Daily Economy

The Consumer Price Index rose 0.1 percent in July and is up 1.7 percent from a year ago. The volatile food and energy components had contrasting results, with food prices up 0.2 percent while energy prices fell 0.1 percent. In the food category, food-store prices rose 0.2 percent and are up 0.3 percent from a…

Producer prices were mostly lower in July. The producer price index for final demand fell 0.1 percent as the goods index fell 0.1 percent and services fell 0.2 percent. Within the goods category, food prices were unchanged in July and energy prices fell 0.3 percent. Excluding food and energy from final goods, prices fell 0.1…

Productivity, or output per hour, for the nonfarm business sector increased 0.9 percent at an annual rate in the second quarter, up from a 0.1 percent pace in the first quarter. Over the past four quarters, productivity increased 1.2 percent. Productivity is the magic bullet that helps restrain cost pressures and drives living standards over…

A record 6.16 million positions were open at the end of June, according to the Bureau of Labor Statistics, up from 5.70 million at the end of May. Private-sector employers had a record 5.59 million vacancies to fill, up from 5.17 million in May. For the total economy and the private sector, the openings rates,…

Payrolls in the United States rose by 209,000 in July, the second monthly gain above 200,000 in a row. Most, but not all, of the information in the July report was positive and provides evidence for a continuing economic expansion. First, the good news. The 209,000-job gain follows a 231,000-job increase in June and 145,000-job…

Following Tuesday’s report from the Institute for Supply Management suggesting that the manufacturing sector expanded at a slightly slower pace in July, yesterday’s report from the ISM suggests a similar performance for the non-manufacturing sector. The ISM’s non-manufacturing index pulled back to a reading of 53.9 from 57.4 in June. For this index, 50 is…

The manufacturing sector’s Purchasing Managers’ Index registered a 56.3 reading in July, down from 57.8 in June. The PMI and most of the components remain at solidly favorable levels despite small declines in the latest month. For this index, 50 is neutral, with readings above 50 suggesting expansion in manufacturing and readings below 50 suggesting…