Pub. 64 2023-2024 Issue 3

Download Key Indicators data in Excel TWC Labor Market Information Average hours and earnings data are derived from reports of hours and payrolls for all employees. Highlights • In February, AHE for Texas employees on private nonfarm payrolls increased by $1.41 over the year to $32.60, an increase of 4.5 percent. • Over the year, Texas AHE increased 8.6 percent in the Goods Producing Sector and 3.4 percent in the Private Service Providing sector. • U.S. AHE increased by $1.41 over the year to $34.61, an increase of 4.2 percent. Average Hourly Earnings (Total Private, Not Seasonally Adjusted) Texas: $32.60 US: $34.61 Source: Bureau of Labor Statistics The Consumer Price Index (CPI) is an index of the variation in prices paid by typical consumers for retail goods and other items. Highlights • Houston-The WoodlandsSugar Land CPI annual growth rate decreased 1.0 percentage point over the month from the previous reading to 3.5 percent in February, 0.3 percentage points higher than the U.S city average of 3.2 percent. • Since February 2023, Food increased 4.6 percent while Motor fuel decreased 4.5 percent. Consumer Price Index Annual Growth (Not Seasonally Adjusted) Dallas-Fort Worth: 5.3% Houston: 3.5% Source: Bureau of Labor Statistics KEY INDICATORS 45 DEALERS’ CHOICE

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