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Economy

Economic Data (USA)

Saturday, March 16, 2024

Producer Price Index - Final Demand (PPI-FD) February 2024

The Producer Price Index - Final Demand (PPI-FD) for February 2024 was released this morning:

Previous Month: +0.3%
Actual: +0.6%

Change from 12 months previous:  +1.6%

=============

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

Previous Month: +0.6%
Actual: +0.4%

Change from 12 months previous:  +2.8%

=============

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.


 ==============

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

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Saturday, March 09, 2024

Employment Situation Report for February 2024

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

Nonfarm Payrolls (month-to-month change)
Actual: +275,000
Previous Month (Revised): 229,000
One Year Previous: 287,000

U-3 Unemployment Rate (Headline)
Actual: 3.9%
Previous Month: 3.7%
12 Months Previous: 3.6%

U-6 Unemployment Rate*
Actual: 7.3%
Previous Month: 7.2%
12 Months Previous: 6.8%

Average Hourly Earnings (month-to-month change)
Predicted: +0.4%
Actual: +0.145% (+$0.05)

Average Hourly Earnings (year-on-year change)
Predicted: +4.3%
Actual: +4.28% (+$1.42)

Average Weekly Earnings (month-to-month change)
Actual: +4.38% (+$5.17)


Average Weekly Earnings (year-on-year change)
Actual: +3.68% (+$42.07)

Civilian Labor Force Participation Rate: 62.5%
Previous Month: 62.5%
12 Months Previous: 62.5%

Average Workweek
Predicted: 34.3 hours
Actual: 34.3 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.

===================

CHART: Month-to-Month Change In Nonfarm Payroll Employment - February 2022 thru February 2024

CHART: Month-to-Month Change
In Nonfarm Payroll Employment
February 2022 thru February 2024

   ===================

 * =  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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Wednesday, March 06, 2024

Job Openings and Labor Turnover Survey (JOLTS) for January 2024

Job Openings and Labor Turnover Survey (JOLTS*) for January 2024 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 8,800,000
  • Actual:   8,863,000
-------------------------
  • Previous Month (revised): 8,889,000

  • One Year Previous: 10,425,000

  • Change from one year previous: -15.0% (-1,562,000)


=============

HIRES: 5,687,000

HIRES vs. 12 Months Previous: -10.78% (-687,000)

-----------

QUITS: 3,385,000

QUITS vs. 12 Months Previous: -12.8% (-497,000)


-----------

LAYOFFS + DISCHARGES: 1,572,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: -15.85% (-296,000)

-----------

TOTAL SEPARATIONS §: 5,341,000

TOTAL SEPARATIONS vs. 12 Months Previous: -11.23% (-676,000)

=============
 

§ = Here's How The Labor Department Defines Total Separations:


"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."


=============

CHART: Number of Jobless People per Job Opening - JANUARY 2024 UPDATE
CHART: Number of Jobless People
per Job Opening
JANUARY 2024 UPDATE

=============


=============

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Tuesday, February 27, 2024

New Home Sales During January, 2024

The January, 2024 New Home Sales report was released by the Commerce Department this morning:

------------------------------------------------------

Previous Month (revised): 651,000

  • Actual New Home Sales: 661,000

------------------------------------------------------

  • Change from 1 Month Previous: +10,000 units (+1.54%)

  • Change from 1 Year Previous: +12,000 units (+1.85%)


------------------------------------------------------

Median Price for a New Home
During January, 2024: $420,700
 

***************************

Average Price for a New Home
During January, 2024: $534,300

------------------------------------------------------

Inventory: 456,000 (8.3 months supply at current sales rate; seasonally‐adjusted estimate.)

------------------------------------------------------

================================

CHART: New Home Sales - January, 2024 Update
CHART: New Home Sales
January, 2024 Update

================================


================================


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

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

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.


================================

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Friday, February 23, 2024

New Unemployment Insurance Claims for The Week of February 17, 2024

Jobless Claims
Jobless Claims


Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on February 17, 2024:

====================

Predicted: 215,000

  • Actual: 201,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

  • Previous Week (revised): 213,000
  • 4-Week Moving Average: 215,250

====================

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Wednesday, February 21, 2024

Leading Economic Index for January 2024

The Conference Board® released its Leading Economic Index® (LEI) for January 2024 this morning:

==============

Index for January 2024: 102.7 (The baseline 100 score is associated with 2016 data.)

