THERIGHTFACTS.ORG

The Data that Drives Policy Lives Here.

RETAIL SALES ROSE 1.3% IN OCTOBER AHEAD OF HOLIDAY SEASON

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose 1.3% in October from September ahead of the holiday season while inflation slowed but prices remain high. Consensus among economists was a 1.0% gain. October’s 1.3% gain comes after no gains in September. Excluding autos, retail sales rose by 1.3% over […]

Read More

REAL WAGES HAVE FALLEN 2.8% IN LAST YEAR

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. The Consumer Price Index (CPI) rose 0.4% in October from September and is up 7.7% in the last year. Despite trending up between January 2017 and January 2021, real […]

Read More

INFLATION EASED IN OCTOBER, PRICES UP 7.7% IN LAST YEAR

Key Points: The Consumer Price Index (CPI) rose 0.4% in October, the same reading as September. CPI increased 7.7% from a year ago, down from 8.2% in September. Consensus among economists was an 8.2% increase. The rate of price increases remained above 5% for the seventeenth straight month. Shelter, food, and gasoline indexes increased over […]

Read More

JOB OPENINGS ROSE, HIRING FELL IN SEPTEMBER

Key Points: The number of available jobs since May 2021 continues to outnumber Americans looking for work. The tight labor market has pushed total job openings to nearly double the available workers this year, but hiring has slowed amid a broader economic slowdown. Job openings rose by 437,000 to 10.7 million in September, partially offsetting […]

Read More

UNEMPLOYMENT RATES ROSE IN 9 STATES IN SEPTEMBER

Key Points: Unemployment rates fell in 11 states and the District of Columbia, rose in 9 states, and remained stable in 30 states in September. The U.S. unemployment rate was slightly lower at 3.5% in September. 8 states and the District of Columbia have unemployment rates above the U.S. average. Minnesota has the lowest unemployment […]

Read More

BUILDER CONFIDENCE DOWN 10 STRAIGHT MONTHS

Key Points U.S. builder confidence fell again in October as the combination of rising interest rates, building material bottlenecks, and elevated home prices continue to weaken the housing market. The NAHB Housing Market index declined to a reading of 38 this month from 46 in September. This is the tenth consecutive month that builder sentiment […]

Read More

REAL WAGES HAVE FALLEN 3.0% IN LAST YEAR

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. The Consumer Price Index (CPI) rose 0.4% in September from August and is up 8.2% in the last year. Despite trending up between January 2017 and January 2021, real […]

Read More

CORE INFLATION HITS NEW 4-DECADE HIGH

Key Points: The Consumer Price Index (CPI) rose 0.4% in September from August and is up 8.2% in the last year. The core CPI which excludes food and energy rose to 6.6% in September, the highest rate since August 1982. The overall food index rose 11.2%, food at home rose 13.0%, and food away from […]

Read More

U.S. ADDS 263K JOBS IN SEPTEMBER

Key Points: Total nonfarm payroll employment rose by 263,000 in September as the unemployment rate edged down to 3.5%. Consensus among economists was a gain of 250,000 jobs. In September, the unemployed population fell to 5.75 million but there were 10.1 million job openings in August. Leisure and hospitality added 83,000 jobs in September, health […]

Read More

JOB OPENINGS FELL BY 1.1 MILLION IN AUGUST

Key Points: The number of available jobs since May 2021 continues to outnumber Americans looking for work. The tight labor market has pushed total job openings to nearly double the available workers this year, but hiring has slowed amid a broader economic slowdown. Job openings fell by 1.1 million to 10.1 million in August, down […]

Read More

HOME PRICES SEE FIRST MONTHLY DECLINE IN YEARS

Key Points: The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 15.8% in the year that ended in July, down from 18.1% in the previous month. However, the the Index fell 0.3% in July from June, the first month-over-month decline since January 2019. […]

Read More

REAL WAGES HAVE FALLEN 2.8% IN LAST YEAR

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. The Consumer Price Index (CPI) rose 0.1% in August from July and is up 8.3% in the last year. Despite trending up between January 2017 and January 2021, real […]

Read More

RETAIL SALES ROSE 0.3% IN AUGUST

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose 0.3% in August from July as inflation remained near its highest level in more than 40 years. Consensus among economists was no change. August’s 0.3% gain comes after July was revised down from 0.0% to -0.4%. Excluding autos, retail sales fell […]

