September 17, 2021
The Consumer Price Index for All Urban Consumers rose 5.3 percent for the 12 months ending August 2021, a smaller increase than the 5.4-percent rise for the period ending July. The index for all items less food and energy rose 4.0 percent over the last 12 months, also a smaller increase than the period ending July. The energy index rose 25.0 percent over the last 12 months, and the food index increased 3.7 percent; both were larger than the increases for the 12-month period ending July.read full article »
September 16, 2021
The Producer Price Index for final demand increased 8.3 percent from August 2020 to August 2021, the largest over-the-year advance since 12-month changes were first calculated in November 2010. Prices for goods rose 12.6 percent over the year ended August 2021, while prices for services rose 6.4 percent.
September 15, 2021
The onset of COVID-19 in 2020 led to reduced spending at retail outlets, entertainment venues, and even transportation providers, as those working from home stopped commuting. Average household spending decreased 2.7 percent from 2019 to 2020, compared with an increase of 3.0 percent from 2018 to 2019.
September 14, 2021
From June to July 2021, the number of job openings was up 749,000 to 10.9 million, the highest level since we started tracking job openings in December 2000.
September 13, 2021
Among U.S. metropolitan areas, the largest over-the-year unemployment rate decrease in July occurred in Kahului-Wailuku-Lahaina, Hawaii, where unemployment rates decreased from 23.3 percent in July 2020 to 9.2 percent in July 2021, a decline of 14.1 percentage points. Unemployment rates fell over the year by at least 10.0 percentage points in an additional three areas: Atlantic City-Hammonton, New Jersey; Orlando-Kissimmee-Sanford, Florida; and Las Vegas-Henderson-Paradise, Nevada.