New data from the Bureau of Labor Statistics reports that prices for consumer goods have risen significantly in the past year, putting extra strain on Americans’ budgets and worrying experts.
As the Biden administration fends off criticism over proposed tax increases, higher spending and rising inflation, BLS released data Wednesday showing the biggest increase in consumer prices in over a decade. Those price increases point to a spike in inflation, experts say.
The U.S. economy reported an increase of 266,000 jobs in April and the unemployment rate rose slightly to 6.1%, according to Department of Labor data released Friday.
Total non-farm payroll employment increased by 266,000 in April, according to the Bureau of Labor Statistics (BLS) report, and the number of unemployed persons ticked up to 9.8 million. Economists projected a million Americans would be added to payrolls prior to Friday’s report, according to The Wall Street Journal.
“The pieces are really coming together for a burst in activity,” Sarah House, senior economist for Wells Fargo’s Corporate and Investment Bank, told the WSJ. “We’re expecting to see the labor market recovery shift into an even faster gear with the April jobs report.”
The U.S. economy reported an increase of 916,000 jobs in March and the unemployment rate fell to 6%, according to Department of Labor data released Friday.
Total non-farm payroll employment increased by 916,000 in March, according to the Bureau of Labor Statistics (BLS) report, and the number of unemployed persons fell to 9.7 million. Economists projected 675,000 Americans would be added to payrolls prior to Friday’s report, according to The Wall Street Journal.
“There’s a seismic shift going on in the U.S. economy,” Beth Ann Bovino, an economist at S&P Global, told the WSJ.
The U.S. Bureau of Labor Statistics’ annual report on union membership for 2018 has been officially released and the results are not good for labor unions. The share of workers participating in unions declined to 10.5 percent, down from 10.7 percent in 2017. This translates to roughly 14.7 million active…