Read More

U.S. JOB OPENINGS ROSE IN JULY

Key Points: The number of available jobs since May 2021 continues to outnumber Americans looking for work. The tight labor market has pushed total job openings to nearly double the available workers this year, but hiring has slowed amid a broader economic slowdown. Job openings rose to 11.2 million in July, up from the upwardly […]

Read More

HOME-PRICE GROWTH SLOWED IN JUNE

Key Points: The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 18% in the year that ended in June, down from 19.9% in the previous month. The 20-City Composite posted a 18.6% year-over-year gain, down from 20.5% in the previous month. The 10-City […]

Read More

NEW HOME SALES FALL TO 6-YEAR LOW

Key Points: New home sales fell 12.6% in July from June to a seasonally adjusted 511K. New home sales dropped in June to the lowest level since January 2016. New home sales were 29.6% lower than July 2021. June sales were also revised down to 585K from 590K. The median sales price of new houses […]

Read More

EXISTING HOME SALES FELL IN JULY FOR SIXTH STRAIGHT MONTH

Key Points: Existing-home sales fell for the sixth straight month to a seasonally adjusted annual rate of 4.81 million, the lowest rate since November 2015. Existing-home sales fell 5.9% in July from June and 20.2% from one year ago. Consensus among economists was a 0.2% drop. The median existing-home sales price climbed 10.8% from one […]

Read More

REAL WAGES CONTINUE TO DECLINE, DOWN 3% IN LAST YEAR

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. The Consumer Price Index (CPI) was unchanged in July from June and is up 8.5% in the last year. Despite trending up between January 2017 and January 2021, real […]

Read More

INFLATION COOLED IN JULY, REMAINS NEAR 40-YEAR HIGH

Key Points: The Consumer Price Index (CPI) was unchanged in July after rising 1.3% in June. CPI increased 8.5% from a year ago, down from 9.1% in June, the highest reading since the period ending November 1981. Prices remained above 5% for the fourteenth straight month. The core CPI, which excludes food and energy, rose […]

Read More

U.S. ADDED 528K JOBS IN JULY

Key Points: Total nonfarm payroll employment rose by 528,000 in July as the unemployment rate fell slightly to 3.5%. Consensus among economists was a gain of 250,000 jobs. In July, the unemployed population fell to 5.7 million but there were 10.7 million job openings in June. Employment in leisure and hospitality rose by 96,000 jobs, […]

Read More

CONSUMER SPENDING ROSE IN JUNE, PRICES REMAIN HIGH

Key Points: U.S. consumer spending rose by 1.1%, or $32.7 Billion, in June. Personal income increased by 0.6%, or $133.5 Billion, in June, the same reading as May. The overall personal consumption expenditures price index rose 1% in June and is up 6.8% from a year prior. The core personal consumption expenditures price index, which […]

Read More

NEW HOME SALES FELL TO 2-YEAR LOW IN JUNE

Key Points: New home sales fell 8.1% in June from May to a seasonally adjusted 590K. New home sales dropped in June to the lowest level since April 2020. May sales were also revised down to 642K from 696K. The volume of new single‐family home sale are down 17.4% from a year ago. The Right […]

Read More

INFLATION ACCELERATED TO 9.1% IN JUNE, LED BY GASOLINE

Key Points: The Consumer Price Index (CPI) increased 1.3% in June and is up 9.1% in the last year, the highest reading since 1981. Price increases in the last year have been broad, impacting businesses and consumers. The overall food index rose 10.4%, food at home rose 12.2%, and food away from home rose 7.7% […]

Read More

INFLATION HITS NEW 40-YEAR HIGH, UP 9.1% IN LAST YEAR

Key Points: The Consumer Price Index (CPI) increased 1.3% in June after rising 1.0% in May. CPI increased 9.1% from a year ago, the highest reading since the period ending November 1981. Prices remained above 5% for the thirteenth straight month. The core CPI, which excludes food and energy, rose 0.7% in June and is […]

Read More

U.S. ADDS 372K JOBS IN JUNE, UNEMPLOYMENT RATE HOLDS AT 3.6%

Key Points: Total nonfarm payroll employment rose by 372,000 in June as the unemployment rate was unchanged at 3.6%. Consensus among economists was a gain of 268,000 jobs. June’s job growth is the lowest since April 2021. In June, the unemployed population was essentially unchanged at 5.9 million but there were 11.3 million job openings […]

