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BLS Releases March 2017 Consumer Price Index (Apr. 2017)

04.14.2017

According to the Bureau of Labor Statistics, the Consumer Price Index for all urban consumers (CPI-U) decreased 0.3 percent in March on a seasonally-adjusted basis.  A decline in the gasoline index was the main cause of the decrease.  The gasoline index fell 6.2 percent in March 2017.  The food index rose 0.3 percent in March following a 0.2 percent increase in February, and the energy index fell 3.2 percent in March following a 1.0 percent decline in February.

Excluding the volatile costs of food and energy, the index for all items less food and energy declined by 0.1 percent in March, primarily due to the decrease in the indexes for communication (less 3.5 percent), used cars and trucks (less 0.9 percent), new vehicles (less 0.3 percent), and apparel (less 0.7 percent). 

The all items index has risen 2.4 percent over the last 12 months before seasonal adjustment; a smaller increase than the 2.7 percent rise for the period ending in February.  The indexes for shelter and medical care both rose 3.5 percent over the past 12 months. 

The full press release can be found via the link below.

Next release is Friday, May 12, 2017 for the April 2017 Consumer Price Index.


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BLS Releases March 2017 Employment Situation (Apr. 2017)

04.07.2017

Employers added 98,000 nonfarm payroll jobs in March of 2017, according to the Bureau of Labor Statistics.  The unemployment rate declined to 4.5 percent.

Job gains occurred in professional and business services, but there were job losses in retail trade. The number of jobs in professional and business services increased by 56,000 over the month, while retail trade lost 30,000 jobs.

Job growth in February 2017 was revised to 219,000, down from the initially estimated 235,000.  Over the past three months, job growth has averaged 178,000 additions a month. 

Average hourly earnings rose by five cents to $26.14, following a seven-cent increase in February.   Over the year, average hourly earnings have risen 2.7 percent.  

 

The full BLS press release on the March 2017 employment situation can be accessed in the link below:

 

 

The next employment situation report for April 2017 will be released on Friday, May 5, 2017. 


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The Forensic Economist, An Economic Newsletter for Lawyers: Lost Household Services as an Element of Economic Damages in Personal Injury and Wrongful Death (March 2017)

03.22.2017


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BLS Releases February 2017 Consumer Price Index (Mar. 2017)

03.15.2017

According to the Bureau of Labor Statistics, the Consumer Price Index for all urban consumers (CPI-U) increased 0.1 percent in February on a seasonally-adjusted basis.  This increase was the smallest one-month rise since July 2016.  A decline in the gasoline index offset increases in the food, shelter, and recreation indexes.  The energy index fell 1.0 percent in February 2017, while the gasoline index fell 3.0 percent after a 7.8 percent increase in January.  The food index rose 0.2 percent in February, its largest rise since September 2015.

Excluding the volatile costs of food and energy, the index for all items less food and energy rose by 0.2 percent in February, primarily due to the increase in the indexes for shelter, recreation, apparel, airline fares, motor vehicle insurance, education, and health care, although the indexes for communication, used cars and trucks, new vehicles, and household furnishings and operations declined. 

The all items index has risen 2.7 percent over the last 12 months before seasonal adjustment; the all items index has been trending upward since a July 2016 low of 0.8 percent.   

The full press release can be found via the link below:

Next release is Friday, April 14, 2017 for the March 2017 Consumer Price Index.


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BLS Releases February 2017 Employment Situation (Mar. 2017)

03.10.2017

The U.S. economy continued to create jobs at a modest pace in February, according to the Bureau of Labor Statistics.  Employers added 235,000 nonfarm payroll jobs in February of 2017.  The unemployment rate was little changed at 4.7 percent. 

Job gains occurred in construction, private educational services, manufacturing, and health care. The number of jobs in construction increased by 58,000 over the month, private educational services by 29,000 jobs, manufacturing by 28,000 jobs, and health care by 27,000 jobs.

Job growth in January 2017 was revised to 238,000, up from the initially estimated 227,000.  Over the past three months, job growth has averaged 209,000 additions a month. 

Average hourly earnings rose by six cents to $26.09, following a five-cent increase in January.   Over the year, average hourly earnings have risen 2.8 percent. 

The full BLS press release on the February 2017 employment situation can be accessed in the link below.

The next employment situation report for March 2017 will be released on Friday, April 7, 2017. 


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