Tag Archive for ‘BLS’

Softwood Lumber, OSB, and Gypsum Lead 2017 Price Increases

Prices paid for OSB (-13.0%), softwood lumber (-1.0%), and inputs to residential construction (-0.1%), all decreased in December, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics. The index for gypsum products advanced (+1.6%). Over the course of 2017, the price paid for every major input to construction NAHB tracks has increased. The following… Read More ›

Producer Price Index Posts Broad-Based Gains

Inflation in prices received by producers (prior to sales to consumers) increased 0.5% in June according to the latest Producer Price Index release by the Bureau of Labor Statistics.  The increase was driven by a 0.4% increase in the price of services, while the final demand index for goods rose 0.8% (the price of services is weighted roughly double the… Read More ›

The Employment Situation for July – Not Sinking, Not Swimming

A somewhat disappointing employment report capped a week of economic reports, including GDP from the Commerce Department and monetary policy from the Federal Reserve (GDP/FOMC), that point to an economy treading water. The Bureau of Labor Statistics (BLS) released the Employment Situation report for July. From the establishment survey, total nonfarm payrolls expanded by a lower than expected 162,000, with… Read More ›

The Employment Situation for October – Continued Positive But Subpar Gains

The Employment Situation report for October released by the Bureau of Labor Statistics (BLS) Friday continued the recent pattern of positive but subpar gains in the labor market. The establishment survey reported payroll employment expanded by 171,000 based on an increase of 184,000 in private sector payrolls and a decline of 13,000 in the government sector. August and September estimates… Read More ›

The Employment Situation for September – Weak Payrolls and Noisy Unemployment Rate

The Employment Situation report for September released by the Bureau of Labor Statistics (BLS) today surprised analysts with a 0.3 percentage point decline in the unemployment rate, from 8.1% in August to 7.8% in September. Unlike last month when the decline in the unemployment rate from 8.3% to 8.1% was attributable to a shrinking labor force, the September decline was… Read More ›

The Employment Situation for August – Wrong Again

The Bureau of Labor Statistics (BLS) released the Employment Situation report for August today. Nonfarm payroll employment extended its troublingly lackluster streak adding a meager 96 thousand jobs, down from a revised 141 thousand last month. The private sector added 103 thousand while the government sector shed another 7 thousand. Figures for the prior two months were revised downward by… Read More ›

The Employment Situation for July – Mixed

The Bureau of Labor Statistics (BLS) released the Employment Situation report for July. The top line numbers show total nonfarm payrolls increased by 163 thousand, with private payrolls adding 172 thousand and government subtracting 9 thousand. Revisions to the prior two months lowered employment by 6 thousand for those months. The unemployment rate ticked up a tenth to 8.3 percent,… Read More ›