NAM: Manufacturing Jobs (CONT’D FROM PAGE 5)
Box Shipments ( U.S. Corrugated Product Shipments) Industry Shipments In Billions of Square Feet Month December 2021
The consumer price index has risen 7.9 percent over the past 12 months, the fastest year-over-year pace since January 1982. At the same time, core inflation (which ex- cludes food and energy) increased 6.4 percent year-over- year in February, the biggest increase since August 1982. Overall, price pressures for consumers remain elevat- ed—a trend that will continue over the coming months. With the Russian invasion of Ukraine, prices are likely to increase more, particularly for food and commodities. The Index of Consumer Sentiment declined to the low- est reading since October 2011, according to preliminary data from the University of Michigan and Thomson Reu- ters. Confidence was lower “due to falling inflation-adjust- ed incomes, recently accelerated by rising fuel prices as a result of the Russian invasion of Ukraine.” In addition, total quits in the manufacturing sector rose from 322,000 in December to 331,000 in January, a new record. That translated into 2.6 percent of the manufac- turing workforce and continues a trend of very significant “churn” in the labor market, exacerbating the workforce difficulties that companies are experiencing. The U.S. trade deficit rose to $89.69 billion in January, another record high, with the goods trade deficit jumping to $108.86 billion, also an all-time high. Goods exports, on the other hand, decreased to $155.89 billion but remained not far from October’s record pace ($159.02 billion).
Year
Actual
Percent Change Avg Week Percent Change
2021 2020
34.195 34.916
-2.1
8.549 8.729
-2.1
Industry Total
Year-to Date
December 2021
Year
Actual
Percent Change Avg Week Percent Change
2021 2020
416.338 406.776
2.4
8.294 8.071
2.8
Industry Total
Containerboard Consumption (Thousands of Tons)
Year
Month
Percent Change Year-to-Date Percent Change
2021 2020
2.7372 2.7727
-1.3
33.8477 33.0739
2.3
Container Board Inventory - Corrugator Plants (Thousands of Tons)
Corrugator Plants Only
Date
Percent Change Weeks of Supply
Percent Change
Dec. Nov.
2.256 2.203
2.4
3.3 3.3
0
Shipping Days
Year
Month
Year-to-Date
2021 2020
20 20
251 252
SOURCE: Fibre Box Association
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