This Is An Open Thread
Hey TNBers. Welp, we made it to Friday. Woot!
Just a few things to finish up Thursday Bits then we will dive into June Jobs Report and Friday Bits. So let’s get hopping.
Thursday, July 6, 2023 Bits.
Thursday @POTUS bits: 9 tweets
Thursday White House Briefing Room bits:
President Joseph R. Biden, Jr. Approves South Dakota Disaster Declaration
JULY 06, 2023
PRESIDENTIAL ACTIONS
Remarks by Vice President Harris at a Gila River Tribal Nation Event
JULY 06, 2023
SPEECHES AND REMARKS
Remarks by President Biden on Bidenomics
JULY 06, 2023
SPEECHES AND REMARKS
Presidential Permit Authorizing the General Services Administration to Expand and Continue to Operate and Maintain a Vehicular and Pedestrian Border Crossing at the Calexico East Land Port of Entry to Mexico
JULY 06, 2023
PRESIDENTIAL ACTIONS
FACT SHEET: Biden-Harris Administration Advances Gateway Hudson River Tunnel Project
JULY 06, 2023
STATEMENTS AND RELEASES
Press Gaggle by Deputy Press Secretary Andrew Bates En Route West Columbia, SC
JULY 06, 2023
PRESS BRIEFINGS
Friday, July 7, 2023 Bits.
June 2023 Jobs Report:
U.S. Bureau of Labor Statistics has released its Economic News for June numbers.
LATEST RELEASES
- Employment Situation 07/07/2023
- Job Openings and Labor Turnover Survey 07/06/2023
- Productivity and Costs by Industry: Selected Service-Providing Industries 06/29/2023
MAJOR ECONOMIC INDICATORS
Consumer Price Index
In May, the Consumer Price Index for All Urban Consumers increased 0.1 percent, seasonally adjusted, and rose 4.0 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.4 percent in May (SA); up 5.3 percent over the year (NSA).
Employment Cost Index
Compensation costs increased 1.2 percent for civilian workers, seasonally adjusted, from December 2022 to March 2023. Over the year, total compensation rose 4.8 percent, wages and salaries rose 5.0 percent, and benefit costs rose 4.5 percent.
Employment Situation
Total nonfarm payroll employment increased by 209,000 in June, and the unemployment rate changed little at 3.6 percent. Employment continued to trend up in government, health care, social assistance, and construction.
Producer Price Index
The Producer Price Index for final demand declined 0.3 percent in May. Prices for final demand goods fell 1.6 percent, and the index for final demand services increased 0.2 percent. Prices for final demand moved up 1.1 percent for the 12 months ended in May.
Productivity and Costs
Productivity decreased 2.1 percent in the nonfarm business sector in the first quarter of 2023; unit labor costs increased 4.2 percent (seasonally adjusted annual rates). In manufacturing, productivity decreased 2.5 percent and unit labor costs increased 3.1 percent.
Real Earnings
Real average hourly earnings for all employees increased 0.3 percent in May, seasonally adjusted. Average hourly earnings increased 0.3 percent, and CPI-U increased 0.1 percent. Real average weekly earnings decreased 0.1 percent.
(PDF)
U.S. Import and Export Price Indexes
Prices for U.S. imports declined 0.6 percent in May following a 0.3-percent rise in April. Export prices decreased 1.9 percent in May, after falling 0.1 percent the previous month. Over the past year, import prices decreased 5.9 percent and export prices fell 10.1 percent.
Checking in with boss’s econ guy Ben Casselman for overviews.
For a quick 10 minute listen 🎁 link:
To follow along with Ben’s (and others) live updates writing for the New York Times (🎁 link)
June Jobs Report
U.S. Job Growth Cools: Live Updates
Hiring slowed last month, a sign that the Federal Reserve’s inflation-fighting campaign is taking hold. But with rising wages and low unemployment, the labor market remains resilient.
@bencasselman Highlights:
@bencasselman
Average earnings rose by 12 cents an hour, or 0.4 percent. Earnings are up 4.4 percent from a year ago.
Joseph R. Biden – Official Presidential Schedule
| 1:00 PMPool Call Time | Out-of-Town Pool Call Time Out-of-Town Pool |
| 1:00 PMPress Briefing | Press Briefing by Press Secretary Karine Jean-Pierre and National Security Advisor Jake Sullivan James S. Brady Press Briefing Room |
| 3:30 PMOfficial Schedule | The President delivers remarks on lowering costs for hardworking Americans by 8:00 am] East RoomPre-Credentialed Media and Pooled for TV [RSVP here by 8:00 AM] |
| 5:15 PMPool Call Time | Supplemental Pool Call Time |
| 6:00 PMOfficial Schedule | The President departs the White House en route to Joint Base Andrews South Grounds |
| 6:30 PMOfficial Schedule | The President departs Joint Base Andrews en route to Dover, Delaware Joint Base Andrews |
| 7:15 PMOfficial Schedule | The President departs Dover, Delaware en route to Rehoboth Beach, Delaware |
| 7:35 PMOfficial Schedule | The President arrives in Rehoboth Beach, Delaware |
Friday @POTUS bits:
Friday White House Briefing Room bits:
Statement from President Joe Biden on June Jobs Report
JULY 07, 2023
STATEMENTS AND RELEASES
President Joseph R. Biden, Jr. Approves Maine Disaster Declaration
JULY 07, 2023
PRESIDENTIAL ACTIONS
FACT SHEET: President Biden Announces New Actions to Lower Health Care Costs and Protect Consumers from Scam Insurance Plans and Junk Fees as Part of “Bidenomics” Push
JULY 07, 2023
STATEMENTS AND RELEASES
Friday White House Youtube Channel bits:
Press Briefing by Press Secretary Karine Jean-Pierre and Jake Sullivan – Scheduled for 7/7/23, 1:00 PM EDT
President Biden Delivers Remarks on Lowering Costs for Hardworking Americans – Scheduled for 7/7/23, 3:30 PM EDT
YaY!
Ta da. All done. Boss will be back Monday. Have a good day and great weekend.
Later gators, see you in the comments.
This Is An Open Thread