The Labor Force Participation rate rose to 63% from 62.7%.
The Employment/Population Ratio rose to 60.4% from 60.1%. Read More
Posts By: xps
Hourly Wage Distortions, Part 2
This is a follow-up to our previous post on Hourly Wages. The issue we raised may be a storm in a teacup – the headline number could be impacted, but we favor attributing a more limited scope to this anomaly. Read More
Payrolls Average Hourly Wages: A Distortion.
Something strange seems to be happening in the Payrolls Survey wage estimates for a sub-sector of the Retail industry. More investigation is needed before we can say what implications this might have for next month’s hourly wage headline number. Many commentators made claims for inflationary pressures in the release of January’s Payroll Survey. This was… Read more » Read More
Industrial Production down by 0.1% in January.
December growth was revised down from a gain of 0.9% to a gain of 0.4% . Read More
CPI-U Index up strongly 0.5% in January, with Annual Inflation unchanged at 2.1%.
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent
in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics
reported today. Over the last 12 months, the all items index rose 2.1 percent
before seasonal adjustment.
The seasonally adjusted increase in the all items index was broad-based, with
increases in the indexes for gasoline, shelter, apparel, medical care, and food
all contributing. The energy index rose 3.0 percent in January, with the
increase in the gasoline index more than offsetting declines in other energy
component indexes. The food index rose 0.2 percent with the indexes for food at
home and food away from home both rising.
Retail Sales down by 0.3% in January.
Motor Vehicle & Parts Dealers fell by -1.3% Read More
Job Openings at 3.8% (down 0.1%), Hiring at 3.7% (unch.)
The number of job openings was little changed at 5.8 million on the last business day of December, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed at 5.5 million and 5.2 million, respectively. Within separations, the quits rate and the layoffs and discharges rate were little changed at 2.2 percent and 1.1 percent, respectively. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by four geographic regions.