Read More

HIRING DEMAND REMAINS STRONG IN MAY

Key Points: The number of available jobs since May 2021 continues to outnumber Americans looking for work. Job openings decreased to 11.3 million in May, down from 11.4 million in April, and the record high 11.9 million in March. The U.S. added 390,000 jobs in May but there were 5.95 million people unemployed. In May, […]

Read More

CONSUMER SPENDING SLOWED IN MAY

Key Points: U.S. consumer spending rose by 0.2%, or $32.7 Billion, in May, down from 0.6% in April. Personal income increased by 0.5%, or $113.4 Billion, in May, the same reading as April. The overall personal consumption expenditures price index rose 0.6% in May and is up 6.3% from a year prior. The core personal […]

Read More

HOME PRICES UP 20.4% IN LAST YEAR

Key Points: The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 20.4% in the year that ended in April, down from 20.6% in the previous month. The 20-City Composite posted a 21.2% year-over-year gain, up from 21.1% in the previous month. The 10-City […]

Read More

INFLATION UPTICK BEGAN BEFORE RUSSIA INVADED UKRAINE

Key Points: Despite claims by the current administration that inflation is caused by the Russian invasion of Ukraine, dubbed the “Putin Price Hike”, which was used as recently as June 22, data show the rise in prices began much earlier. As the chart shows, there was an uptick in inflation starting in January of 2021, […]

Read More

9 STATES SET SERIES LOW UNEMPLOYMENT RATES IN MAY

Key Points: Unemployment rates fell in 16 states and remained stable in 34 states and the District of Columbia in May. The U.S. unemployment rate was unchanged again over the month at 3.6% in May. 9 states and the District of Columbia have unemployment rates above the U.S. average. Nebraska has the lowest unemployment rate […]

Read More

RETAIL SALES FALL AS PRICES RISE

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, fell by 0.3% in May as inflation reached its highest level in more than 40 years. Consensus among economists was a 0.2% increase. May’s 0.3% decline comes after April was revised down to 0.7% from 0.9%. Excluding autos, retail sales rose by […]

Read More

S&P 500, DOW JONES, AND NASDAQ LOSE ALL GAINS UNDER BIDEN

Key Points: The S&P 500 closed down 151 points at 3,749.84 on Monday, notably below the 3,798.91 level, which is where it closed on Jan. 19, 2021. The Dow Jones index also fell below the pre-inauguration levels of 31,930 to 30,516 on Monday. The Nasdaq index fell below the pre-inauguration levels of 13,197 long ago. […]

Read More

FOOD AND ENERGY PUSHING INFLATION TO 40 YEAR HIGH

Key Points: The Consumer Price Index (CPI) increased 1.0% in May and is up 8.6% in the last year, the highest reading since 1981. Price increases in the last year have been broad, impacting businesses and consumers. The overall food index rose 10.1%, food at home rose 11.9%, and food away from home rose 7.4% […]

Read More

AVERAGE GAS PRICES TOP $5 FOR THE FIRST TIME EVER

Key Points: The national average price of a gallon of gas has surpassed $5 for the first time ever. Overall, the price of a gallon of regular gas has increased from $3.08 one year ago to $5.01 today. The price of gas has increased $0.15 in the last week, $0.58 in the last month, and […]

Read More

INFLATION REACHES FOUR-DECADE HIGH

Key Points: The Consumer Price Index (CPI) increased 1.0% in May after rising 0.3% in April. CPI increased 8.6% from a year ago, the highest reading since December 1981. Prices remained above 5% for the twelfth straight month. The core CPI, which excludes food and energy, rose 0.6% in May and is up 6% from […]

Read More

GAS PRICES HAVE DOUBLED SINCE BIDEN TOOK OFFICE

Key Points: The national average price of a gallon of gas has consistently increased to the highest level on record at $4.87. Gas prices have doubled since Biden was inaugurated on Jan 20, 2021 when gas prices were $2.39. Overall, the price of a gallon of regular gas has increased from $3.05 one year ago […]

Read More

JOB GROWTH SLOWED IN MAY

Key Points: Total nonfarm payroll employment rose by 390,000 in May as the unemployment rate was unchanged at 3.6%. Consensus among economists was a gain of 325,000 jobs. May’s job growth is the lowest since April 2021. In May, the unemployed population was essentially unchanged at 5.95 million but there were 11.4 million job openings […]

