Weekly Earnings Rise, Real Earnings Remain Flat
Takeaway: The latest data from the BLS shows that while nominal earnings rose, real earnings were flat from the same time last year. The Bureau of Labor Statistics released the Q2 data on weekly earnings this Tuesday, showing small gains in nominal wages. But persistent inflation is wiping out those gains. For the nearly 121 million full-time workers in the US economy, median weekly earnings rose by $53 from the second quarter of last year to $1,251. That's a rise of about 4.
Nate Griffin
Jul 251 min read
Import Prices Rise Again
Monthly Import Prices Increase Again In June, But Appear To Be Leveling Off The Import Price Report for June shows that import prices increased slightly - a 0.3 percent increase. However, import prices remain elevated, mainly due to the rise in fuel costs as a result of the war in Iran. Import prices began to rise sharply in February, coinciding with the beginning of the airstrikes targeting high-ranking officials in Iran. Shortly thereafter, Iran closed the Strait of Hormuz,
Nate Griffin
Jul 171 min read
Latest CPI Release
Prices Actually Fell In June, What's Driving The Decline? The Consumer Price Index (CPI) fell 0.4 percent last month, the first monthly decline since the pandemic, offering a tentative sign that the Federal Reserve’s inflation fight may finally be gaining traction. But the broader picture remains less encouraging. Prices are still 3.5 percent higher than a year ago, keeping inflation well above the Fed’s 2 percent target. That persistent pressure makes it likely that policyma
Nate Griffin
Jul 152 min read
Inflation Report: October's Inflation Numbers
Details on the latest inflation numbers
Nate Griffin
Nov 10, 20221 min read
April's Construction Spending Report
Spending on new homes rose by 18.2 percent from the previous year, but rising costs and interest rates could slow down the pace of...
Nate Griffin
Jun 10, 20222 min read
Job Openings Decline Slightly
Job openings decline slightly in April, but remain some of the highest ever recorded. By Nate Griffin - Tuesday, June 1st, 2022 The...
Nate Griffin
Jun 2, 20221 min read
Home Prices Up 20 Percent From Last Year
Home prices rose 20.6 percent in March from the same time last year, but will rising interest rates take the punch bowl away from the party?
Nate Griffin
Jun 1, 20222 min read
April's Wage Report
The Bureau of Labor Statistics released its monthly Real Earnings report for the month of April. The report shows that real wages fell sligh
Nate Griffin
May 21, 20222 min read
November's Employment Changes by Industry
As states recover from massive job losses over 2020, which industries have seen the most growth?
Nate Griffin
Dec 27, 20211 min read
