The April Consumer Price Index dropped -0.4% from March. CPI measures inflation, or price increases. The culprit is gas prices again, which plunged -8.1% for the month. This is the biggest monthly decline in overall CPI since December…
CPI Shows Inflation Dropped -0.4% on Volatile Gas Prices in April 2013
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May 16, 2013 By Leave a Comment
Initial Unemployment Claims Take a Hike Up Again
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May 16, 2013 By Leave a Comment
The DOL reported people filing for initial unemployment insurance benefits in the week ending on May 11th, 2013 was 360,000, a 32,000 increase from the previous week of 328,000 and a six week high. This is the wrong direction for weekly initial unemployment claims and shows, once again, as far as jobs are concerned, the recession never ended.
Student Financial Aid Goes To The Rich And The Poor Get Debt Instead
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May 9, 2013 By Leave a Comment
Did you know rich students get financial help from colleges while the poor ones get laden with debt instead? Such is the conclusion of a new report, Demerit Aid, from the New America Foundation. While Pell grants tallied $35 billion in 2012, universities are reducing their own financial aid based on income and instead, shifting those funds to the wealthy students.
The Deflated Balloon JOLTS Jobs Report Shows 3.1 Unemployed Per Opening for March 2013
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May 7, 2013 By Leave a Comment
The BLS March JOLTS report, or Job Openings and Labor Turnover Survey shows there are 3.1 official unemployed per job opening, the same as last month. Job openings declined -1.4% from last month to a total of 3,844,000. People hired in Mar…
Unemployment Not Impressive for April 2013
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May 3, 2013 By Leave a Comment
The BLS employment report shows the official unemployment rate ticked down 0.1 percentage point to 7.5%, and the current population survey statistics are a mixed bag of strange. More people were employed, yet the number of people stuck in part-…
