The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% in July on a seasonally adjusted basis. Over the last 12 months, the all items index increased 2.0%.
The core CPI, which excludes food and energy, also increased 0.1% in July and is up 1.9% year over year.
The All Food index increased 0.4% in July and is up 2.5% from a year ago. The All Energy index decreased 0.3% and is up 2.6% from a year ago.
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1.093 million. This is 15.7% above the revised June estimate of 945k, and is 21.7% above the July 2013 rate of 898k.
Single-family starts increased to an annual rate of 656k from 606k and multi-unit starts increased to 437k from 339k.
The unemployment rate decreased in 8 U.S. states in July. 30 states had increases, and 12 states and the District of Columbia had no change.
Every state has seen its unemployment rate decrease from a year ago, except in Alabama, where it has increased to 7.0% from 6.5%.
Recall that the national jobless rate in July was 6.2%.
The Producer Price Index for final demand increased 0.1% in July, seasonally adjusted. This follows a 0.4% increase in June.
The index for final demand increased 1.7% for the 12 months ended in July.
The core PPI, which excludes food and energy, increased 0.1% in July. It is up 1.6% from a year ago.
U.S. industrial production increased 0.4% in July after having increased 0.4% in June. At 104.4% of its 2007 average, total industrial production in July was 5.0% above its level of a year earlier.
The output of manufacturing increased 1.0% in July, the output of mines increased 0.3%, and the output of utilities decreased 3.4%.
Capacity utilization for total industry increased in July to 79.2%. That is 0.9% below its long-run (1972–2013) average.
Full table from the release:
Initial jobless claims for the week ending August 9 were a seasonally adjusted 311k, up from the prior week’s revised reading of 290k. Not seasonally adjusted, jobless claims for the week were 269k.
The 4-week moving average of initial jobless claims is 296k. This is nearing historic lows.
The insured unemployment rate was 1.9%, unchanged from the week prior.
The number of unemployment insurance recipients, or continuing claims, for regular state programs was 2.544 million, up from the previous week’s revised reading of 2.519 million.
Individual states that had changes in claims of more than 1k (not seasonally adjusted):
Jobless claims and the unemployment rate:
The combined value of distributive trade sales and manufacturers’ shipments for June, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1.3467 trillion. That is up 0.3% from May and up 4.7% from a year ago.
Manufacturers’ and trade inventories were estimated at an end-of-month level of $1.7431 trillion. That is up 0.4% from May and up 5.8% from a year ago.
The total business inventories-to-sales ratio based on seasonally adjusted data at the end of June was 1.294, unchanged from May. The June 2013 ratio was 1.281.