==============

Predicted: -0.4%

  • Actual: -0.39% (-0.4 point M/M)

  • Change from 12 Months Ago: -6.8% (-7.5 points)

==============
  • LEI for December 2023: 103.1

  • LEI for November 2023: 103.3

  • LEI for October 2023: 103.7

  • LEI for September 2023: 104.7

  • LEI for August 2023: 105.5

  • LEI for July 2023: 105.9

  • LEI for June 2023: 106.1

  • LEI for May 2023: 106.7

  • LEI for April 2023: 107.4

  • LEI for March 2023: 108.3

  • LEI for February 2023: 109.6

  • LEI for January 2023: 110.2

  • LEI for December 2022: 110.7

  • LEI for November 2022: 111.5

  • LEI for October 2022: 112.5

  • LEI for September 2022: 113.5

  • LEI for August 2022: 116.4

  • LEI for July 2022: 116.4

  • LEI for June 2022: 117.1

  • LEI for May 2022: 117.9

  • LEI for April 2022: 118.7

  • LEI for March 2022: 119.3

  • LEI for February 2022: 119.4

  • LEI for January 2022: 118.5

==============

The yellow-highlighted percentage is the month-to-month change for the index.  The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The LEI is a composite of 10 of the nation's economic data releases that's put together by The Conference Board. Statistically, the components listed below have shown a significant increase or decrease before national economic upturns or downturns:

  1. The Standard + Poor's 500 Index

  2. Average weekly claims for unemployment insurance

  3. Building permits for new private housing

  4. The interest rate spread between the yield on the benchmark 10-Year Treasury Note and Federal Funds

  5. ISM® Index of New Orders

  6. Manufacturer's new orders for consumer goods or materials

  7. Manufacturers' new orders, non-defense capital goods excluding aircraft orders

  8. Average weekly manufacturing hours

  9. Average consumer expectations for business conditions

  10. Leading Credit Index™

==============

CHART: Leading Economic Index 6-Month Growth Rate with Warning + Recession Signals - January 2024 UPDATE
CHART: Leading Economic Index
6-Month Growth Rate
with Warning + Recession Signals
January 2024 UPDATE
==============
 
From Today's Report:

"...The Conference Board Leading Economic Index® (LEI) for the U.S. fell by 0.4% in January 2024 to 102.7 (2016 = 100), following a 0.2% decline in December 2023. The LEI contracted by 3.0% over the six-month period between July 2023 and January 2024, a smaller decrease than the 4.1 percent decline over the previous six months.

'The U.S. LEI fell further in January, as weekly hours worked in manufacturing continued to decline and the yield spread remained negative,' said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. 'While the declining LEI continues to signal headwinds to economic activity, for the first time in the past two years, six out of its ten components were positive contributors over the past six-month period (ending in January 2024.) As a result, the leading index currently does not signal recession ahead. While no longer forecasting a recession in 2024, we do expect real GDP growth to slow to near zero percent over Q2 and Q3.'

The Conference Board Coincident Economic Index® (CEI) for the U.S. rose by 0.2% in January 2024 to 112.1 (2016 = 100), after a 0.2% increase in December 2023. The CEI expanded by 1.0% in the six-month period ending January 2024, down from a 0.8% growth rate over the previous six months. The CEI’s component indicators -- payroll employment, personal income less transfer payments, manufacturing and trade sales, and industrial production -- are included among the data used to determine recessions in the US. Three out of four components of the index were positive in January, with payroll employment and personal income less transfer payments having the strongest contributions, followed by a much smaller positive contribution from manufacturing and trade sales.

The Conference Board Lagging Economic Index® (LAG) for the U.S. rose by 0.4% in January 2024 to 118.6 (2016 = 100), reversing a decline of 0.4% in December 2023. The LAG is up by 0.9% over the six-month period from July to January 2024, following a decline of 0.1% over the previous six months.

The LEI still declined in January 2024 but at the slowest pace since March 2023..
."
==============
 

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Saturday, February 17, 2024

Producer Price Index - Final Demand (PPI-FD) for January 2024

The Producer Price Index - Final Demand (PPI-FD) for January 2024 was released this morning:

Previous Month: -0.1%
Actual: +0.3%

Change from 12 months previous:  +0.9%

=============

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

Previous Month: +0.2%
Actual: +0.6%

Change from 12 months previous:  +2.6%

=============

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.


 ==============

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

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

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Friday, February 16, 2024

U.S. Retail And Food Services Sales Report for January 2024

The Commerce Department this morning released advance estimates of U.S. Retail and Food Services Sales for January 2024:

Previous Month: +0.4%
  • Actual:  -0.83%(-$5,889,000)

The yellow-highlighted percentage above represents the month-to-month , seasonally adjusted change in total sales receipts for retailers that sell durable and non-durable goods, and retailers that provide food and beverage services.

