U.S. IMPORT AND EXPORT PRICE INDEXES - SEPTEMBER 2013

U.S. import prices advanced 0.2 percent for the second consecutive month in September, the U.S. Bureau of Labor Statistics reported today.

The increase in each of the past two months was led by rising fuel prices.

The price index for U.S. exports rose 0.3 percent in September after falling the previous six months.

PRODUCER PRICE INDEXES - MAY 2013

The Producer Price Index for finished goods rose 0.5 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today.

THE EMPLOYMENT SITUATION -- DECEMBER 2012

Nonfarm payroll employment rose by 155,000 in December, and the unemployment rate was unchanged at 7.8 percent, the U.S. Bureau of Labor Statistics reported today. 

Employment increased in health care, food services and drinking places, construction, and manufacturing.

Household Survey Data

The number of unemployed persons, at 12.2 million, was little changed
in December. The unemployment rate held at 7.8 percent and has been at
or near that level since September. (See table A-1.)

Consumer Price Index - November 2012

The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.3 percent in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today.

Over the last 12 months, the all items index increased 1.8 percent before seasonal adjustment.

The gasoline index fell 7.4 percent in November; this decrease more than offset increases in other indexes, resulting in the decline in the seasonally adjusted all items index. The energy index fell 4.1 percent in November despite increases in the indexes for natural gas and electricity. The food index rose 0.2 percent with the food at home index increasing 0.3 percent, the same increases as in October.

The index for all items less food and energy increased 0.1 percent in November after a 0.2 percent increase in October. The indexes for shelter, household furnishings and operations, airline fares, recreation, new vehicles, and medical care all increased in November,while the indexes for apparel and used cars and trucks declined.

The all items index increased 1.8 percent over the last 12 months, a decline from the 2.2 percent figure in October. The index for all items less food and energy rose 1.9 percent over the last 12 months, slightly lower than the October figure of 2.0 percent. The food index has risen 1.8 percent over the last 12 months, and the energy index has risen 0.3 percent.

Read - the complete Consumer Price Index Report

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PRODUCER PRICE INDEXES - OCTOBER 2012

The Producer Price Index for finished goods declined 0.2 percent in October, seasonallyadjusted, the U.S. Bureau of Labor Statistics reported today.

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Prices for finished goods increased 1.1 percent in September and 1.7 percent in August.

At the earlier stages of processing, prices received by manufacturers of intermediate goods edged down 0.1 percent in October, and the crude goods index moved up 0.9 percent.

On an unadjusted basis, the finished goods index advanced 2.3 percent for the 12 months ended October 2012, the largest rise since a 2.8-percent increase for the 12 months ended March 2012. (See table A.)

THE EMPLOYMENT SITUATION -- MARCH 2012

Nonfarm payroll employment rose by 120,000 in March, and the unemploymen trate was little changed at 8.2 percent, the U.S. Bureau of Labor Statistics reported today.

Employment rose in manufacturing, food services and drinking places, and health care, but was down in retail trade.

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PRODUCER PRICE INDEXES - FEBRUARY 2012

The Producer Price Index for finished goods advanced 0.4 percent in February, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today.

Finished goods prices rose 0.1 percent in January and decreased 0.1 percent in December. At the earlier stages of processing, the index for intermediate goods moved up 0.7 percent and crude goods prices increased 0.4 percent.

On an unadjusted basis, the finished goods index rose 3.3 percent for the 12 months ended February 2012, the smallest year-over-year rise since a similar 3.3-percent advance in August 2010. (See table A.)

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Read the full report and details -- Producer Price Index

EMPLOYER COSTS FOR EMPLOYEE COMPENSATION - DECEMBER 2011

Private industry employers spent an average of $28.57 per hour worked for total employee compensation in December 2011, the U.S. Bureau of Labor Statistics reported today.

Wages and salaries averaged $20.14 per hour worked and accounted for 70.5 percent of these costs, while benefits averaged $8.43 and accounted for the remaining 29.5 percent.

Total compensation costs for state and local government workers averaged $40.90 per hour worked in December 2011. Total employer compensation costs for civilian workers, which include private industry and state and local government workers, averaged $30.45 per hour worked in December 2011.

