private-sector establishments were 8.3 million, a decrease of 185,000 jobs from the previous quarter. Over this period, gross job losses from closing and contracting private-sector establishments were 8.5 million, an increase of 1.6 million jobs from the previous quarter.
In December 2022, the unemployment rates in Alaska (4.3 percent) and Pennsylvania (3.9 percent) set all-time lows (all state unemployment data began in 1976). Utah had the lowest jobless rate in December 2022 (2.2 percent), followed by North Dakota and South Dakota (2.3 percent each).