=================

  • Estimated Retail Sales During January 2024: $700,291,000,000
  • Change From A Year Ago: +0.65% (+$4,515,000,000)

=================

CHART: Retail Sales - Monthly January 2021 Thru December 2024 Seasonally Adjusted
CHART: Retail Sales - Monthly
January 2021 Thru December 2024
Seasonally Adjusted

=================

================= 

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Thursday, February 15, 2024

Import and Export Price Indexes for January 2024

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for January 2024:

===============

Import Prices
Previous Reading: -0.7% (revised)
Actual: +0.8%

Change From 12 Months Previous: -1.3%

===============

Export Prices
Previous Reading: -0.7% (revised)
Actual: +0.8%

Change From 12 Months Previous: -2.4%

===============
 
The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

  • Imports: the cost of goods produced in other countries and sold in the United States.
  • Exports: the cost of goods produced in the USA and sold in other countries.


Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

=================

 CHART: Import Price Index - January 2024 Update

CHART: Import Price Index
January 2024 Update

================= 

CHART: Export Price Index - January 2024 Update

CHART: Export Price Index
 January 2024 Update

===
============


===============

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Tuesday, February 13, 2024

Consumer Price Index (CPI) for January 2024

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


=========================================

CPI During January 2024: 308.417

=========================================

Consumer Price Index, Headline

Predicted: +0.3%
Actual: +0.545% (+1.671 points)

  • Change From 12 Months Ago: +3.09% (+9.247 points)


=========================================

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

Predicted: +0.3%
Actual: +0.55% (+1.716 point)

Change From 12 Months Ago: +3.86% (+11.661 points)


=========================================

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.)

========================================

CPI During January 2023: 299.170

========================================

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

========================================

 


=========================================

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Thursday, February 08, 2024

New Unemployment Insurance Claims for The Week of February 3, 2024

Jobless Claims
Jobless Claims


Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on February 3, 2024:

====================

Predicted: 220,000

  • Actual: 218,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

  • Previous Week (revised): 227,000
  • 4-Week Moving Average: 212,250

====================

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Saturday, February 03, 2024

Employment Situation Report for January 2024

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

Nonfarm Payrolls (month-to-month change)
Actual: +353,000
Previous Month (Revised): 333,000
One Year Previous: 482,000

U-3 Unemployment Rate (Headline)
Actual: 3.7%
Previous Month: 3.7%
12 Months Previous: 3.4%

U-6 Unemployment Rate*
Actual: 7.2%
Previous Month: 7.1%
12 Months Previous: 6.7%

Average Hourly Earnings (month-to-month change)
Predicted: +0.4%
Actual: +0.553% (+$0.19)

Average Hourly Earnings (year-on-year change)
Predicted: +4.3%
Actual: +4.48% (+$1.48)

Average Weekly Earnings (month-to-month change)
Actual: -0.03% (-$0.39)


Average Weekly Earnings (year-on-year change)
Actual: +2.97% (+$33.94)

Civilian Labor Force Participation Rate: 62.5%
Previous Month: 62.5%
12 Months Previous: 62.4%

Average Workweek
Predicted: 34.4 hours
Actual: 34.1 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.

===================

CHART: Unemployment Rate - January 2024 UPDATE

CHART: Unemployment Rate
 January 2024 UPDATE

   ===================

 * =  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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Saturday, January 20, 2024

U.S. Retail And Food Services Sales Report for December 2023

The Commerce Department this morning released advance estimates of U.S. Retail and Food Services Sales for December 2023:

Previous Month+0.3%
  • Actual:  +0.554%(+$3,909,000)

The yellow-highlighted percentage above represents the month-to-month , seasonally adjusted change in total sales receipts for retailers that sell durable and non-durable goods, and retailers that provide food and beverage services.

=================

  • Estimated Retail Sales During December 2023: $709,890,000,000
  • Change From 12 Months Previous: +5.59% (+$37,554,000,000)

=================

CHART: Retail Sales - Monthly January 2021 Thru December 2023 Seasonally Adjusted
CHART: Retail Sales - Monthly
January 2021 Thru December 2023
Seasonally Adjusted

=================

================= 
 

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Friday, January 12, 2024

Consumer Price Index (CPI) for December 2023

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for December 2023:


=========================================

CPI During December 2023: 306.746

=========================================

Consumer Price Index, Headline

Predicted: +0.2%
Actual: -0.1% (-0.305 point)

  • Change From 12 Months Ago: +3.352% (+9.949 points)


=========================================

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

Predicted: +0.2%
Actual: +0.1% (+0.301 point)

Change From 12 Months Ago: +3.93% (+11.794 points)


=========================================

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.)

