Economic News Releases
MAJOR ECONOMIC INDICATORS
In September, the Consumer Price Index for All Urban Consumers rose 0.4 percent
on a seasonally adjusted basis; rising 5.4 percent over the last 12 months, not
seasonally adjusted. The index for all items less food and energy rose
0.2 percent in September (SA); up 4.0 percent over the year (NSA).
Compensation costs for civilian workers increased 0.7 percent, seasonally adjusted, from March 2021 to June 2021. Over the year, total compensation rose 2.9 percent, wages and salaries rose 3.2 percent, and benefit costs rose 2.2 percent.
Total nonfarm payroll employment rose by 194,000 in September, and the unemployment rate fell to 4.8 percent.
Job gains occurred in leisure and hospitality, in professional and business services, in retail trade, and in
transportation and warehousing. Employment in public education declined.
The Producer Price Index for final demand increased 0.5 percent in September, as prices for final
demand goods rose 1.3 percent and the index for final demand services moved up 0.2 percent.
The final demand index rose 8.6 percent for the 12 months ended in September.
Productivity increased 2.1 percent in the nonfarm business sector in the second quarter of 2021;
unit labor costs increased 1.3 percent (seasonally adjusted annual rates). In manufacturing,
productivity increased 8.0 percent and unit labor costs decreased 3.0 percent.
Real average hourly earnings for all employees increased 0.2 percent in September, seasonally adjusted. Average hourly earnings increased 0.6 percent and CPI-U increased 0.4 percent. Real average weekly earnings increased 0.8 percent over the month.
Prices for U.S. imports increased 0.4 percent in September following a 0.3-percent
decrease in August. Export prices rose 0.1 percent in September, after increasing 0.4
percent the previous month. Over the past year, import prices advanced 9.2 percent and
export prices rose 16.3 percent.
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Last Modified Date: May 28, 2021