The US economy is booming except for the middle class who are being hammered by inflationary costs. The US Bureau of Labor Statistics reported that the nationas unemployment rate rose to 3.9% and The U.S. economy is resting atop a public debt exceeding $34 trillion, with its debt-to-GDP ratio sitting at around 120%. The labor market started the year on a strong note as payroll growth in January once again tore past more modest expectations. A midst the complex web of economic data and expert analysis, a glaring rift emerges between the perspectives of economists and the everyday experiences of Americans. The consumer price index increased 0.3% for the month, higher than the 0.2% estimate at a time when most economists and policymakers see inflationary pressures easing. On a 12-month basis, the CPI closed 2023 up 3.4%. Economists surveyed by Dow Jones had been looking for a year-over-year reading of 3.2%.The U.S. Economy Is Booming, But Only for a Few
275,000 Jobs Created in February
that 275,000 were created in FebruaryJamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power and national security
Jobs Report Today: Hiring Surges Past Expectations
The economic reality gap: Economists vs. Americans
Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%
ECONOMYadmin.ws2018-06-13T20:28:50-05:00
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