Economic News Releases
MAJOR ECONOMIC INDICATORS
In August, the Consumer Price Index for All Urban Consumers rose 0.3 percent on a
seasonally adjusted basis; rising 5.3 percent over the last 12 months, not
seasonally adjusted. The index for all items less food and energy increased 0.1
percent in August (SA); up 4.0 percent over the year (NSA).
Compensation costs for civilian workers increased 0.7 percent, seasonally adjusted, from March 2021 to June 2021. Over the year, total compensation rose 2.9 percent, wages and salaries rose 3.2 percent, and benefit costs rose 2.2 percent.
Total nonfarm payroll employment rose by 235,000 in August, and the unemployment rate declined
to 5.2 percent. Job gains occurred in professional and business services, transportation and
warehousing, private education, manufacturing, and other services. Retail trade lost jobs.
The Producer Price Index for final demand advanced 0.7 percent in August, as prices for final
demand services rose 0.7 percent and the index for final demand goods increased 1.0 percent.
The final demand index moved up 8.3 percent for the 12 months ended in August.
Productivity increased 2.1 percent in the nonfarm business sector in the second quarter of 2021;
unit labor costs increased 1.3 percent (seasonally adjusted annual rates). In manufacturing,
productivity increased 8.0 percent and unit labor costs decreased 3.0 percent.
Real average hourly earnings for all employees increased 0.4 percent in August, seasonally adjusted. Average hourly earnings increased 0.6 percent and CPI-U increased 0.3 percent. Real average weekly earnings increased 0.3 percent over the month.
Prices for U.S. imports decreased 0.3 percent in August following a 0.4-percent advance
in July. Export prices rose 0.4 percent in August, after increasing 1.1 percent the previous
month. Over the past year, import prices advanced 9.0 percent and export prices rose 16.8
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Last Modified Date: May 28, 2021