Read More

LABOR SHORTAGE PERSISTS IN APRIL

Key Points: The number of available jobs since May 2021 continues to outnumber Americans looking for work. Job openings slipped to 11.4 million in April after reaching a record high 11.9 million in March. The U.S. added 428,000 jobs in April but there were 5.9 million people unemployed. In March, the number of hires was […]

Read More

SPENDING ROSE IN APRIL DESPITE HIGH INFLATION

Key Points: U.S. consumer spending rose by 0.9%, or $152.3 Billion, in April. Personal income increased by 0.4%, or $89.3 Billion, in April. The overall personal consumption expenditures price index rose 0.2% in April and is up 6.3% from a year prior. The core personal consumption expenditures price index, which excludes food and energy, rose […]

Read More

NEW HOME SALES PLUNGE IN APRIL

Key Points: New home sales fell 16.6% in April from March to a seasonally adjusted 591K. Consensus among economists was a 3.4% drop. New home sales dropped for the fourth consecutive month. March sales were also revised down to 709K from 763K. The volume of new single‐family home sale are down 16.6% from the March […]

Read More

10 STATES AND D.C. HAVE UNEMPLOYMENT RATES ABOVE U.S. AVERAGE

Key Points: Unemployment rates fell in 13 states and the District of Columbia and remained stable in 37 states in April. The U.S. unemployment rate was unchanged over the month at 3.6% in April. 10 states and the District of Columbia have unemployment rates above the U.S. average. Nebraska and Utah have the lowest unemployment […]

Read More

GAS PRICES BREAK RECORD HIGHS FOR PAST 11 DAYS

Key Points: The national average price of a gallon of gas has increased to the highest level on record for the 11th consecutive day to $4.59. For the first time ever, every state has gas prices above $4. Gas prices have hit new record highs every day since May 9th. This recent trend comes after […]

Read More

BUILDER CONFIDENCE PLUNGES IN MAY

Key Points U.S. builder confidence fell in May due to rapidly rising interest rates combined with the ongoing home price increases and construction costs, according to NAHB. The NAHB Housing Market index declined to a reading of 69 this month from 77 in April. This is the fifth consecutive month that builder sentiment has declined […]

Read More

RETAIL SALES RISE IN APRIL DESPITE RECORD INFLATION

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose by 0.9% in April for the fourth straight month, as inflation held close to its highest level in 40 years. Consensus among economists was a 0.7% increase. April’s 0.9% increase comes after March’s revised 1.4% increase. Excluding autos, retail sales rose […]

Read More

INFLATION REMAINS HIGH IN APRIL, LED BY FOOD AND ENERGY

Key Points: The Consumer Price Index (CPI) increased 0.3% in April and is up 8.3% in the last year, down slightly from March’s 8.5%, the highest rate since 1982. Price increases in the last year have been broad, impacting businesses and consumers. The overall food index rose 9.4%, food at home rose 10.8%, and food […]

Read More

INFLATION EASED SLIGHTLY IN APRIL

Key Points: The Consumer Price Index (CPI) increased 0.3% in April after rising 1.2% in March. CPI increased 8.3% from a year ago, down from 8.5% in the year ending in March. Prices remained above 5% for the eleventh straight month. The core CPI, which excludes food and energy, rose 0.6% in April and is […]

Read More

GAS PRICES HIT NEW ALL-TIME HIGH

Key Points: The national average price of a gallon of gas has increased to the highest level on record. Today’s $4.37 has surpassed the all-time U.S. average record of $4.32 from March 2022. Overall, the price of a gallon of regular gas has increased from $2.97 one year ago to $4.17 today. The price of […]

Read More

U.S. ADDS 428K JOBS IN APRIL

Key Points: Total nonfarm payroll employment rose by 428,000 in April as the unemployment rate was unchanged at 3.6%. In April, the unemployed population was essentially unchanged at 5.9 million but there were 11.5 million job openings in March. Employment in leisure and hospitality added 78,000 jobs, manufacturing increased by 55,000, transportation and warehousing rose […]

Read More

JOB OPENINGS HIT RECORD HIGH IN MARCH

Key Points: The number of available jobs since May continues to outnumber Americans looking for work. Job openings increased to 11.5 million in March, a record high, but there were 6 million people unemployed. Job openings are up from 11.3 million in February and above the consensus of 11 million for March. The U.S. added […]

