Economic Trends

Inflation slowed more sharply than expected in November in an encouraging sign, but the Federal Reserve plowed ahead yesterday with another half-point increase in interest rates, bringing them to their highest point since the 2008 recession. Inflation eased somewhat through the month of November with annualized prices increasing 7.1 percent, down from 7.7 percent last…

Read More »

Economic Trends

The US Bureau of Labor Statistics (BLS) reported last week that the real average hourly earning for all employees decreased 0.1 percent from September to October, seasonally adjusted. The result stems from an increase of 0.4 percent in average hourly earning combined with an increase of 0.4 percent in the CPI combined with no change…

Read More »

Economic Trends

As inflation continues to reach highs it hasn’t hit in over 40 years – the Consumer Price Index (CPI) is at 8.5% annualized – the outlook for ending the labor shortage anytime soon doesn’t look any better. The unemployment rate dropped to 3.6% at the end of March, while net restaurant employment rose by 61,000…

Read More »

On Economic Front: Inflation & Jobs Up

Consumer prices grew much faster than expected in October, according to data released this week by the U.S. Department of Labor (DOL). The consumer price index (CPI) rose 0.9 percent last month and was 6.2 percent higher that it was in October 2020, the largest annual increase in 30 years! Generally speaking, analysts were expecting…

Read More »

Minimum wage on state ballots in 2022

Notwithstanding the economic realities of the ongoing labor shortage and the BLS data showing wages exceeding $15 per hour in supermarkets and restaurants  across the country, advocates continue to push. In Nebraska, a host of community organizations announced the launch of Raise the Wage Nebraska, a 2022 ballot initiative campaign that would increase the current…

Read More »