Economic News Releases
MAJOR ECONOMIC INDICATORS
In June, the Consumer Price Index for All Urban Consumers rose 1.3 percent, seasonally adjusted,
and rose 9.1 percent over the last 12 months, not seasonally adjusted. The index for all items
less food and energy increased 0.7 percent in June (SA); up 5.9 percent over the year (NSA).
Compensation costs increased 1.3 percent for civilian workers, seasonally adjusted, from March 2022 to June 2022. Over the year, total compensation rose 5.1 percent, wages and salaries rose 5.3 percent, and benefit costs rose 4.8 percent.
Total nonfarm payroll employment rose by 528,000 in July, and the unemployment rate
edged down to 3.5 percent. Both total nonfarm employment and the unemployment rate
have returned to their February 2020 pre-pandemic levels.
The Producer Price Index for final demand increased 1.1 percent in June. Prices for final demand
goods rose 2.4 percent, and the index for final demand services advanced 0.4 percent. Final
demand prices moved up 11.3 percent for the 12 months ended in June.
Productivity decreased 7.3 percent in the nonfarm business sector in the first quarter of 2022;
unit labor costs increased 12.6 percent (seasonally adjusted annual rates). In manufacturing,
productivity increased 0.2 percent and unit labor costs increased 5.7 percent.
Real average hourly earnings for all employees decreased 1.0 percent in June, seasonally adjusted. Average hourly earnings increased 0.3 percent, and CPI-U increased 1.3 percent. Real average weekly earnings decreased 1.0 percent.
Prices for U.S. imports rose 0.2 percent in June, after increasing 0.5 percent in May.
Export prices advanced 0.7 percent in June following a 2.9-percent rise the previous
month. Over the past year, import prices increased 10.7 percent and export prices rose
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Last Modified Date: April 4, 2022