When prices surge across various sectors of the economy, you’ll start hearing analysts talk about inflation. Inflation is the devaluation of currency over time, meaning as goods and services become more expensive, the buying power of your money decreases. People will often first notice inflation by realizing that something they buy regularly is more expensive…
Forget the CPI: Real Inflation Is Much Higher
May 10, 2023
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Commentary This morning’s release of April’s Consumer Price Index (CPI) data showing inflation had fallen from 5.0 percent in March to 4.9 percent annually was received as a disappointing reminder that inflation, while down from highs in the summer of 2022, is far from behind us. Yet there is increasing evidence to support the suspicion…
Without ‘Seasonal Adjustment,’ US Economy Actually Lost 2.5 Million Jobs, Not Gained 517,000
The U.S. Bureau of Labor Statistics (BLS) reported on Feb. 3 that the U.S. economy added 517,000 new jobs in January, surpassing the upwardly revised figure of 260,000 in December and exceeding economist predictions of 185,000. Without seasonal adjustment, however, the U.S. economy lost over 2.5 million jobs. According to the BLS, seasonal adjustment is…
1.3 Million Jobs Were the Result of Double-Counting This Year, Says Heritage Economist
The monthly U.S. jobs reports have topped market estimates many times this year. The July and August non-farm payrolls (NFP) reports showed 528,000 and 315,000 new jobs, respectively, higher than what many economists and analysts had initially projected. White House officials have taken victory laps on the employment data, noting that these numbers are…
The Dollar Shrinks as All Costs Rise … Except Gold and Silver
Sponsored Content How much value has the U.S. dollar lost over the past 100 years? From 1921 to 2021, the greenback shed 93.5 percent of its value. That’s a loss of 0.93 percent per year. Disturbing? Then you probably haven’t heard the most recent report from the U.S. Bureau of Labor Statistics (BLS). In short,…
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