| Summary of National Economic Data | - Last updated May 14, 2008 | ||||||||||||
| Labor Markets | |||||||||||||
| Average | Quarterly Growth, Annualized1 | Latest Data Released - 5/2 | |||||||||||
| Employment Situation | Previous | Q2-07 | Q3-07 | Q4-07 | Q1-08 | Jan-08 | Feb-08 | Mar-08 | Apr-08 | ||||
| 12 Months | |||||||||||||
| Payroll Employment Change | 39 | 316 | 259 | 272 | -111 | -76 | -83 | -81 | -20 | ||||
| (-106) | (-76) | (-80) | |||||||||||
| Civilian Unemployment Rate | 4.8 | 4.5 | 4.7 | 4.8 | 4.9 | 4.9 | 4.8 | 5.1 | 5.0 | ||||
| Aggregate Hours Index | 0.4 | 2.1 | 1.1 | 1.0 | -1.1 | -0.4 | -0.1 | 0.3 | -0.4 | ||||
| (-1.2) | (0.2) | ||||||||||||
| Civilian Labor Force | 0.9 | -0.1 | 1.0 | 1.2 | 0.0 | 0.0 | -0.3 | 0.3 | 0.1 | ||||
| Source: Bureau of Labor Statistics *Growth previous 12 months | Next Release - 6/6 | ||||||||||||
| 1Payroll data is the quarterly change in level, unemployment rate is a monthly average | |||||||||||||
| Average | Average of Monthly Data | Latest Data Released - 5/8* | |||||||||||
| Unemployment Insurance | Previous | Q2-07 | Q3-07 | Q4-07 | Q1-08 | Feb-08 | Mar-08 | Apr-08 | May-08 | ||||
| 12 Months | |||||||||||||
| Initial Claims | 333 | 315 | 317 | 337 | 352 | 346 | 374 | 365 | 365 | ||||
| (364) | (383) | ||||||||||||
| 4-week Moving Average | 367 | ||||||||||||
| (365) | |||||||||||||
| 8 wk ago | 7 wk ago | 6 wk ago | 5 wk ago | 4 wk ago | 3 wk ago | 2 wk ago | Last wk | ||||||
| Recent Weekly Data | 375 | 371 | 406 | 355 | 375 | 345 | 383 | 365 | |||||
| *Most recent data is for the latest week ending Saturday, previous week in parentheses | Next Release - 5/15 | ||||||||||||
| Source: Department of Labor, Employment and Training Administration | |||||||||||||
| Wages and Prices | |||||||||||||
| Growth | Quarterly Growth, Annualized | Latest Data Released - 5/14 | |||||||||||
| Consumer Price Index | Previous | Q2-07 | Q3-07 | Q4-07 | Q1-08 | Jan-08 | Feb-08 | Mar-08 | Apr-08 | ||||
| 12 Months | |||||||||||||
| Consumer Price Index | 3.9 | 4.6 | 2.8 | 5.0 | 4.3 | 0.4 | 0.0 | 0.3 | 0.2 | ||||
| CPI, excluding Food & Energy | 2.3 | 2.0 | 2.5 | 2.5 | 2.5 | 0.3 | 0.0 | 0.2 | 0.1 | ||||
| CPI Food | 5.1 | 4.9 | 5.1 | 3.8 | 4.9 | 0.7 | 0.4 | 0.2 | 0.9 | ||||
| CPI Energy | 15.5 | 27.7 | 2.0 | 29.3 | 18.5 | 0.7 | -0.5 | 1.9 | 0.0 | ||||
| Source: Bureau of Labor Statistics | Next Release - 6/13 | ||||||||||||
| Growth | Quarterly Growth, Annualized | Latest Data Released - 5/1 | |||||||||||
| Personal Consumption Expenditures | Previous | Q2-07 | Q3-07 | Q4-07 | Q1-08 | Dec-07 | Jan-08 | Feb-08 | Mar-08 | ||||
| 12 Months | |||||||||||||
| PCE: Chain Price Index | 3.2 | 4.3 | 1.8 | 3.9 | 3.5 | 0.3 | 0.3 | 0.1 | 0.3 | ||||
| PCE Index, excluding Food & Energy | 2.1 | 1.4 | 2.0 | 2.5 | 2.2 | 0.2 | 0.2 | 0.1 | 0.2 | ||||
| Source: Bureau of Economic Analysis | Next Update - 5/30 | ||||||||||||
| Growth | Quarterly Growth, Annualized | Latest Data Released - 4/15 | |||||||||||
| Producer Price Index | Previous | Q2-07 | Q3-07 | Q4-07 | Q1-08 | Dec-07 | Jan-08 | Feb-08 | Mar-08 | ||||
| 12 Months | |||||||||||||
| Producer Price Index | 6.9 | 8.8 | 1.6 | 9.3 | 9.0 | -0.4 | 1.0 | 0.3 | 1.1 | ||||
| (9.2) | (-0.3) | ||||||||||||
| PPI, excluding Food & Energy | 2.8 | 2.1 | 2.0 | 1.8 | 4.3 | 0.1 | 0.4 | 0.5 | 0.2 | ||||
| (1.7) | (0.2) | ||||||||||||
| Source: Bureau of Labor Statistics | Next Update - 5/20 | ||||||||||||
