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December 17, 2020
Real average hourly earnings increased 3.2 percent from November 2019 to November 2020. The change in real average hourly earnings combined with an increase of 1.5 percent in the average workweek resulted in a 4.7-percent increase in real average weekly earnings over this period.
read full article »December 16, 2020
From November 2019 to November 2020, the Consumer Price Index for All Urban Consumers increased 1.2 percent, the same increase as for the period ending October 2020. Prices for all items less food and energy rose 1.6 percent over the last 12 months, also the same increase as the period ending October 2020. Food prices rose 3.7 percent from November 2019 to November 2020, while energy prices fell 9.4 percent.
December 15, 2020
In October 2020 the number of hires was approximately 5.8 million. During the same period, total separations was approximately 5.1 million.
December 14, 2020
Many U.S. businesses have changed their operations and employment because of the COVID-19 pandemic. Since January 1, 2020, 60 percent of establishments in which workers were paid an average annual wage of less than $20,000 in 2019 told at least some employees not to work. This compared with 39 percent of establishments paying an average wage greater than $80,000.
December 11, 2020
Nonfarm business sector labor productivity increased 4.6 percent at an annual rate in the third quarter of 2020, as output increased 43.4 percent and hours worked increased 37.1 percent. These were the largest gains for output and hours worked since 1947.