Employment Weakens, Prices Surge
Labor market conditions softened, with the employment index slipping to -3.6, suggesting a decline in workforce numbers. The average workweek remained largely unchanged at -1.2.
Price pressures escalated notably. The prices paid index surged 11 points to 40.2, reaching its highest level in nearly two years. Selling prices followed suit, with the prices received index climbing 10 points to 19.6. These developments suggest that firms are experiencing rising input costs and passing some of these increases onto customers.
Outlook Deteriorates, Capital Spending Lags
Despite the near-term improvement in activity,…
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