The U.S. economy created 678,000 jobs in February, beating economists’ expectations for a second straight month as the unemployment rate dropped to 3.8%. Job growth happened across a variety of sectors, including construction. “Construction added 60,000 jobs in February, following little change in the prior month,” the Bureau of Labor Statistics announced Friday. “About three-fourths […]
Category: Bureau of Labor Statistics
Wholesale Inflation Up 9.7% in January
January wholesale inflation was 9.7% higher than the same period a year ago, according to the U.S. Department of Labor’s producer price index. The PPI, a metric that measures inflation before it reaches consumers, rose 1% in January compared to the previous month. The January increase follows jumps of 0.4% in December 2021 and 0.9% […]
BLS: Inflation Reaches 40-Year High
U.S. inflation jumped 7.5% over the past year, the highest rate of increase in four decades, the Bureau of Labor Statistics said. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% in January on a seasonally adjusted basis, BLS said Thursday. Increases in the indexes for food, electricity and shelter were the largest […]
Job Market Surges in January
The U.S. economy created 467,000 jobs in January, according to new Bureau of Labor Statistics estimates, beating economists’ expectations. Employers added 647,000 jobs in November, topping the 249,000 the Labor Department had estimated; employers also added 510,000 jobs in December, ahead of the 199,000 initially forecast. This means heading into 2022, more than 700,000 jobs […]
Wholesale Prices Rose 9.7% in 2021
The U.S. Bureau of Labor Statistics says the Producer Price Index for final demand increased 0.2% in December, which followed advances of 1% in November and 0.6% in October. On an unadjusted basis, final demand prices moved up 9.7% in 2021, the largest calendar-year increase since data were first calculated in 2010, BLS says. In […]
Consumer Prices Rise 6.8%
The Consumer Price Index rose 6.8% between November 2020 and November 2021, the largest 12-month increase since the period ending June 1982, according to data from the U.S. Bureau of Labor Statistics. Energy prices rose 33.3% over the last year, while food prices increased 6.1%. Gasoline prices rose 58.1%, the largest increase since April 1980. […]
Wholesale Inflation Up 9.6% Over Year
November’s wholesale prices were up 9.6% from one year ago, the largest increase since 12-month data were first calculated in 2010, according to the U.S. Bureau of Labor Statistics. The bureau said its producer price index rose 0.8% from October to November, its highest reading since June. The index rose 0.6% from September to October. […]
Nonresidential Construction Employment Rises
Nonresidential construction employment rose last month, as the industry added 31,000 jobs on net, according to an Associated Builders and Contractors analysis of data released Friday by the U.S. Bureau of Labor Statistics. The industry has recovered approximately 90% of the jobs lost during earlier stages of the COVID-19 pandemic. Nonresidential construction employment in November […]