Ten industries reported growth in production during the month.
Wall Street Pump and Valve Industry Watch
Average hourly wages were up 4.8% in November over the previous year.
Companies and suppliers continue to deal with hurdles to meet increasing demand despite increasing prices.
Factories waiting longer for supplies.
Renewed concerns over COVID-19 took a toll on hiring in August.
Despite volatility in global oil markets, U.S. crude oil exports hit a record high in 2020 and remain high in 2021. High oil prices have contributed to steady crude oil exports.
Renewable energy consumption increased to a record high of 11.6 quads.
The Employment Index experienced the largest drop of the month falling to 50.9%.
Pump market analysis shows Backlog of Orders Index surged to a record high.
The employment index was up 5 points from last month.