Producer Price Index - Final Demand (PPI-FD) for September2024

Here is the Producer Price Index - Final Demand (PPI-FD) for September 2024:

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Previous Month: +0.2%

• Actual: FLAT

Change from 12 months previous:  +1.8%  (prior = +1.7%)

Below is the PPI-FD when food, energy and trade services are removed:

Previous Month: +0.3%

• Actual: +0.2%

Change from 12 months previous:  +3.2%  (prior = +3.3%)

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The above, yellow-highlighted percentages represent the month-to-month change in prices received by domestic producers of goods and services, for goods, services and construction in the United States, for final demand.

Final Demand = personal consumption (consumers), exports, government purchases and capital investment.

The PPI-FD is released by the Labor Department's Bureau of Labor Statistics.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

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CHART: Producer Price Index
  Final Demand (PPI-FD)
12-Month Percent Change
SEPTEMBER 2024 Update

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• Click here to view the full Labor Department report.

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Consumer Price Index (CPI) for September 2024

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for September 2024:

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CPI During September 2024: 315.301

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Consumer Price Index, Headline

Predicted: +0.5%

->  Actual: +0.16% (+0.505 point) M/M

 > Year-on-Year Change: +2.44 %(+7.512 points)

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Consumer Price Index, Minus Food + Energy (Core CPI)

Predicted: +0.5%

 - > Actual: +0.34% (+1.092 points) M/M

> Year-on-Year Change: +3.31% (+10.292 points)

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The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

• Healthcare
• Housing
• Clothing
• Communications
• Education
• Transportation
• Food and Beverages
• Recreation
• Miscellaneous Goods and Services (grooming expenses, etc.)

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CPI During September 2023: 307.789

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CHART: Consumer Price Index
12-Month Percentage Change
SEPTEMBER 2024 Update

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• Click here to view the full Labor Department report.
  

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Crude Oil Inventories Report for Week of October 4, 2024

Crude Oil Inventories

The U.S. Crude Oil Inventories report for the week that ended on October 4, 2024 was released this morning:

-- Change from Last Week: +5,800,000 Barrels

-- Change from A Year Ago (Y/Y): -1,500,000 Barrels

-- Current U.S. Crude Oil Stocks: 422,700,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil and fuel prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

• Click Here for the Weekly Crude Oil Price
  
  

• Click Here for A Crude Oil Price Chart
  
  
• Click Here for the Full Week in Petroleum report
  

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Challenger Job Cuts Report for September 2024

The global outplacement consultancy Challenger, Gray and Christmas, Inc. released its job cuts report, for September 2024:

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Job Cuts Announced During September 2024: 72,821

• Previous month: 75,891

• Change from previous month: -4.05% (-3,070 cuts)

• Change from one year previous: +53.45% (+25,364 cuts)
  

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If corporate layoffs are high, consumer spending may decline, since there would be fewer people with steady jobs.

When corporate layoffs are low, this can mean that the job market is relatively tight, which can be a harbinger of wage inflation.
 

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Challenger Report - Announced Jobs Cuts
September 2024 UPDATE

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Challenger Report - Month by Month TOTALS
September 2024 UPDATE
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• Click here to read the full Challenger, Gray and Christmas report

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Employment Situation Report for September 2024

The Employment Situation Report for September 2024 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +254,000

Previous Month (Revised): 159,000
One Year Previous: 246,000

U-3 Unemployment Rate (Headline)
Actual: 4.1%
Previous Month: 4.2%
12 Months Previous: 3.8%

U-6 Unemployment Rate*
Actual: 7.7%
Previous Month: 7.9%
12 Months Previous: 7.0%

Average Hourly Earnings (month-to-month change)
Predicted: +0.4%
Actual: +0.37% (+$0.13)

Average Hourly Earnings (year-on-year change)
Predicted: +4.1%
Actual: +3.97% (+$1.35)

Average Weekly Earnings (month-to-month change)
Actual: +0.08% (+$0.92)

Average Weekly Earnings (year-on-year change)
Actual: +3.37% (+$39.37)

Civilian Labor Force Participation Rate: 62.7%
Previous Month: 62.7%
12 Months Previous: 62.8%

Average Workweek: 34.2 hours
Previous Month: 34.3 hours
One Year Previous: 34.4 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

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CHART: Civilian Unemployment Rate
SEPTEMBER 2004 THRU SEPTEMBER 2024

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 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

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• Click here to view the full Department of Labor report.

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