Economic News Releases
MAJOR ECONOMIC INDICATORS
In April, the Consumer Price Index for All Urban Consumers rose 0.3 percent, seasonally adjusted,
and rose 8.3 percent over the last 12 months, not seasonally adjusted. The index for all items
less food and energy increased 0.6 percent in April (SA); up 6.2 percent over the year (NSA).
Compensation costs increased 1.4 percent for civilian workers, seasonally adjusted, from December 2021 to March 2022. Over the year, total compensation rose 4.5 percent, wages and salaries rose 4.7 percent, and benefit costs rose 4.1 percent.
Total nonfarm payroll employment increased by 428,000 in April, and the
unemployment rate was unchanged at 3.6 percent. Job growth was widespread,
led by gains in leisure and hospitality, in manufacturing, and in
transportation and warehousing.
The Producer Price Index for final demand increased 0.5 percent in April. Prices for final
demand goods advanced 1.3 percent, and the index for final demand services was unchanged.
Final demand prices moved up 11.0 percent for the 12 months ended in April.
Productivity decreased 7.5 percent in the nonfarm business sector in the first quarter of 2022;
unit labor costs increased 11.6 percent (seasonally adjusted annual rates). In manufacturing,
productivity increased 0.7 percent and unit labor costs increased 2.1 percent.
Real average hourly earnings for all employees decreased 0.1 percent in April, seasonally adjusted. Average hourly earnings increased 0.3 percent, and CPI-U increased 0.3 percent. Real average weekly earnings did not change.
Prices for U.S. imports recorded no change in April, after advancing 2.9 percent in
March. Export prices rose 0.6 percent in April following a 4.1-percent increase the
previous month. Over the past year, import prices advanced 12.0 percent and export
prices rose 18.0 percent.
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Last Modified Date: April 4, 2022