Economic News Releases
MAJOR ECONOMIC INDICATORS
In March, the Consumer Price Index for All Urban Consumers rose 0.6 percent
on a seasonally adjusted basis; rising 2.6 percent over the last 12 months,
not seasonally adjusted. The index for all items less food and energy
increased 0.3 percent in March (SA); up 1.6 percent over the year (NSA).
Compensation costs increased 0.7 percent for civilian workers, seasonally adjusted, from September 2020 to December 2020. Over the year, total compensation rose 2.5 percent, wages and salaries rose 2.6 percent, and benefit costs rose 2.3 percent.
Total nonfarm payroll employment rose by 916,000 in March, and the unemployment
rate edged down to 6.0 percent. These improvements in the labor market reflect
the continued resumption of economic activity that had been curtailed due to
COVID-19. Job growth was widespread in March.
The Producer Price Index for final demand rose 1.0 percent in March, as prices for final demand
goods advanced 1.7 percent, and the index for final demand services moved up 0.7 percent. The
final demand index increased 4.2 percent for the 12 months ended in March.
Productivity decreased 4.2 percent in the nonfarm business sector in the fourth quarter of 2020;
unit labor costs increased 6.0 percent (seasonally adjusted annual rates). In manufacturing,
productivity increased 5.0 percent and unit labor costs decreased 8.8 percent.
Real average hourly earnings for all employees decreased 0.8 percent over the month in March, seasonally adjusted. Average hourly earnings decreased 0.1 percent and CPI-U increased 0.6 percent. Real average weekly earnings increased 0.1 percent over the month.
Prices for U.S. imports increased 1.2 percent in March following a 1.3-percent advance in
February. Export prices rose 2.1 percent in March, after increasing 1.6 percent the
previous month. Over the past year, import prices advanced 6.9 percent and export prices
rose 9.1 percent.
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Last Modified Date: April 8, 2021