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Key Points:
- The Consumer Price Index (CPI) rose 0.2% in July, after rising 0.3% in June.
- CPI increased 2.7% from a year ago, same reading as June, and below 2.8% expectations.
- The index for shelter rose 0.2%, the index for food was unchanged, and the energy index fell 1.1% over the month.
- The index for food at home fell 0.1% and food away from home rose 0.3%.
- The core CPI, which excludes food and energy, rose 0.3% in July and is up 3.1% from the previous year.
- The energy index is down 1.6%, the food index is up 2.9%, and shelter is up 3.7% from the previous year.
- The Right Facts will continue to monitor CPI.
Key Points:
- Retail sales, a measure of purchases at stores, restaurants and online, rose 0.6% in June, following a 0.9% decline in May.
- Consensus among economists was a 0.1% increase.
- Excluding autos, retail sales rose by 0.5% over the month.
- Retail sales were 3.9% above June 2024 while CPI data released earlier this month showed prices have increased 2.7% in the last year.
- Retail sales are not adjusted for inflation and reflect price differences as well as purchase amounts.
- Total sales for the April 2025 through June 2025 period were up 4.1% from the same period a year ago.
- The Right Facts will continue to monitor retail sales.
Key Points:
- The Consumer Price Index (CPI) rose 0.3% in June, after rising 0.1% in May.
- CPI increased 2.7% from a year ago, up from 2.4% in May, but in line with expectations.
- The index for shelter rose 0.2%, the index for food rose 0.3%, and the energy index rose 0.9% over the month.
- The index for food at home rose 0.3% and food away from home rose 0.4%.
- The core CPI, which excludes food and energy, rose 0.2% in June and is up 2.9% from the previous year.
- The energy index is down 0.8%, the food index is up 3.0%, and shelter is up 3.8% from the previous year.
- The Right Facts will continue to monitor CPI.
Key Points:
- Total nonfarm payroll employment rose by 147,000 in June and the unemployment rate fell slightly to 4.1%.
- Consensus was a gain of 110,000 jobs.
- The change in total nonfarm payroll employment for April was revised up by 11,000, from +147,000 to +158,000, and the change for May was revised up by 5,000, from +139,000 to +144,000. With these revisions, employment in April and May combined is 16,000 higher than previously reported.
- Government added 73,000 jobs in June, Healthcare added 39,000, and social assistance employment rose by 19,000.
- Federal government employment fell by 7,000 in June.
- In June, average hourly earnings for all employees on private nonfarm payrolls rose by $0.08 to $36.30.
- The average workweek for all private employees edged down by 0.1 to 34.2 hours in June.
- The labor force participation rate fell by 0.1% over the month to 62.3%.
- The Right Facts will continue to monitor employment.
Key Points:
- Job openings rose to 7.8 million in May, above consensus of 7.3 million, after April was revised up by 4,000 to 7.4 million.
- The number of job openings increased in accommodation and food services (+314,000) and in finance and insurance (+91,000). The number of job openings decreased in federal government (39,000).
- The U.S. added 139,000 jobs in May but there were 7.2 million people unemployed.
- The number of job openings for April was revised up by 4,000 to 7.4 million, the number of hires was revised up by 42,000 to 5.6 million, and the number of total separations was revised up by 25,000 to 5.3 million. Within separations, the number of quits was revised up by 21,000 to 3.2 million, and the number of layoffs and discharges was revised up by 3,000 to 1.8 million.
- In May, the number and rate of hires were little changed at 5.5 million. The number of hires decreased in federal government (-11,000).
- The number of total separations in May was little changed at 5.2 million. Total separations decreased in finance and insurance (-42,000).
- Within separations, quits (3.3 million) and layoffs and discharges (1.6 million) changed little.
- Layoffs and discharges decreased in finance and insurance (-47,000).
- The labor force participation rate decreased by 0.2% over the month to 62.4%.
- The Right Facts will continue to monitor unemployment and job openings.
