Producer Price Index
In December, the Producer Price Index for final demand increased 0.5% on a seasonally adjusted basis, following increases of 0.2% in November and 0.1% in October. The index for final demand rose 3% in 2025 after a 3.5% increase in 2024 on an unadjusted basis. The increase in prices for final demand in December is due to a 0.7% advance in the index for final demand services. The prices for final demand services were unchanged. The index for final demand excluding food, energy and trade services increased for the eighth consecutive time at 0.4%. In 2025, prices for final demand excluding food, energy and trade services increased 3.5%, following a 3.6% increase in 2024. See the full report breakdown here.
U.S. Import & Export Price Indexes
U.S. import prices increased 0.1% and export prices increased 0.3% in December. Import prices were unchanged over the past year and export prices increased 3.1%.
Due to a compressed release schedule following the government shutdown at the end of 2025, a detailed news release for the December U.S. Import and Export Price Index summary was not released. View the updated website and database with December 2025 data here.
Rig Count Overview & Summary Count
| Area | Last Count | Count | Change From Last Year | Date of Last Year's Count |
| United States | Feb. 20, 2026 | 551 | -41 | Feb. 21, 2025 |
| Canada | Feb. 20, 2026 | 224 | -20 | Feb. 21, 2025 |
| International | January 2026 | 1079 | -20 | January 2025 |
Info courtesy of Baker Hughes
Consumer Price Index
In January, the Consumer Price Index for All Urban Consumers increased 0.2% on a seasonally adjusted basis. Over the past 12 months, the overall index rose 2.4% before seasonal adjustment. The shelter index rose 0.2% in January and was the largest factor in the all items monthly increase. The food index and the food at home index both increased 0.2%, while food away from home increased 0.1%. Increases from these were offset by a 1.5% decrease in the energy index. The index for all items excluding food and energy increased 0.3% in January. Airline fares, personal care, recreation, medical care and communication all saw increases. Cars and trucks, household furnishings and operations, and motor vehicle insurance all saw decreases for the month.
The all items index increased 2.4% for the year ending in January after a 2.7% increase for the year ending in December. The all items excluding food and energy index and food index also increased over the year at 2.5% and 2.9% respectively. Meanwhile, the energy index decreased 0.1% for the year. See the full report here.
Employment Situation
In January, the total nonfarm payroll employment increased by 130,000 and the unemployment rate saw little change at 4.3%. Job growth was strongest in health care, social assistance and construction, while federal government and financial activities lost jobs.
According to household survey data, both the unemployment rate and number of unemployed individuals (7.4 million), remained relatively unchanged. Aside from a 13.6% decline for teenagers, unemployment rates by demographic showed little to no change over the month. The number of long-term unemployed showed little change at 1.8 million, representing 25% of all unemployed individuals. Similarly, the labor force participation rate (62.5%) and employment-population ratio (59.8%) showed little change. The number of people employed part time for economic reasons decreased to 4.9 million. People outside the labor force who wanted a job but were not actively seeking one also decreased to 5.8 million. The number of marginally attached and discouraged workers showed little movement in January at 1.7 million. Read the full breakdown here.
Find previous economic outlook information here.
