Economic News Releases
MAJOR ECONOMIC INDICATORS
In October, the Consumer Price Index for All Urban Consumers increased 0.4 percent, seasonally
adjusted, and rose 7.7 percent over the last 12 months, not seasonally adjusted. The index for all
items less food and energy increased 0.3 percent in October (SA); up 6.3 percent over the year (NSA).
Compensation costs increased 1.2 percent for civilian workers, seasonally adjusted, from June 2022 to September 2022. Over the year, total compensation rose 5.0 percent, wages and salaries rose 5.1 percent, and benefit costs rose 4.9 percent.
Total nonfarm payroll employment increased by 263,000 in November, and the unemployment
rate was unchanged at 3.7 percent. Notable job gains occurred in leisure and hospitality,
health care, and government. Employment declined in retail trade and in transportation
The Producer Price Index for final demand increased 0.3 percent in November. Prices for final
demand services advanced 0.4 percent, and the index for final demand goods inched up 0.1
percent. The index for final demand rose 7.4 percent for the 12 months ended in November.
Productivity increased 0.8 percent in the nonfarm business sector in the third quarter of 2022; unit labor
costs increased 2.4 percent (seasonally adjusted annual rates). In manufacturing, productivity decreased
2.9 percent and unit labor costs increased 5.8 percent.
Real average hourly earnings for all employees decreased 0.1 percent in October, seasonally adjusted. Average hourly earnings increased 0.4 percent, and CPI-U increased 0.4 percent. Real average weekly earnings decreased 0.1 percent.
Prices for U.S. imports decreased 0.2 percent in October, after declining 1.1 percent in
September. Export prices fell 0.3 percent in October following a 1.5-percent drop the
previous month. Over the past year, import prices increased 4.2 percent and export prices
rose 6.9 percent.
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Last Modified Date: November 30, 2022