| The Producer Price Index for finished goods decreased 0.7 percent in April, seasonally
adjusted. Prices for finished goods fell 0.6
percent in March and increased 0.7 percent in February.
At the earlier stages of processing, prices received by manufacturers of intermediate goods declined 0.6 percent, and the crude goods index moved down 0.4 percent. On an unadjusted basis, prices for finished goods advanced 0.6 percent for the 12 months ended April 2013, the smallest 12-month rise since a 0.5-percent increase in July 2012. Source: USDOL-BLS |
15 May 2013
• U.S. Producer Price Index – April 2013
14 May 2013
• U.S. Import and Export Price Indexes – April 2013
| U.S. import prices fell 0.5 percent in April following a
0.2 percent decrease in March. Lower prices for both fuel and nonfuel imports contributed to the declines in
each month. Prices for U.S. exports decreased 0.7 percent in April after a 0.5 percent decline in March. Source: USDOL-BLS |
• U.S. Tax Freedom Day Was 18 April…but In Connecticut It’s 13 May
| ”Tax Freedom Day 2013 is April 18th. In 2013, Americans will pay $2.76 trillion in federal taxes and $1.45 trillion in state taxes, for a total tax bill of $4.22 trillion, or 29.4 percent of income. April 18 is 29.4 percent into the year....
”The total tax burden borne by residents of different states varies considerably, due to differing state tax policies and because of the steep progressivity of the federal tax system. This means higher income states celebrate Tax Freedom Day later: Connecticut (May 13), New York (May 6), and New Jersey (May 4). Residents of Mississippi will bear the lowest average tax burden in 2013, with Tax Freedom Day arriving for them on March 29. Also early are Louisiana (March 29) and Tennessee (April 2)....” Source: TaxFoundation.org |
13 May 2013
• U.S. Mass Layoffs – Q1 2013
| In the first quarter of 2013, 914 extended mass layoff events involved 154,374 worker separations, both measures down from first quarter 2012 levels.
Source: USDOL-BLS |
• U.S. Manufacturing and Trade Inventories and Sales - March 2013
| Sales. The combined value of distributive trade sales and manufacturers’
shipments for March, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,269.6
billion, down 1.1 percent (±0.1) from February 2013 and up 1.8 percent (±0.3) from March 2012.
Inventories. Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,640.9 billion, virtually unchanged (±0.1) from February 2013 and up 4.5 percent (±0.5) from March 2012. Inventories/Sales Ratio. The total business inventories/sales ratio based on seasonally adjusted data at the end of March was 1.29. The March 2012 ratio was 1.26. Source: USDOC-Census |
• U.S. Retail Sales – April 2013
| U.S. retail and food services sales for April, adjusted for seasonal
variation and holiday and trading-day differences, but not for price changes, were $419.0 billion, an increase of 0.1 percent (±0.3%) from the
previous month, and 3.7 percent (±0.7%) above April 2012. Total sales for the February through April 2013 period were up 3.7 percent (±0.5%) from the same period a year ago. The February to March 2013 percent change was revised from -0.4 percent (±0.5%) to -0.5 percent (±0.2%). Source: USDOC-Census |
• Connecticut Employer to Close, Layoff 174 in Shelton, Trumbull
| The CTDOL says that First Student, of Shelton and Trumbull, will lay off 174 workers effective 6/30/13; the facilities will close on that date. At least some of those to be laid off are represented by SEIU Local 2001 and by ATU Local 1336.
Source: CTDOL |
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