7/12: MetroIntelligence Economic Update by P. DUFFY

CPI up 0.1 percent in June and 1.6 percent year-on-year The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in June on a seasonally adjusted basis, the same increase as in May.  Over the last 12 months, the all items index increased 1.6 percent before seasonal adjustment.  The index for all items less food and energy rose 0.3 in June, its largest monthly increase since January 2018. The index for all items less food and energy rose 2.1 percent over the last 12 months. https://www.bls.gov/news.release/cpi.nr0.htm   Federal…

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7/11: MetroIntelligence Economic Update by P. DUFFY

June job openings fell 0.7 percent, still 1.4 million more than the officially unemployed Job openings fell 0.7 percent in June to 7.3 million, for about 1.4 million more unfilled jobs than the 5.9 million persons unemployed for that month.  The manufacturing sector alone accounted for over 500,000 of unfilled jobs, making it more challenging to bring those types of overseas jobs back to the U.S. At the same time, new hires fell 4.4 percent, separations fell 3.4 percent and the quits rate fell 2.6 percent. www.bls.gov/news.release/jolts.nr0.htm   May consumer…

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