Engineering Influence from ACEC
News:Business News
Welcome to ACEC’s August economic update. Each month, the ACEC team analyzes the latest industry data and provides insights for the engineering and design industry.
Here are the top 3 things you need to know:
However, record job growth paints a brighter picture. The most recent jobs report from the Bureau of Labor Statistics surprised many adding more than half a million jobs in July.
When it comes to inflation, the consumer price index also shows positive movement. The consumer price index or CPI from the Bureau of Labor Statistics measures the price of everyday goods including gasoline and groceries. The CPI rose 8.5% in July from a year ago. While still high, that’s below the more than 9% year-over-year increase from June.
There you have it. The economic update series is one of ACEC’s resources for media and members.
For a deeper dive, check out all of ACEC’s popular Private Industry Briefs and ACEC’s full slate of private market offerings at ACEC.org.
Thanks, and we’ll see you again next month.
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