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According to estimates released today by the U.S. Census Bureau’s American Community Survey (ACS), the median household income in the United States fell by 0.8 percent in 2022. The median household income last year was $74,755, adjusted for inflation. Despite the median household income being adjusted for inflation, the dip is an indication of why…
“#Inflation keeps growing, but Dems won’t stop spending” President Joe Biden and Democrats keep telling Americans not to worry about inflation, that it’s only temporary. Yet the record price hikes keep getting worse. On Thursday, the Bureau of Labor Statistics reported yet another jump, a full 1 percent, in the producer price index (which measures…
“#Feds say fewer people are quitting their jobs” Yes, the US job market has been one long, sad country song for more than a year now. But the “take this job and shove it” indicator may have peaked. The US Bureau of Labor Statistics said its so-called “quits rate” — or the number of jobs…
“#916,000 jobs added, 6 percent unemployment” The US economy added 916,000 jobs in March as the labor market’s smoldering recovery from the coronavirus pandemic grew into a fire that’s only expected to get hotter, federal data show. The strongest job growth since August beat economists’ expectations for a gain of 635,000 as more Americans got vaccinated…
“#US adds 245,000 jobs, unemployment rate falls to 6.7%” The US economy added 245,000 jobs in November — barely more than half the number economists expected — as the coronavirus’ resurgence hampered the labor market’s recovery from the pandemic. The unemployment rate barely dropped to 6.7 percent last month from 6.9 percent in October amid…