Economic Indicators
CPI-U stands for Consumer Price Index for All Urban Consumers. It is the measure of cost of living most frequently used because it represents nearly 90% of the U.S. population.
| CPI-U Annual Average 2019-21 | |
|
2019 |
1.8 |
| 2020 | 1.2 |
| 2021 |
4.7 |
| 3-Year Average | 2.6 |
| Source: US BLS | |
| CPI-U Feb 2020 - Feb 2022 | |
| 2019 | 2.3 |
| 2020 | 1.7 |
| 2021 | 7.9 |
| 3-Year Average | 4.0 |
| Source: US BLS | |
According to the U.S. Bureau of Labor Statistics, the CPI-U increased .8% in February 2022 on a monthly basis, resulting in a 12-month change of 7.9% before seasonal adjustment. (US Bureau of Labor Statistics) 3/10/2022
U.S. unemployment rate was 3.8% in February 2022, which was down slightly over the previous month. (US Bureau of Labor Statistics) 3/4/2022
The seasonally adjusted unemployment rate in Connecticut was 4.9% in February 2022 down .4% over the revised January 2022 level. (Connecticut Department of Labor), March 2022
Seasonally adjusted, Real Average Hourly Earnings decreased .8% from Jan 2021 to Feb 2022 and 2.6% since Feb 2021. (US Bureau of Labor Statistics)
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