Read More

DIESEL GAS HITS ALL TIME HIGH

Key Points: The national average price of a gallon of diesel gas has increased to the highest level on record. Today’s $5.32 has surpassed the all-time U.S. average record. Overall, the price of a gallon of diesel gas has increased from $3.09 one year ago to $5.32 today. The price of a gallon of diesel […]

Read More

SPENDING, INCOME, AND PRICES ROSE IN MARCH

Key Points: U.S. consumer spending rose by 1.1%, or $185.0 Billion, in March. Personal income increased by 0.5%, or $107.2 Billion, in March. The overall personal consumption expenditures price index rose 0.9% in March and is up 6.6% from a year prior. The core personal consumption expenditures price index, which excludes food and energy, rose […]

Read More

HOME PRICES INCREASED 19.8% IN LAST YEAR

Key Points: Home-price growth slowed slightly in September as sky-high prices deterred some buyers. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 19.8% in the year that ended in February, up from 19.1% in the previous month. The 20-City Composite posted a […]

Read More

U.S. HOME PRICES REACHED RECORD HIGH IN MARCH

Key Points U.S. home prices reached a record $375,300 in March as mortgage-interest rates rose and the shortage of homes for sale continued. Existing-home sales fell 2.7% in March from February to a seasonally adjusted annual rate of 5.77 million, the National Association of Realtors said Wednesday. Existing-home sales fell 4.5% in March from a […]

Read More

U.S. HOMEBUILDER CONFIDENCE CONTINUES TO FALL

Key Points U.S. homebuilder confidence fell in April due to rapidly rising interest rates combined with the ongoing home price increases and construction costs, according to NAHB. The NAHB Housing Market index declined to a reading of 77 this month from 79 in March. This is the fourth consecutive month that builder sentiment has declined. […]

Read More

REAL WAGES CONTINUE TO DECLINE SINCE JANUARY 2021

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite trending up between January 2017 and January 2021, real wages have trended down since January 2021. Real average hourly earnings have fallen from $32.63 in March 2021 to […]

Read More

RETAIL SALES MISS EXPECTATIONS

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose by 0.5% in March over the month. Consensus among economists was a 0.6% increase. March’s 0.5% increase comes after February’s revised 0.8% increase. Excluding autos, retail sales rose by 1.1% over the month. Spending slowed in part due to rising costs […]

Read More

INFLATION ACCELERATED IN MARCH, HITS NEW 40 YEAR HIGH

Key Points: The Consumer Price Index (CPI) increased 1.2% in March after rising 0.8% in February. CPI increased 8.5% from a year ago, the highest reading in 40 years. Prices remained above 5% for the tenth straight month. The core CPI, which excludes food and energy, rose 0.3% in March and is up 6.5% from […]

Read More

US ADDS 431K JOBS IN MARCH

Key Points: Total nonfarm payroll employment rose by 431,000 in March as the unemployment rate fell to 3.6%. Consensus among economists was a gain of 490,000 jobs. In March, the unemployed population fell to 6 million but there were 11.3 million job openings in February. Employment in leisure and hospitality added 112,000 jobs, professional and […]

Read More

SPENDING ROSE 0.2% IN FEBRUARY, PRICES ROSE 0.6%

Key Points: U.S. consumer spending rose by 0.2%, or $34.9 Billion, in February. Personal income increased by 0.5%, or $101.5 Billion, in January. The overall personal consumption expenditures price index rose 0.6% in February and is up 6.4% from a year prior. The core personal consumption expenditures price index, which excludes food and energy, rose […]

Read More

JOB OPENINGS REMAIN NEAR RECORD HIGHS

Key Points: The number of available jobs since May continues to outnumber Americans looking for work. Job openings increased slightly to 11.3 million in February but there were 6.3 million people unemployed in February. The U.S. added 678,000 jobs in February but there were 2.1 million fewer jobs than there were in February 2020. In […]

Read More

RETAIL SALES SLOWED IN FEBRUARY

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose by 0.3% in February over the month. Consensus among economists was a 0.4% increase. February’s 0.3% increase comes after January’s revised 4.9% increase. Excluding autos, retail sales rose by 0.2% over the month. Spending slowed in part due to rising costs […]

Read More

INFLATION REMAINS HIGH ACROSS THE SPECTRUM

Key Points: The Consumer Price Index (CPI) increased 0.8% in February and is up 7.9% in the last year, the highest rate since 1982. Price increases in the last year have been broad, impacting businesses and consumers. The food at home index rose 8.6% over the past 12 months. The largest increase in food was […]