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All Employees: Government 311 (Graph)

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THE EMPLOYMENT SITUATION -- FEBRUARY 2012

Nonfarm payroll employment rose by 227,000 in February, and the unemployment rate, was unchanged at 8.3 percent, the U.S. Bureau of Labor Statistics reported today.

Employment rose in professional and businesses services, health care and social assistance, leisure and hospitality, manufacturing, and mining.

Household Survey Data

The number of unemployed persons, at 12.8 million, was essentially unchanged in February. The unemployment rate held at 8.3 percent, 0.8 percentage point below the August 2011 rate. (See table A-1.)

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Consumer Price Index - January 2012

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in January on a seasonally adjusted basis, the U.S.Bureau of Labor Statistics reported today.

Over the last 12 months,the all items index increased 2.9 percent before seasonal adjustment.

The indexes for food, energy, and all items less food and energy all rose in January, each increasing 0.2 percent. Within the food group, the index for food away from home increased while the index for food at home was unchanged; within the energy group the gasoline index increased while the index for household energy declined.

PRODUCER PRICE INDEXES - JANUARY 2012

The Producer Price Index for finished goods advanced 0.1 percent in January, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today.

Prices for finished goods declined 0.1 percent in December and moved up 0.2 percent in November. At the earlier stages of processing, the index for intermediate goods fell 0.4 percent in January, and crude goods prices increased 1.5 percent.

On an unadjusted basis, the finished goods index advanced 4.1 percent for the 12 months ended January 2012, the smallest year-over-year rise since a 3.6-percent increase in
January 2011.

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Civilians Unemployed for 27 Weeks and Over -- 6.8 Million (Graph, Chart)

In May, the number of long-term unemployed (those jobless for 27 weeks and over) was about 6.8 million. These individuals made up 46.0 percent of unemployed persons, about the same as in April.

The following is the long term view.

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Bureau Of Labor Statistics Live Chat

Next BLS live web chat: June 4

Join us on Friday, June 4, 2010, between 11:00 A.M. and 12:00 Noon Eastern Time, for the Bureau's third live Web chat. BLS subject matter experts will take your questions on national employment and unemployment data from the Current Employment Statistics and Current Population Survey programs, with a particular focus on the figures for the month of May that will be released that morning at 8:30 A.M. (and will be posted on the BLS website at www.bls.gov/news.release/empsit.nr0.htm). We will answer as many questions as possible during the allotted time. To join the discussion, go to www.bls.gov/chat/. Questions also can be submitted in advance through that link. We look forward to talking to you!

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Original content Bob DeMarco, All American Investor

Jobless 27 Weeks or Longer Soars to 5.4 Million

15.1 million Americans are now out of work. Or if you look at real unemployment-- 17 million.

One of the scariest statistics is the number of people unemployed 27 weeks or longer -- now 5.4 million. This number soared by 450,000 in the last month.

At 27 weeks, people start losing their unemployment benefits. Then what?

This number is likely to rise by another million plus by the end of the year?

This does not bode well for the economy or the the Christmas retail sales season.

Sources of Information

Real Unemployment Jumps to 17.0 Percent (Explanation)

Bureau of Labor Statistics -- Employment Situation news release

Table 12 in the Bureau of Labor Statistics

Commissioner's Statement on the Employment Situation

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Unemployed (Graph)

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Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

The Real Number--Unemployment Hits 15.6 Percent

Not many people are aware of the U-6 report that is issued by the Bureau of Labor Statistics. Most news organizations report the more popular U.S. Department of Labor: Bureau of Labor Statistics--Civilian Unemployment Rate. If you read this report today then you learned that unemployment jumped to 8.5 percent.

There is another category of unemployed that are not counted in that report. They are described in the U-6 report this way,

Marginally attached workers are persons who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the recent past. Discouraged workers, a subset of the marginally attached,have given a job-market related reason for not looking currently for a job.

The U-6 report counts everyone that is unemployed. To view the report go here.

U-6

• Total unemployed
• plus all marginally attached workers
• plus total employed part time for economic reasons
• as a percent of the civilian labor force plus all marginally attached workers

The number reported today for this series is 15.6 % (the non-seasonally adjusted number is worse at 16.2 %). This compares to 9.1 percent reported March, 2008.

This paints a very ugly picture for the future.

Unemployment rose to 25 percent during the Great Depression.

Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

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Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism

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