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Labor productivity increased in 24 of 31 selected service-providing industries from 2019 to 2024. The highest annual productivity gains from 2019 to 2024 were in cable and other subscription programming (+8.8 percent per year) and travel arrangement and reservation services (+7.5 percent). The largest annual declines in productivity during this period occurred in warehousing and storage (−7.4 percent) and couriers and messengers (−5.8 percent).
read full article »South Dakota had the lowest state unemployment rate in June 2025, 1.8 percent. The District of Columbia had the highest jobless rate, 5.9 percent. The next highest rates were in California and Nevada, 5.4 percent each. In total, 18 states had unemployment rates lower than the U.S. figure of 4.1 percent, 6 states and the District had higher rates, and 26 states had rates that were not appreciably different from that of the nation.
From June 2024 to June 2025, import air passenger fares decreased 3.7 percent, as European fares increased 1.2 percent, Asian fares decreased 11.9 percent, and Latin American/Caribbean fares decreased 2.2 percent.
Final demand producer prices rose 2.3 percent (not seasonally adjusted) for the 12 months ended in June 2025. The index for final demand less foods, energy, and trade services increased 2.5 percent over the year.