Sunday, August 16, 2009

U.S. Economy Flattening

SEARCH BLOG: ECONOMY

These data from the Bureau of Labor Statistics on August 14:

United States

United States - Monthly Data
Data Series Back
Data		 Feb
2009		 Mar
2009		 Apr
2009		 May
2009		 June
2009		 July
2009

Unemployment Rate (1)

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 8.1 8.5 8.9 9.4 9.5 9.4

Change in Payroll Employment (2)

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 -681 -652 -519 -303 (P) -443 (P) -247

Average Hourly Earnings(3)

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 18.46 18.50 18.50 18.53 (P) 18.53 (P) 18.56

Consumer Price Index (4)

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 0.4 -0.1 0.0 0.1 0.7 0.0

Producer Price Index (5)

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 -0.1 (P) -1.1 (P) 0.3 (P) 0.2 (P) 1.8

U.S. Import Price Index(6)

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 0.0 0.5 (R) 1.1 (R) 1.7 (R) 2.6 (R) -0.7

Footnotes
(1) In percent, seasonally adjusted. Annual averages are available for Not Seasonally Adjusted data.
(2) Number of jobs, in thousands, seasonally adjusted.
(3) For production and nonsupervisory workers on private nonfarm payrolls, seasonally adjusted.
(4) All items, U.S. city average, all urban consumers, 1982-84=100, 1-month percent change, seasonally adjusted.
(5) Finished goods, 1982=100, 1-month percent change, seasonally adjusted.
(6) All imports, 1-month percent change, not seasonally adjusted.
(R) Revised
(P) Preliminary

The unemployment rate does not include people who have simply dropped out of the labor market from frustration. The most recent 3-month trend indicates an average monthly drop of about 300,000 jobs continuing.

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