The employment figures for September are out and Minnesota’s media has lead with the figure for new jobs created in September, 4,200, the twelfth straight month of job growth: Knox…
Inflation came in at 0.0% in July, prompting President Biden to tweet: Alas, in August it ticked up to 0.1%, although some of Minnesota’s media still tried to tell you…
Evaluating the Fed’s post-COVID policies.
Last week’s jobs report estimated that Nonfarm payrolls increased 263,000 for the month, compared with the Dow Jones estimate of 275,000. This prompted the usual round of celebrations from people…
Last Friday, the DFL tweeted: But, as I’ve noted before, taken by itself the unemployment rate can be a misleading statistic: The unemployment rate is calculated by dividing the number…
On September 13, the Bureau of Labor Statistics announced that: The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in August on a seasonally adjusted basis after…
According to the New York Times, there is one silver lining to inflation; it will save you money on your taxes next year. Why is that the case? That’s because…
Last week, at the unveiling of his official White House portrait, President Obama said to President Biden: Thanks to your decency and strength, maybe most of all, thanks to your…
Among the working population, only a tiny segment can be considered poor. This is because the population of people in poverty mainly consists of adults who are not in the…
Last month, President Biden responded to the July inflation data – which showed the Consumer Price Index (CPI) flat over the month – by tweeting: Data released by the Bureau…
Last month I was part of a round-table discussion hosted in Owatonna by Center of the American Experiment’s chapter there. The event brought together representatives of businesses from all over…
Last week I wrote about how employment growth in the United States had stalled since March. While one set of statistics, those that count jobs, has shown strong growth since…
Earlier this month, CNBC reported: Hiring in July was far better than expected, defying multiple other signs that the economic recovery is losing steam, the Bureau of Labor Statistics reported…
The Gross Domestic Product of the United States shrank in real terms for the first two quarters of this year. Very often, that would be called a recession, but not,…
According to Governor Tim Walz, And while celebrating ‘free the growlers,’ he said But is that true? Minnesota does have a historically low unemployment rate, but as I wrote yesterday,…
Minnesota’s unemployment is still at an all time low according to the Minnesota Department of Employment and Economic Development (DEED). The unemployment rate held steady at 1.8% in July 2022…
Three days ago, President Joe Biden signed into law the Inflation Reduction Act (IRA), which ironically won’t reduce inflation. Lawmakers representing Minnesota in the U.S. Congress — like Ilhan Omar…
According to the Bureau of Labor Statistics, price levels were unchanged in July after rising 1.3 percent in June. And over the year, prices were up 8.5 percent, down from…
In June, the Bureau of Labor Statistics (BLS) announced that the Consumer Price Index (CPI) had risen by 8.6 percent in the year to May. This was “the largest 12-month increase since…
Minnesota’s June unemployment rate of 1.8% prompted some celebration in our state’s media. Fox 9 trumpeted: Minnesota’s 1.8% unemployment rate in June was the lowest ever recorded by a state…
At a time when researchers are arguing about how to define a recession, things just got even more interesting. According to the Bureau of Labor Statistics (BLS) Total nonfarm payroll…
According to the Department of Employment and Economic Development (DEED), as of June 2022, Minnesota’s unemployment is at an all-time low rate of 1.8 percent. Certainly, low unemployment is usually…
Minnesota’s economic train falls off the tracks.
Inflation does not seem to be slowing down. In fact, according to the latest data from the Bureau of Labor Statistics (BLS), prices rose 1.3 percent in June compared to…