| On a seasonally adjusted basis, preliminary estimates indicate Connecticut businesses added 6,300 jobs to nonfarm payrolls in April 2013. The
private sector added 5,800 workers and the public sector increased 500 positions.
The state’s unemployment rate remained unchanged at 8.0% last month. Source: CTDOL |
16 May 2013
• Connecticut Labor Situation
(Employment, unemployment, wages, hours)
• “International Migration is Projected to Become Primary Driver of U.S. Population Growth….”
| ”International migration is projected to surpass natural increase (births minus deaths) as the principal driver of U.S. population growth by the middle of this century. ”This scenario would mark the first time that natural increase was not the leading cause of population increase since at least 1850, when the census began collecting information about residents' country of birth. The shift in what drives U.S. population growth is projected to occur between 2027 and 2038, depending on the future level of international migration.” Source: USDOC-Census |
• U.S. Building Permits, Housing Starts – April 2013
(Homes, construction)
| Building Permits: Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,017,000. This is
14.3 percent (±1.0%) above the revised March rate of 890,000 and is 35.8 percent (±1.3%) above the April 2012 estimate of 749,000.
Single-family authorizations in April were at a rate of 617,000; this is 3.0 percent (±0.9%) above the revised March figure of 599,000. Housing Starts: Privately-owned housing starts in April were at a seasonally adjusted annual rate of 853,000. This is 16.5 percent (±5.2%) below the revised March estimate of 1,021,000, but is 13.1 percent (±5.1%) above the April 2012 rate of 754,000. Single-family housing starts in April were at a rate of 610,000; this is 2.1 percent (±4.8%) below the revised March figure of 623,000. The April rate for units in buildings with five units or more was 234,000. Source: USDOC-Census |
• U.S. Average Hourly Earnings – April 2013
(Real, wages, salaries, inflation)
| Real average hourly earnings rose 0.5 percent in April, seasonally adjusted. Average hourly earnings rose 0.2 percent and the CPI-U fell 0.4 percent. Real average weekly earnings were unchanged over the month. Click on chart to enlarge Source: USDOL-BLS |
• U.S. Initial Unemployment Claims Up 32k
[Jobless]
| In the week ending May 11, the advance figure for seasonally adjusted initial claims was 360,000, an increase of 32,000 from the previous week's revised figure of 328,000. The 4-week moving average was 339,250, an increase of 1,250 from the previous week's revised average of 338,000. Click on chart to enlarge The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending May 4, unchanged from the prior week's unrevised rate. The highest insured unemployment rates in the week ending April 27 were in Alaska (5.1), Puerto Rico (4.4), California (3.4), New Jersey (3.3), New Mexico (3.3), Connecticut (3.2), Pennsylvania (3.1), Nevada (3.0), Oregon (3.0), and Wisconsin (3.0). The largest increases in initial claims for the week ending May 4 were in Georgia (+2,212), New Mexico (+1,539), Kentucky (+892), Tennessee (+668), and Ohio (+552), while the largest decreases were in Connecticut (-1,434), New Hampshire (-867), Massachusetts (-756), Wisconsin (-730), and Rhode Island (-702).
Note: “Insured unemployment rate” refers to individuals who are unemployed and receiving UC benefits. Source: USDOL-BLS |
• U.S. Consumer Price Index – April 2013
(Inflation, Cost of Living)
| The Consumer Price Index for All Urban Consumers (CPI-U) increased
1.1 percent over the last 12 months to an index level of 232.531
(1982-84=100). For the month, the index decreased 0.1 percent prior
to seasonal adjustment.
Click on chart to enlarge The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 0.9 percent over the last 12 months to an index level of 228.949 (1982-84=100). For the month, the index decreased 0.2 percent prior to seasonal adjustment. The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 1.1 percent over the last 12 months. For the month, the index decreased 0.1 percent on a not seasonally adjusted basis. Please note that the indexes for the post-2011 period are subject to revision. The Consumer Price Index for May 2013 is scheduled to be released on Tuesday, June 18, 2013, at 8:30 a.m. (EDT). Source: USDOL-BLS |
15 May 2013
• U.S. Industrial Production & Capacity Utilization – April 2013
| Industrial production decreased 0.5 percent in April after having increased 0.3 percent in March and 0.9 percent in February. Manufacturing output moved down 0.4 percent in April after a decline of 0.3 percent in March. The index for utilities decreased 3.7 percent in April, as heating demand fell back to a more typical seasonal level after having been elevated in March because of unusually cold weather. The output of mines increased 0.9 percent in April. At 98.7 percent of its 2007 average, total industrial production was 1.9 percent above its year-earlier level. The rate of capacity utilization for total industry decreased 0.5 percentage point to 77.8 percent, a rate 0.1 percentage point above its level of a year earlier but 2.4 percentage points below its long-run (1972--2012) average. Source: Federal Reserve |
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