About Stern And Company

Nevadan At Work PhotoStern And Company, a Portland, Oregon Strategic Communications and Crisis Managment firm, develops and implements strategic and communications programs for its clients. Its professionals have senior level, long tenured experience as journalists in either the major media or as senior level communications executives at the nation’s leading public relations agencies or major corporations. This blog serves as Stern And Company’s primary website. Please note the sidebar to learn more about Stern And Company, as well as the continuation of this post. Continue reading

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June CPI Up On Higher Gas Prices

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.1 percent before seasonal adjustment.

In contrast to the broad-based increase last month, the June seasonally adjusted increase in the all items index was primarily driven by the gasoline index. It rose 3.3 percent and accounted for two-thirds of the all items increase. Other energy indexes were mixed, with the electricity index rising, but the indexes for natural gas and fuel oil declining. The food index decelerated in June, rising only slightly, with the food at home index flat after recent increases.

The index for all items less food and energy also decelerated in June, increasing 0.1 percent after a 0.3 percent increase in May. The indexes for shelter, apparel, medical care, and tobacco all increased in June, and the index for household furnishings and operations rose for the first time in a year. However, the index for new vehicles declined after recent increases, and the index for used cars and trucks also fell. Continue reading

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Real Average Hourly Earnings For All Employees Flat In June

Real average hourly earnings for all employees was unchanged from May to June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from a 0.2 percent increase in the average hourly earnings being offset by a 0.3 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings was unchanged over the month due to both real average hourly earnings and the average workweek being unchanged.

Real average hourly earnings declined 0.1 percent, seasonally adjusted, from June 2013 to June 2014. The decrease in real average hourly earnings, combined with an unchanged average workweek, resulted in a 0.1 percent decline in real average weekly earnings over this period.

Production and nonsupervisory employees

Real average hourly earnings for production and nonsupervisory employees declined 0.1 percent from May to June, seasonally adjusted. This result stems from a 0.2 percent increase in average hourly earnings being more than offset by a 0.3 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

Real average weekly earnings declined 0.1 over the month due to the decrease in real average hourly earnings combined with an unchanged average workweek.

Real average hourly earnings rose 0.2 percent, seasonally adjusted, from June 2013 to June 2014. The increase in real average hourly earnings, combined with an unchanged average workweek, resulted in a 0.2 percent increase in real average weekly earnings over this period.

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June jobless rates down in 22 states, up in 14; payroll jobs up in 33 states, down in 17

Regional and state unemployment rates were generally little changed in June. Twenty-two states and the District of Columbia had unemployment rate decreases from May, 14 states had increases, and 14 states had no change, the U.S. Bureau of Labor Statistics reported today. Forty-nine states and the District of Columbia had unemployment rate decreases from a year earlier and one state had an increase. The national jobless rate declined to 6.1 percent from May and was 1.4 percentage points lower than in June 2013. Continue reading

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June Housing Starts Down From May; Up From Last Year

Privately-owned housing starts in June were at a seasonally adjusted annual rate of 893,000. This is 9.3 percent below the revised May estimate of 985,000, but is 7.5 percent above the June 2013 rate of 831,000.

Single-family housing starts in June were at a rate of 575,000; this is 9.0 percent below the revised May figure of 632,000. The June rate for units in buildings with five units or more was 305,000. Continue reading

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June Producer Prices Rose

The Producer Price Index for final demand rose 0.4 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This increase followed a 0.2-percent decline in May and a 0.6-percent advance in April. On an unadjusted basis, the index for final demand moved up 1.9 percent for the 12 months ended in June.

In June, the 0.4-percent increase in final demand prices can be traced to a 0.5-percent advance in the index for final demand goods and a 0.3-percent rise in prices for final demand services. Continue reading

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