The price of goods used in new residential construction (including energy) was up 1.8% in September and up 9.7% from last year, while the price of services was up 2.2% over the month and up 11.3% from last year, according …
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Inflation Rises in September as Energy Prices Remain High
The Consumer Price Index increased 0.6% on a seasonally adjusted basis in September after rising 0.4% in August, according to the U.S. Bureau of Labor Statistics. Over the last 12 months, the all items index increased 3.7% before seasonal adjustment. …
Read More »U.S. Employment Holds Steady in September as Economy Adds 29,000 Jobs
The U.S. economy added 29,000 jobs in September while the unemployment rate increased to 4.2%, both showing little change from August’s report, according to the U.S. Bureau of Labor Statistics (BLS). Total nonfarm payroll employment changed little in September (+29,000), …
Read More »August Inflation Remains Steady Amid Rising Energy Prices
Inflation in August remained sticky as renewed tensions with Iran continued pushing up oil prices, keeping pressure on the Fed to consider a rate hike at its upcoming meeting, according to an analysis from the National Association of Home Builders. …
Read More »U.S. Adds 162,000 Jobs in August Amid Manufacturing, Construction Gains
The U.S. economy added 162,000 in August as hiring was unexpectedly up during the month, according to the U.S. Bureau of Labor Statistics’ latest report. The unemployment rate was unchanged at 4.1%, and the number of unemployed people changed little …
Read More »Construction Job Openings Up in July Amid Demand for Data Center Construction
The number of open positions in the construction sector increased in July, according to the latest Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down from three years ago due to …
Read More »Inflation Slows in June Amid Lower Energy Prices
Inflation slowed to 3.5% in June, down from a three-year high in May, largely driven by a ceasefire agreement in mid-June that stabilized oil markets and lowered energy prices. The decline in energy prices offset increases in shelter and food, …
Read More »Construction Job Openings Up in May
The number of open positions in the construction sector increased in May, according to the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down measurably from three years ago due to …
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