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

Jobless rate down in 21 states, up in 17 in Mar.; payroll jobs up in 34 states, down in 16

Regional and state unemployment rates were generally little changed in March. Twenty-one states had unemployment rate decreases, 17 states and the District of Columbia had increases, and 12 states had no change, the U.S. Bureau of Labor Statistics reported today. Forty-six states and the District of Columbia had unemployment rate decreases from a year earlier and four states had increases. The national jobless rate was unchanged from February at 6.7 percent but was 0.8 percentage point lower than in March 2013. Continue reading

Housing Permits, Sales, Starts Slow In March

The U.S. Census Bureau and the Department of Housing and Urban Development that Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 990,000, down 2.4 percent from the revised February rate of 1,014,000, but up 11.2 percent from the March 2013 estimate of 890,000.

Single-family authorizations in March were at a rate of 592,000; up 0.5 percent from the revised February figure of 589,000. Authorizations of units in buildings with five units or more were at a rate of 370,000 in March. Continue reading

Real Average Hourly Earnings Declined In March

All employees

Real average hourly earnings for all employees fell 0.3 percent from February to March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This decrease stems from unchanged average hourly earnings and a 0.2 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings rose 0.3 percent over the month due to the 0.3 percent decrease in real average hourly earnings being more than offset by a 0.6 percent increase in the average workweek.

Real average hourly earnings rose 0.5 percent, seasonally adjusted, from March 2013 to March 2014. The increase in real average hourly earnings, combined with an unchanged average workweek, resulted in a 0.5 percent increase in real average weekly earnings over this period.

Production and nonsupervisory employees

Real average hourly earnings for production and nonsupervisory employees fell 0.3 percent from February to March, seasonally adjusted. This decrease stems from a 0.1 percent decrease in average hourly earnings and a 0.2 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

Real average weekly earnings rose 0.6 percent over the month due to the decrease in real average hourly earnings being more than offset by a 0.9 percent increase in the average workweek.

Real average hourly earnings rose 0.8 percent, seasonally adjusted, from March 2013 to March 2014. The increase in real average hourly earnings, combined with a 0.3 percent decrease in the average workweek, resulted in a 0.5 percent increase in the real average weekly earnings over this period.

CPI Up In March Driven By Food And Shelter

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in March on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.5 percent before seasonal adjustment.

Increases in the shelter and food indexes accounted for most of the seasonally adjusted all items increase. The food index increased 0.4 percent in March, with several major grocery store food groups increasing notably. The energy index, in contrast, declined slightly in March as decreases in the gasoline and fuel oil indexes more than offset increases in the indexes for electricity and natural gas. Continue reading

Manufacturers’ Shipments Up In February

The U.S. Census Bureau announced today that the combined value of distributive trade sales and manufacturers’ shipments for February, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,311.8 billion, up 0.8 percent from January 2014 and were up 1.8 percent from February 2013.

Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,715.6 billion, up 0.4 percent from January 2014 and up 4.2 percent from February 2013.

The total business inventories/sales ratio based on seasonally adjusted data at the end of February was 1.31. The February 2013 ratio was 1.28.