Economic Trends

The U.S. Bureau of Labor Statistics (BLS) reported this week that real average hourly earnings for all employees decreased 0.6 percent from April to May. The decrease stems from an increase of 0.4 percent in average hourly earnings combined with an increase of 1.0 percent in the Consumer Price Index (CPI). Real average hourly earnings…

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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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