In 2004, the Producer Price Index (PPI) introduced indexes tracking the average changes in prices received by the nonresidential building construction sector. For these calculations, PPI has collected information describing costs for labor and materials, as well as builder overhead and markup for construction activities. This Beyond the Numbers article provides updated information that supplements two previous articles from the PPI relating to nonresidential building construction.Read full article »
From 2010 to 2020, national employment increased by 12 million jobs, or 9.4 percent, recovering beyond pre-Great Recession levels. At the same time, the manufacturing sector recovered only about 600,000 (24 percent) of the 2.5 million jobs lost during the Great Recession. Similarly, production occupations within the manufacturing sector recovered only about 200,000 (13 percent) of the 1.5 million jobs lost.
Pets are big business. Whether they are cats and dogs, or turtles and fish, there is no doubt that consumers love spoiling their pets. Pet owners often say that pets are important members of their families; they are great companions that provide their humans with many mental and physical health benefits. It is no surprise that pet-related expenses make up a growing part of consumers’ budgets. This article compares pet expenditures to other consumer expenditure trends.
Starting in March 2020, U.S. consumers experienced major changes in the economy as the nation tried to contain the spread of COVID-19. 2020 marked the first decline in annual healthcare expenditures in a quarter of a century. Exploring changes in consumer healthcare spending components, before and during the onset of the COVID-19 pandemic, by income, age, and family composition can provide insight into how consumers allocate healthcare spending during a period of health-related uncertainty.