========================================

CPI During December 2022: 296.797

========================================

 
CHART: Consumer Price Index 12-Month Percentage Change December - 2023 Update
CHART: Consumer Price Index
12-Month Percentage Change
December 2023 Update

========================================

 


=========================================

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Friday, November 17, 2023

Producer Price Index - Final Demand (PPI-FD) for October 2023

The Producer Price Index - Final Demand (PPI-FD) for October 2023 was released this morning:

Previous Month (revised): +0.4%
Actual: -0.5%

Change from 12 months previous:  +1.3%

=============

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

Previous Month (revised): +0.3%
Actual: +0.1%

Change from 12 months previous:  +2.9%

=============

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.


 ==============

CHART: Producer Price Index   Final Demand (PPI-FD) 12-Month Percent Change - October 2023 Update
CHART: Producer Price Index
  Final Demand (PPI-FD)
12-Month Percent Change
October 2023 Update

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New Unemployment Insurance Claims for The Week of November 11, 2023

Jobless Claims
Jobless Claims


Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on November 11, 2023:

====================

Predicted: 220,000

  • Actual: 231,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

  • Previous Week (revised): 218,000
  • 4-Week Moving Average: 220,250

====================

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U.S. Retail And Food Services Sales Report for October 2023

The Commerce Department this morning released advance estimates of U.S. Retail and Food Services Sales for October 2023:

Predicted: -0.2%
  • Actual:  -0.106%(-$747,000)

The yellow-highlighted percentage above represents the month-to-month , seasonally adjusted change in total sales receipts for retailers that sell durable and non-durable goods, and retailers that provide food and beverage services.

=================

  • Estimated Retail Sales During October 2023: $704,954,000,000
  • Change From 12 Months Previous: +2.48% (+$17,083,000,000)

=================

CHART: Retail Sales - Monthly January 2021 Thru October 2023 Seasonally Adjusted
CHART: Retail Sales - Monthly
January 2021 Thru October 2023
Seasonally Adjusted

=================

================= 
 

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Wednesday, November 15, 2023

Consumer Price Index (CPI) for October 2023

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for October 2023:


=========================================

CPI During October 2023: 307.671

=========================================

Consumer Price Index, Headline

Predicted: +0.3%
Actual: -0.038% (-0.118 points)

  • Change From 12 Months Ago: +3.241% (+9.659 points)


=========================================

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

Predicted: +0.3%
Actual: +0.181% (+0.563 point)

Change From 12 Months Ago: +4.031% (+12.065 points)


=========================================

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.)

========================================

CPI During September 2022: 298.012

========================================

 
CHART: Consumer Price Index 12-Month Percentage Change - October 2023 Update

CHART: Consumer Price Index
12-Month Percentage Change
October 2023 Update

========================================

 


=========================================

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Friday, November 10, 2023

Job Openings and Labor Turnover Survey (JOLTS) for September 2023

Job Openings and Labor Turnover Survey (JOLTS*) for September 2023 was released by the Labor Department this morning:

=============

Job Openings

Predicted: 9,400,000
  • Actual:    9,553,000
-------------------------
  • Previous Month (revised): 9,497,000

  • One Year Previous: 10,854,000

  • Change from one year previous: -11.99% (-1,301,000)


=============

HIRES: 5,871,000

HIRES vs. 12 Months Previous: -5.7% (-355,000)

-----------

QUITS: 3,661,000

QUITS vs. 12 Months Previous: -9.94% (-404,000)


-----------

LAYOFFS + DISCHARGES: 1,517,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: +5.64% (+81,000)

-----------

TOTAL SEPARATIONS §: 5,530,000

TOTAL SEPARATIONS vs. 12 Months Previous: -4.82% (-280,000)

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§ = Here's How The Labor Department Defines Total Separations:


"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."


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CHART: Job Openings Rate - September 2023 UPDATE
CHART: Job Openings Rate
 September 2023 UPDATE

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New Unemployment Insurance Claims for The Week of November 4, 2023

Jobless Claims
Jobless Claims


Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on November 4, 2023:

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Predicted: 220,000

  • Actual: 217,000
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The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

  • Previous Week (revised): 220,000
  • 4-Week Moving Average: 212,250

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