Prices continued rising at a moderate pace in December 2019 according to the Bureau of Labor Statistics. Their Consumer Price Index rose 0.2 percent in the final 31 days of the decade. This final uptick helped push the year-over-year tally to 2.3 percent which is faster than the 1.9 percent rate of change in 2018.
America’s labor situation has been one of the economy’s highlights since it began recovering after the Great Recession. Last year (2019) ended the decade by adding 2.11 million net new jobs, including December’s uptick of 145,000 according the Bureau of Labor Statistics (BLS). The unemployment rate held steady at 3.5 percent.
Productivity contracted in the third quarter of this year according to revised data from Bureau of Labor Statistics (BLS). Their measure of output per labor hour fell 0.2 percent from July through September 2019 (originally down 0.3 percent).
Prices continued rising in October 2019 according to the Consumer Price Index (CPI) from the Bureau of Labor Statistics. The month-over-month tally accelerated to 0.4 percent after going unchanged in September. However, this sudden uptick had only a marginal impact on the year-over-year statistic, rising to 1.8 percent from 1.7 percent. Removing food and energy, leaving
American firms continued adding jobs in September 2019 according to the Bureau of Labor Statistics. Their latest tally indicates 136,000 net new jobs were gained in the period. However, this improvement is slower than the upwardly revised tally of 168,000 (originally 130,000) in August. Despite the slowing rate of improvement, the unemployment rate fell to just 3.5 percent, th
Each month the Bureau of Labor Statistics (BLS) puts out their Employment Situation report. Regular reader’s saw the Atlas note on it yesterday morning. This report covers two surveys: households and payrolls. Our nation’s unemployment rate is derived from the household survey. Each month the BLS lobs a call to 60,000 homes or so and asks those willing to ans
One of the most-followed economic indicators disappointed in August 2019. Employment gains decelerated to 130,000 according to the Bureau of Labor Statistics. Adding to the weakness, the prior two months’ tallies were downwardly revised by 20,000 net new jobs. However, we shouldn’t lose track of the fact that unemployment is very low; it held steady at 3.7 percent