Cost of Living

The CPI-W (Consumer Price Index for Urban Wage Earners and Clerical Workers) was unchanged in July. In the past year, the index has decreased at a rate of 0.3%.  Medical care costs increased 0.1% in July.

 

Unadjusted Indexes This Month (June) Last Month (May)

Inflation Rate

(% Change from Last Year)

CPI-W All Items Current Base

(1982-1984=100)

233.804  232.908  -0.4

CPI-W Medical Care

(1982-1984=100)

448.880  449.766  2.4

 

Source:  U.S. Department of Labor, Bureau of Labor Statistics, Consumer Price Index Release

 

Updated 8/19/15 by IAM&AW Strategic Resources Department


Source: GOIAM.ORG

Employment and Unemployment

July 2015 

Total nonfarm payroll employment increased by 215,000

The unemployment rate is a broad, though somewhat crude measure of how workers are faring in the economy. It does not count discouraged workers, nor does it measure under-employment (for example, workers who want a full-time job but can only find part-time work). Making these adjustments would bring the measured unemployment rate up to 10.8%. But even an adjusted unemployment rate says nothing about the quality of jobs in the economy. This last point is particularly important to keep in mind, given the growth of non-standard (temporary and/or contingent) jobs in the U.S. economy.

 

This Month

Last Month

Change

Number Employed
148.840 million
148.739 million
0.10 million
Number Unemployed
8.266 million 8.299 million -0.3 million
Unemployment Rate
5.3% 5.3%

0.0%

Overall Unemployment Rate                                        
5.3%
Whites
4.6%
African-Americans
9.1%
Latinos
6.8%
Asians
4.0%
Women
4.9%
Men
  4.8% 
Teenagers
16.2%

Multiple Jobholders                             
6.997million(or 4.7% of those employed)

 

Source: U.S. Department of Labor, Bureau of Labor Statistics, The Employment Situation.

 

Updated 8/17/2015 by IAM&AW Strategic Resources Department


Source: GOIAM.ORG