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…

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Economic Trends

The unemployment rate increased slightly in August, despite the economy adding another 315,000 jobs during the month. According to the Bureau of Labor Statistics (BLS), the unemployment rate in August was at 3.7 percent, up from the 3.5 percent recorded one month earlier. Despite the labor shortage, an additional 344,000 were added to the unemployment…

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Economic Trends

Well, the big bad news hit Wednesday with the Federal Reserve raising its overnight interest rate by half a percentage point, a move not seen in 22 years, and of course, that was followed by the Dow dropping over 1,000 points yesterday. The Bureau of Labor Statistics (BLS) announced at the beginning of this week…

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Economic Trends

The omicron and delta variants of the COVID virus may be slowing the nation’s economic recovery, but they are not slowing down the inflation rates at all. In fact, the Department of Labor Bureau of Labor Statistics (BLS) reported this week that the producer price index (PPI) – inflation before reaching the consumer – rose…

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Economic Trends

According to new employment data released last week by the Bureau of Labor Statistics (BLS), the leisure and hospitality industry boosted economy-wide employment gains by adding 74,000 jobs in the month of September. Specifically, food service and drinking places gained 29,000 new staff, helping to drop the sector unemployment rate by 1.4 points to 7.7…

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Economic Trends

We’ve seen a mixed bag when it comes to economic news over the past few weeks with consumer prices continuing to rise at restaurants but restaurant spending stagnating through August. According to the Consumer Price Index report for August as released by the Bureau of Labor Statistics (BLS), prices at full-service restaurants rose by 0.6%…

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Economic Trends

As referenced above, BLS data now shows many industry-average wages exceeding the $15 per hour mark. Additionally, as we approach the September expiration of the unemployment premium benefit that is keeping many from returning to work, further data from the Bureau of Labor Statistics released a week ago shows there were 10.1 million job openings…

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Economic Notes

Inflation concerns are back in a real way as consumer prices rose 0.9 percent for the month of June according to data released this week by the Department of Labor Bureau of Labor Statistics. The Consumer Price Index (CPI) rose to an annualized rate of 5.4 percent, and for the month, almost doubled the projected…

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Economy Moves Front & Center

As we move closer to a complete reopening of the American economy in the wake of decreasing COVID -19 infections and increasing citizens being fully vaccinated, Bureau of Labor Statistics (BLS) information is getting much more play in news cycles – and for a bunch of not-so-encouraging reasons. First off, the labor shortage appears to…

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Miscellaneous

Starbucks Shareholders yesterday rejected an eye-popping executive compensation proposal for the C-Suite that included a $1.86 million payout for CEO Kevin Johnson as a performance bonus for fiscal year 2020 along with $50M in “retention pay” if the CEO were to stick around with the company through fiscal year 2022! Although the rejected resolution was…

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