| Average | Average of Monthly Data | Latest Data Released - 5/14* | |||||||||||
| Oil and Commodity Prices | Previous | Q2-07 | Q3-07 | Q4-07 | Q1-08 | Feb-08 | Mar-08 | Apr-08 | May-08 | ||||
| 12 Months | |||||||||||||
| Domestic Spot Oil Price1 | 88.5 | 65.0 | 75.5 | 90.9 | 98.0 | 95.4 | 105.6 | 112.6 | 124.6 | ||||
| (116.8) | |||||||||||||
| Industrial Materials, CRB2 | 489.3 | 469.9 | 482.3 | 485.0 | 495.5 | 492.5 | 514.7 | 518.3 | 522.7 | ||||
| (520.4) | |||||||||||||
| *Most recent data is for the latest week ending today, average of previous five days in parentheses | Next Update - tomorrow | ||||||||||||
| Sources: 1 - West Texas Intermediate, 2 - Commodity Research Bureau | |||||||||||||
| Growth | Lateset Data Released - 4/30 | ||||||||||||
| Employment Cost Index | Previous | Q2-07 | Q3-07 | Q4-07 | Q1-08 | ||||||||
| 4 Quarters | |||||||||||||
| Compensation Costs, Civilian | 3.3 | 0.9 | 0.8 | 0.8 | 0.7 | ||||||||
| Wages and Salaries | 3.2 | 0.8 | 0.8 | 0.8 | 0.8 | ||||||||
| Compensation Costs, Private | 3.2 | 0.8 | 0.8 | 0.9 | 0.8 | ||||||||
| (0.9) | (0.8) | ||||||||||||
| Wages and Salaries | 3.2 | 0.8 | 0.8 | 0.8 | 0.8 | ||||||||
| Source: Bureau of Labor Statistics Note: Quarterly data are annualized growth rates | Next Release - 7/31 | ||||||||||||
| Growth | Latest Data Released - 5/7 | ||||||||||||
| Productivity and Costs | Previous | Q2-07 | Q3-07 | Q4-07 | Q1-08 | ||||||||
| 4 Quarters | |||||||||||||
| Output Per Hour | 3.2 | 2.7 | 6.0 | 1.8 | 2.2 | ||||||||
| (2.6) | (6.3) | (1.9) | |||||||||||
| Compensation Per Hour | 3.4 | 1.3 | 3.3 | 4.6 | 4.4 | ||||||||
| (3.4) | |||||||||||||
| Unti Labor Costs | 0.2 | -1.3 | -2.5 | 2.8 | 2.2 | ||||||||
| (-2.7) | (2.6) | ||||||||||||
| Source: Bureau of Labor Statistics Note: Quarterly data are annualized growth rates | Next Release - 6/4 | ||||||||||||
| Growth | Quarterly Growth, Annualized | Latest Data Released - 5/2 | |||||||||||
| Hourly Earnings | Previous | Q2-07 | Q3-07 | Q4-07 | Q1-08 | Jan-08 | Feb-08 | Mar-08 | Apr-08 | ||||
| 12 Months | |||||||||||||
| Average Hourly Earnings | 3.4 | 4.0 | 4.0 | 2.9 | 3.8 | 0.3 | 0.3 | 0.3 | 0.1 | ||||
| Source: Bureau of Labor Statistics | Next Release - 6/6 | ||||||||||||
| Consumers | |||||||||||||
| Growth | Quarterly Growth, Annualized | Latest Data Released - 5/1 | |||||||||||
| Personal Income | Previous | Q2-07 | Q3-07 | Q4-07 | Q1-08 | Dec-07 | Jan-08 | Feb-08 | Mar-08 | ||||
| 12 Months | |||||||||||||
| Personal Income | 4.0 | 3.8 | 5.6 | 4.2 | 4.4 | 0.4 | 0.3 | 0.5 | 0.3 | ||||
| Wages & Salaries | 3.3 | 1.6 | 4.1 | 3.8 | 5.3 | 0.3 | 0.6 | 0.3 | 0.5 | ||||
| (0.5) | |||||||||||||
| Real Disposable Income | 0.9 | -0.8 | 4.0 | 0.1 | 1.4 | 0.2 | 0.1 | 0.3 | 0.0 | ||||
| Real Personal Consumption Exp. | 2.0 | 1.4 | 2.8 | 2.3 | 1.0 | -0.1 | 0.1 | 0.0 | 0.1 | ||||
| Real PCE, Durable Goods | 0.2 | 1.7 | 4.5 | 2.0 | -6.1 | -0.8 | -0.7 | 0.1 | -0.5 | ||||
| (-0.8) | (0.2) | ||||||||||||
| Savings Rate* | 0.2 | 0.3 | 0.4 | 0.0 | 0.2 | 0.0 | 0.0 | 0.4 | 0.2 | ||||
| (-0.1) | (0.3) | ||||||||||||
| Source: Bureau of Economic Analysis | Next Release - 5/30 | ||||||||||||
| * For savings rate data, the annual figure is the 12-month average and the quarterly figures are monthly averages | |||||||||||||
| Growth | Quarterly Growth, Annualized | Latest Data Released - 5/13 | |||||||||||
| Retail Sales | Previous | Q2-07 | Q3-07 | Q4-07 | Q1-08 | Jan-08 | Feb-08 | Mar-08 | |||||