As Halloween approaches, U.S. consumers are seeing some savings as they purchase candy for October 31st. The Consumer Price Index (CPI) measures the changing cost of goods and services over time. While the CPI for all goods is commonly known as a measure of inflation, we can use subsets of CPI data to track the price changes of specific goods, such as candy and chewing gum. The price of candy this time of year is the lowest it’s been since 2014. If consumers spend the same amount on candy as the past two years, this may translate to more sweets for trick-or-treaters!
Over the past five years, transportation equipment manufacturers have experienced some of the fastest employment growth within the manufacturing sector. Employment for these manufacturers in the United States grew an annual average 2.6% over the five years ending with the second quarter of 2017 compared with an annual average 1.7% for the total manufacturing sector. Within transportation equipment, employment grew the fastest for manufacturers that produced motor vehicles (+4.8%), motor vehicle bodies and trailers (+4.8%), and motor vehicle parts (+4.7%).