Key Points:
- Retail sales, a measure of purchases at stores, restaurants and online, declined 0.9% in May, following a downwardly revised 0.1% drop in April.
- Consensus among economists was a 0.7% decline.
- Excluding autos, retail sales fell by 0.3% over the month.
- Retail sales were 3.3% above May 2024 while CPI data released earlier this month showed prices have increased 2.4% in the last year.
- Retail sales are not adjusted for inflation and reflect price differences as well as purchase amounts.
- Total sales for the March 2025 through May 2025 period were up 4.5% from the same period a year ago.
- The Right Facts will continue to monitor retail sales.
Key Points:
- The Consumer Price Index (CPI) rose 0.1% in May, after rising 0.2% in April.
- CPI increased 2.4% from a year ago, up from 2.3% in April, but beating expectations of 2.5%.
- The index for shelter rose 0.3%, the index for food rose 0.3%, and the energy index fell 1.0% over the month.
- The index for food at home and food away from home both rose 0.3%.
- The core CPI, which excludes food and energy, rose 0.1% in May and is up 2.8% from the previous year.
- The energy index is down 3.5%, the food index is up 2.9%, and shelter is up 3.9% from the previous year.
- The Right Facts will continue to monitor CPI.
Key Points:
- Total nonfarm payroll employment rose by 139,000 in May and the unemployment rate was unchanged at 4.2%.
- Consensus was a gain of 130,000 jobs.
- The change in total nonfarm payroll employment for March was revised down by 65,000, from +185,000 to +120,000, and the change for April was revised down by 30,000, from +177,000 to +147,000. With these revisions, employment in March and April combined is 95,000 lower than previously reported.
- Healthcare added 62,000 jobs in May, leisure and hospitality added 48,000, and social assistance added 16,000 jobs.
- Federal government employment fell by 22,000 in May.
- In May, average hourly earnings for all employees on private nonfarm payrolls rose by $0.15 to $36.24.
- The average workweek for all private employees was unchanged at 34.3 hours in May.
- The labor force participation rate decreased by 0.2% over the month to 62.4%.
- The Right Facts will continue to monitor employment.
Key Points:
- Job openings rose to 7.4 million in April, above consensus of 7.1 million, after March was revised up by 8,000 to 7.2 million.
- The number of job openings decreased in accommodation and food services (-135,000) and in state and local government, education (-51,000). The number of job openings increased in arts, entertainment, and recreation (+43,000) and in mining and logging (+10,000).
- The U.S. added 177,000 jobs in April but there were 7.2 million people unemployed.
- The number of job openings for March was revised up by 8,000 to 7.2 million, the number of hires was revised down by 7,000 to 5.4 million, and the number of total separations was revised up by 46,000 to 5.2 million. Within separations, the number of quits was revised up by 12,000 to 3.3 million, and the number of layoffs and discharges was revised up by 32,000 to 1.6 million.
- In April, the number and rate of hires were little changed at 5.6 million.
- The number of total separations in April was little changed at 5.3 million. Total separations increased in federal government (+9,000).
- Within separations, quits (3.2 million) and layoffs and discharges (1.8 million) changed little.
- The number of quits was down by 220,000 over the year.
- Layoffs and discharges increased in health care and social assistance (+52,000) but decreased in state and local government, excluding education (-14,000) and in federal government (-4,000).
- The labor force participation rate changed little over the month at 62.6%.
- The Right Facts will continue to monitor unemployment and job openings.
Key Points:
- U.S. consumer spending rose by 0.2%, or $47.8 billion, in April after rising 0.7% in March.
- Personal income increased by 0.8%, or $210.1 billion, in April, after rising 0.7% in March.
- The overall personal consumption expenditures price index edged up 0.1% in April and is up 2.1% from a year prior.
- The core personal consumption expenditures price index, which excludes food and energy, rose 0.1% and is up 2.5% from a year prior.
- 2.5% Core PCE index was the lowest reading since March 2021.
- The Right Facts will continue to monitor spending, prices, and income.
