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: U.S. Census Bureau
New Residential Construction Up in January
Privately‐owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,899,000, 0.75 above the revised December rate of 1,885,000 and 0.8% above the January 2021 rate of 1,883,000, according to the U.S. Census Bureau. Single‐family authorizations in January were at a rate of 1,205,000, 6.8% above the revised […]
Trade Sales and Manufacturers’ Shipments Drop in December
The combined value of distributive trade sales and manufacturers’ shipments for December 2021 — adjusted for seasonal and trading day differences but not for price changes — was estimated at $1,717.2 billion, down 0.7% from November, but was up 15.9% from December 2020, according to the U.S. Census Bureau. Manufacturers’ and trade inventories for December […]
Advance Retail, Food Services Sales Rise in January
The U.S. Census Bureau said advance estimates of retail and food services sales for January — adjusted for seasonal variation and holiday and trading-day differences but not for price changes — were $649.8 billion, an increase of 3.8% from the previous month and 13% above January 2021. Total sales for the November 2021 through January […]
How 4 Distributors are Building Supply Chain Resilience
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Construction Spending Rises in December
U.S. construction spending increased overall in December, though spending was down monthly in nearly a dozen nonresidential subcategories, according to the U.S. Census Bureau and a data analysis from Associated Builders and Contractors. Construction spending during December 2021 was estimated at a seasonally adjusted annual rate of $1,639.9 billion, 0.2% above the revised November estimate […]
New Residential Construction Rises Again in December
Privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,873,000, 9.1% above the revised November rate, according to data released by the U.S. Census Bureau. The December 2021 rate was 6.5% above the December 2020 rate of 1,758,000. Single‐family authorizations in December were at a rate of […]
Goods and Services Deficit Rises in November
The goods and services deficit was $80.2 billion in November, up $13 billion from a revised $67.2 billion in October, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. November exports were $224.2 billion, $0.4 billion more than October exports. November imports were $304.4 billion, $13.4 billion more than the previous […]
Monthly Construction Spending Up
Construction spending in November 2021 was estimated at a seasonally adjusted annual rate of $1,625.9 billion, 0.4% above the revised October estimate of $1,618.8 billion, according to the U.S. Census Bureau. The November total was 9.3% above the November 2020 estimate of $1,487.2 billion. During the first 11 months of 2021, construction spending amounted to […]
Monthly Construction Spending Up 0.4%
Construction spending in November 2021 was estimated at a seasonally adjusted annual rate of $1,625.9 billion, 0.4% above the revised October estimate of $1,618.8 billion, according to the U.S. Census Bureau. The November total was 9.3% above the November 2020 estimate of $1,487.2 billion. During the first 11 months of 2021, construction spending amounted to […]
Trade Deficit Rises, Exports Down in Nov.
The U.S. Census Bureau says the international trade deficit was $97.8 billion in November, up $14.6 billion from $83.2 billion in October. Exports of goods for the month were $154.7 billion, $3.3 billion less than October exports. November imports of goods were $252.4 billion, $11.3 billion more than October. Wholesale inventories for November — adjusted […]
New Residential Construction Up Slightly
The U.S. Census Bureau says privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,712,000, a 3.6% increase over the revised October rate of 1,653,000 and 0.9% above the November 2020 rate of 1,696,000. Single‐family authorizations in November were at a rate of 1,103,000, this is 2.7% […]
Oct. Trade Sales and Manufacturers Shipments Rise
The U.S. Census Bureau says the combined value of distributive trade sales and manufacturers’ shipments for October — adjusted for seasonal and trading day differences but not for price changes — was estimated at $1,709.1 billion, up 2.1% from September and up 16.7% from October 2020. Manufacturers’ and trade inventories for October — adjusted for […]
Advance Retail and Food Services Estimates Up
Advance estimates of U.S. retail and food services sales for November — adjusted for seasonal variation and holiday and trading-day differences, but not for price changes ¬— were $639.8 billion, an increase of 0.3% from the previous month, and 18.2% above November 2020, according to the U.S. Census Bureau. Total sales for the September through […]
3Q Manufacturing Profits Rise
U.S. manufacturers’ seasonally adjusted after-tax profits in the third quarter of 2021 totaled $254.6 billion, up $5.2 billion from the $249.4 billion recorded in the second quarter of 2021, and up $118.4 billion from the $136.2 billion recorded in the third quarter of 2020, according to a report released by the U.S. Census Bureau. Seasonally […]
Wholesale Sales and Inventories Up
The U.S. Census Bureau says October 2021 sales of merchant wholesalers — except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes — were $620.5 billion. That figure is up 2.2% from the revised September level and up 22.2% from the revised October 2020 level. […]
Goods and Services Deficit Shrinks in October
The goods and services deficit was $67.1 billion in October, down $14.3 billion from $81.4 billion in September, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. October exports were $223.6 billion, $16.8 billion more than the previous month. October imports were $290.7 billion, about $2.5 billion more than September imports. […]
Oct. Construction Spending Up
Construction spending last month was estimated at a seasonally adjusted annual rate of $1,598 billion, 0.2% above the revised September estimate of nearly $1,595 billion, according to a report from the U.S. Census Bureau. The recent October number is 8.6% higher than the October 2020 estimate of almost $1,472 billion. During the first 10 months […]
Trade Deficit Shrinks to $82.9B
The international trade deficit was $82.9 billion last month, down $14.1 billion from the $97 billion reported in September, according to the U.S. Census Bureau. Exports of goods for October were $157.4 billion, $15.3 billion more than September exports. Imports of goods for October were $240.3 billion, $1.1 billion more than the prior month. Wholesale […]
Selected Service 3Q Revenue Rises
Advance U.S. selected services total revenue for the third quarter of 2021 was $4,524.9 billion, an increase of 3.7% over 2021’s second quarter and 15.2% over the third quarter last year, according to a report from the U.S. Census Bureau. The first quarter of 2021 to second quarter of 2021 percentage change was revised from […]
