1 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Recent Developments in Employment and Wages Follow the Money: Martin Kohli Chief Regional Economist New York-New Jersey Information Office April 30, 2016

2 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov About the BLS Principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics Collect, process, analyze and disseminate data Users include the American public, Congress, Federal agencies, state and local governments, businesses, labor organizations

3 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Total Wages and Employment

4 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Total wages have been rising since 2012 * Data for most recent quarter are preliminary.

5 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov The national economy has been adding 2 million plus jobs per year since 2012

6 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Quiz The industry that has added the most jobs nationally over the past year is: a) Health care b) Tech c) Temp help d) Accommodation and food services

7 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Health care has been the big driver of job growth nationally Note: data for most recent two months are preliminary.

8 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Health care spending has risen as the population ages

9 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Smaller job gains in temp help

10 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Job growth has been strong in some segments of professional services

11 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Health care has also been a driver of job growth locally Note: data for most recent month are preliminary.

12 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov A definition of employment (establishment survey) Employees on nonfarm payrolls are those who received pay for any part of the reference pay period, including persons on paid leave.

13 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov True or false? When the Bureau of Labor Statistics asks for a count of payroll jobs, it’s asking for a count of paychecks issued.

14 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov The Gig Economy

15 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Classes of worker (household survey) Wage and salary employees Unpaid workers in family businesses Self-employed

16 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov True or false? Because of the rise of the gig economy, the traditional concept of a payroll job is increasingly irrelevant.

17 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Self-employment has not been increasing

18 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Employment projections for 2014 to 2024 Based on assumptions about demographics and spending. The number of people over age 65 will increase by 37.8 percent. Real spending on computers will increase by 82.5 percent.

19 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Quiz Which industry is expected to add the most payroll jobs between 2014 and 2024? a) Health care b) Professional and technical services c) Federal government d) Information

20 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Health care and social assistance will remain the jobs machine Thousands of wage and salary jobs, projected

21 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Trends in Wage Rates

22 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Wages are rising by about 2 percent a year nationally

23 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Minimum wage jobs Action at state level Prominent companies have announced higher wages 1.5 million jobs in leisure and hospitality paid at or below the federal minimum in 2015 Smaller concentration in retail trade

24 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Retail trade had the largest over-the-year increase in hourly wages in 2015 q4

25 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Average weekly wages in retail remain low

26 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Occupations with large concentrations of jobs paying less than $10 hour OccupationEmployment 25th percentile hourly wage, May 2015 Building and grounds cleaning and maintenance4,407,050$9.35 Sales and related14,462, Farming, fishing, and forestry454, Personal care and service4,307, Food preparation and serving related12,577,

27 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Areas around the San Francisco Bay and Washington DC have high pay Area Median annual pay, May 2015 (all occupations) San Jose-Sunnyvale-Santa Clara, CA$58,900 California-Lexington Park, MD 55,130 San Francisco-Redwood City-South San Francisco, CA 54,780 Washington-Arlington-Alexandria, DC-VA-MD-WV 51,560 Boston-Cambridge-Newton, MA 51,430

28 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov The same two groups of areas also have high pay for Human Resource Managers Area Median annual pay, May 2015 (HR managers) San Jose-Sunnyvale-Santa Clara, CA$157,880 Newark, NJ-PA 148,530 San Francisco-Redwood City-South San Francisco, CA 144,250 Washington-Arlington-Alexandria, DC-VA-MD-WV 142,850 Ithaca, NY 141,620

29 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Voluntary Cooperation Nearly all of our surveys are voluntary Respondent participation is extremely valuable to ensure accurate data Confidentiality is as important to the Bureau as it is to respondents We greatly appreciate the cooperation of our survey respondents. Thank You!

Contact Information 30 — U.S. B UREAU OF L ABOR S TATISTICS bls.gov Martin Kohli Chief Regional Economist New York-New Jersey Information Office