Economic News Releases
MAJOR ECONOMIC INDICATORS
In April, the Consumer Price Index for All Urban Consumers increased 0.4 percent, seasonally
adjusted, and rose 4.9 percent over the last 12 months, not seasonally adjusted. The index for all
items less food and energy increased 0.4 percent in April (SA); up 5.5 percent over the year (NSA).
Compensation costs increased 1.2 percent for civilian workers, seasonally adjusted, from December 2022 to March 2023. Over the year, total compensation rose 4.8 percent, wages and salaries rose 5.0 percent, and benefit costs rose 4.5 percent.
Total nonfarm payroll employment rose by 253,000 in April, and the unemployment rate changed little at
3.4 percent. Employment continued to trend up in professional and business services, health care,
leisure and hospitality, and social assistance.
The Producer Price Index for final demand rose 0.2 percent in April. Prices for final demand
services increased 0.3 percent, and the index for final demand goods advanced 0.2 percent.
Prices for final demand moved up 2.3 percent for the 12 months ended in April.
Productivity decreased 2.7 percent in the nonfarm business sector in the first quarter of 2023;
unit labor costs increased 6.3 percent (seasonally adjusted annual rates). In manufacturing,
productivity decreased 1.3 percent and unit labor costs increased 3.4 percent.
Real average hourly earnings for all employees increased 0.1 percent in April, seasonally adjusted. Average hourly earnings increased 0.5 percent, and CPI-U increased 0.4 percent. Real average weekly earnings increased 0.1 percent.
Prices for U.S. imports advanced 0.4 percent in April following a 0.8-percent drop in
March. Export prices increased 0.2 percent in April, after declining 0.6 percent the
previous month. Over the past year, import prices decreased 4.8 percent and export prices
fell 5.9 percent.
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Last Modified Date: November 30, 2022