Producer Price Index

June 13 2024 The Producer Price Index for final demand  includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices for final demand fell 0.2% in May...

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Initial Unemployment Claims

June 13, 2024 Initial unemployment claims rose 13 thousand in the week ending June 8 to 242 thousand after rising 8 thousand the previous week.   This series has been fluctuating in a narrow range for more than two years. The number of people receiving unemployment...

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Consumer Price Index

June 12, 2024 The CPI was unchanged in May after having risen 0.3% in April. The year-over-year increase is currently 3.3%.  We expect the CPI to increase 3.2% in 2024. Food prices rose 0.1% in May after having been unchanged in April.    In the past year food...

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Small Business Optimism

June 11, 2024 . Small business optimism rose 0.8 point in May to 90.5 after climbing 1.2 points in April.  While this is the highest level for this series this year, it is still well below the 40-year average so-called breakeven point for this series which is 98.0....

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Payroll Employment

June 7, 2024 Payroll employment for May climbed by 272 thousand in May after gaining 165 thousand in April and 310 thousand in March.  In the past three months the average increase has been 249 thousand.  The employment gains remain sizeable.  It appears that some...

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Private Employment

June 7, 2024 Private sector employment for May climbed by 229 thousand in May after gaining 158 thousand in April and 232 thousand in March.  In the past three months the average increase has been 206 thousand.  The employment gains remain sizeable.  It appears...

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Unemployment Rate

June 7, 2024 The unemployment rate rose 0.1% in May to 4.0% after having risen 0.1% in April and having fallen 0.1% in March  In May  the labor force fell by 250 thousand..  Employment declined by 408 thousand.  As a result, the number of unemployed workers rose by...

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