He superficially understands the “why” but has it all backward on the “what now.” A Pew Research poll last month found that 70% of Americans view inflation as a very big problem…
Two weeks ago, I wrote about how Minnesotans’ per capita Personal Incomes were falling in real terms. The Bureau of Economic Analysis (BEA) released data today for the first quarter…
Writing about the April inflation figures last month, I noted that “gas prices have been ticking up again recently… and this will be reflected in next month’s CPI numbers.” That…
Louis D. Johnston, a Professor of Economics at College of Saint Benedict | Saint John’s University, wrote a column for MinnPost back in December titled: ‘An overlooked piece of good…
There has been a lot of focus on Minnesota’s historically low unemployment rate. As of April 2022, the BLS reported that Minnesota’s unemployment rate stood at 2.2 percent. Certainly, this…
The Bureau of Labor Statistics (BLS) released figures for the Consumer Price Index (CPI) in April today. The good news was that the CPI increased by 0.3 percent in April,…
Yesterday, I wrote about employment growth in Minnesota since the trough of the COVID-19 recession in April 2020. Despite a period of below average employment growth, we still have a…
Gov. Walz gave his state of the state address Sunday night and in it, noted that, Nationally, we have the fifth lowest unemployment rate among states, the third highest job…
The Bureau of Labor Statistics (BLS) announced last week that, at 8.5 percent from March 2021 to March 2022, inflation was running at its fastest year-on-year rate since December 1981.…
The Bureau of Labor Statistics announced this week that inflation rose by 8.5 percent in the year to March. This is the fastest annual rate of increase since December 1981.…
On Tuesday, the Bureau of Labor Statistics (BLS) announced that inflation was 1.2 percent in March and 8.5 percent over the year (for the Midwest the figures were 1.3 percent and 8.6 percent, respectively).…
In March, the Bureau of Labor Statistics (BLS) reported that the Consumer Price Index had risen by 7.9% over the previous year, the fastest year-on-year rate since January 1982. Stripping out volatile…
The value of a dollar is what it can buy you. In economics, this is referred to as purchasing power. A dollar is worth more if it can buy you…
The rate of year-over-year inflation in the United States hit a 40 year high in February. The rate of increase was higher in the Midwest than it was for the…
Today, the Bureau of Labor Statistics (BLS) announced that inflation was 0.8 percent in February and 7.9 percent over the year (for the Midwest, the figures were 0.9 percent and 8.0 percent, respectively). This…
Earlier this month, the Bureau of Labor Statistics released figures showing that, over the previous year, prices had risen by 7.5 percent, the fastest year-on-year rate since February 1982. Because…
Minnesota leaders often boast about the state’s high business survival rate. Indeed, Minnesota ranks well when it comes to how many of its new businesses survive. According to the Bureau…
Minnesota’s unemployment rate has fallen in recent months, but this is entirely due to Minnesotans leaving the labor force. Our state actually ranks 8th in the United States for the…
Last week, I noted that in January, Consumer Price Inflation (CPI) was running at its highest year over year rate since February 1982. This is the inflation figure most familiar…
Today, the Bureau of Labor Statistics (BLS) announced that inflation was 0.6 percent in January and 7.5 percent over the year (the increase was 7.9 percent in the Midwest). This is the fastest…
Despite what Mayor Jacob Frey might say, restaurants in Minneapolis do not appear to be coping well with his new vaccine and testing regime. Data on restaurant bookings in the…
These were some of the headlines in Minnesota’s media last week: Kare 11: Minnesota’s unemployment rate is lower than it was before the pandemic Pioneer Press: Minnesota unemployment drops to lowest level…
The United States is currently experiencing its fastest rate of inflation, year over year, since mid-1982. Those of you who are old enough to remember that might also remember the…
Minnesotans are having their incomes and living standards squeezed by inflation. The national figures get the headlines, but less known is the fact that the situation is especially bad here.…