Economic News Releases
MAJOR ECONOMIC INDICATORS
In May, the Consumer Price Index for All Urban Consumers rose 0.6 percent
(seasonally adjusted); rising 5.0 percent over the last 12 months
(not seasonally adjusted). The index for all items less food and energy
increased 0.7 percent in May (SA); up 3.8 percent over the year (NSA).
Compensation costs increased 0.9 percent for civilian workers, seasonally adjusted, from December 2020 to March 2021. Over the year, total compensation rose 2.6 percent, wages and salaries rose 2.7 percent, and benefit costs rose 2.5 percent.
Total nonfarm payroll employment rose by 559,000 in May, and the unemployment rate
declined by 0.3 percentage point to 5.8 percent. Notable job gains occurred in leisure
and hospitality, in public and private education, and in health care and social assistance.
The Producer Price Index for final demand increased 0.6 percent in April, as prices for both final
demand services and final demand goods also rose 0.6 percent. The final demand index advanced
6.2 percent for the 12 months ended in April.
Productivity increased 5.4 percent in the nonfarm business sector in the first quarter of 2021; unit
labor costs increased 1.7 percent (seasonally adjusted annual rates). In manufacturing,
productivity decreased 1.7 percent and unit labor costs increased 10.7 percent.
Real average hourly earnings for all employees decreased 0.2 percent in May, seasonally adjusted. Average hourly earnings increased 0.5 percent and CPI-U increased 0.6 percent. Real average weekly earnings decreased 0.1 percent over the month.
Prices for U.S. imports increased 0.7 percent in April following a 1.4-percent advance in
March. Export prices rose 0.8 percent in April, after increasing 2.4 percent the previous
month. Over the past year, import prices advanced 10.6 percent and export prices rose
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Last Modified Date: May 28, 2021