Read More

REAL WAGES: SINCE JANUARY 2021, IN DECLINE

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite trending up between January 2017 and January 2021, real wages have trended down since January 2021. Real average hourly earnings have fallen from $32.16 in February 2021 to […]

Read More

INFLATION REACHED A NEW 40-YEAR HIGH IN FEBRUARY

Key Points: The Consumer Price Index (CPI) increased 0.8% in February after rising 0.6% in January. CPI increased 7.9% from a year ago, the highest reading in 40 years. Prices remained above 5% for the ninth straight month. The core CPI, which excludes food and energy, rose 0.6% in February and is up 6.4% from […]

Read More

GAS PRICES HIT HIGHEST ON RECORD

Key Points: The national average price of a gallon of gas has increased to the highest level on record. Today’s $4.17 has surpassed the all-time U.S. average record of $4.11 from July 2008. Overall, the price of a gallon of regular gas has increased from $2.77 one year ago to $4.17 today. The price of […]

Read More

U.S. ADDS 678,000 JOBS IN FEBRUARY

Key Points: Total nonfarm payroll employment rose by 678,000 in February as the unemployment rate fell to 3.8%. Consensus among economists was a gain of 150,000 jobs. Nonfarm employment is down by 2.1 Million, or 1.4%, from pre-pandemic levels in February 2020. Employment in leisure and hospitality added 179,000 jobs, professional and business services increased […]

Read More

GAS PRICES SOAR, UP $1 FROM A YEAR AGO

Key Points: Gas prices across the country continue to increase. Overall, the price of a gallon of regular gas has increased from $2.73 one year ago to $3.73 today. The price of gas has increased $0.32 in the last month, $0.19 in the last week, and $0.07 since yesterday. Currently, every states has gas prices […]

Read More

SPENDING AND PRICES ROSE IN JANUARY, INCOME FLAT

Key Points: U.S. consumer spending rose by 2.1%, or $337.2 Billion, in January. Personal income increased less than 0.1%, or $9.0 Billion, in January. The overall personal consumption expenditures price index rose 0.6% in January and is up 6.1% from a year prior. The core personal consumption expenditures price index, which excludes food and energy, […]

Read More

STRIKING THE MATCH: INFLATION IN THE UNITED STATES

Key Points: As the chart shows, there was an uptick in inflation in January of 2021, when election results gave Democrats control of the Senate. This reflected growing anticipation, by market participants, of the inflationary effects of the agenda that Democrats were likely to pass. There was then an acceleration when Democrats implemented their legislative […]

Read More

RETAIL SALES REBOUND IN JANUARY AFTER FALLING IN DECEMBER

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose by 3.8% in January over the month. Consensus among economists was a 2.0% increase. January’s 3.8% increase comes after December’s revised 2.5% decrease. Excluding autos, retail sales rose by 3.3% over the month. Spending slowed in part due to rising costs […]

Read More

INFLATION INCREASING PRICES ACROSS THE SPECTRUM

Key Points: The Consumer Price Index (CPI) increased 0.6% in January and is up 7.5% in the last year, the highest rate since 1982. Price increases in the last year have been broad, impacting businesses and consumers. The food at home index rose 7.4% over the past 12 months. The largest increase in food was […]

Read More

GAS PRICES HIGHEST IN 8 YEARS

Key Points: Gas prices across the country continue to increase. Overall, the price of a gallon of regular gas has increased from $2.47 one year ago to $3.46 today. The price of gas has increased $0.16 in the last month and $0.08 in the last week. Gas prices have not been this high since 2014. […]

Read More

U.S. ADDS 467K JOBS IN JANUARY, UNEMPLOYMENT RATE RISES TO 4.0%

Key Points: Total nonfarm payroll employment rose by 467,000 in January as the unemployment rate rose slightly to 4.0%. Consensus among economists was a gain of 150,000 jobs. Nonfarm employment is down by 2.9 Million, or 1.9%, from pre-pandemic levels in February 2020. Employment in leisure and hospitality added 151,000 jobs, professional and business services […]

Read More

JOB OPENINGS CONTINUE TO OUTPACE UNEMPLOYED POPULATION

Key Points: The number of available jobs since May continues to outnumber Americans looking for work. Job openings decreased slightly to 10.9 million in December but there were 6.3 million people unemployed in December. The U.S. added 199,000 jobs in December but there were 3.6 million fewer jobs than there were in February 2020. In […]

Read More