BLS: Productivity & Costs
The BLS released productivity and costs report and it show labor costs increased 3.5% year over year impacted by a 1.3 percent decrease in productivity. Unit labor costs in the…
BLS: September JOLTS Report
The BLS released their JOLTS report today and job opening INCREASED from the prior month. The Fed has been aggressively raising rates to cool the economy but there are now…
The Inflation Hurricane Continues
The BLS released their economic cost index summary yesterday and it shows that wage inflation is still climbing aggressively. In a world where most firms give 2% to 3% raises,…
BLS: Q2 22 Productivity Down 4.8 Percent; Labor UP 10.8 Percent
The BLS released their preliminary Productivity & Cost report and it shows productivity down 4.8 percent and labor UP 10.8 percent for 2nd quarter 2022. Nonfarm business sector labor productivity…
May Inflation 8.6 Percent!
Rough seas ahead! The BLS released the May inflation report and it was a scary 8.6 percent! Let’s take a look at the statement. The Consumer Price Index for All…
BLS Inflation: 8.3 Percent
The U.S. Bureau of Labor Statistics released the inflation number for the past month and it’s a doozy. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent…
Employment Cost Index Up
The BLS released the Employment Cost Index and the numbers continue to climb which means inflation is continuing to grow where it hurts businesses the most: labor costs. If the…
Labor, Inflation, Immigration, Boomers – The Perfect Storm – 2022 thru 2030
The Wall Street Journal had an excellent article out entitled, “Companies Plan Big Raises for Workers in 2022” and the article essentially states what we already know, finding workers is…
Second port of call – Labor Statistics
In our first port of call, demographics, we cautioned that the United States will face a tsunami of aging boomers that will likely retire at the age of 65. In…