Rising productivity makes possible rising living standards over time.
To make the CPI’s health care component more accurate, the Bureau of Labor Statistics changed how it uses health insurance data.
Average hourly earnings rose 4.1% year-over-year in October; the rate peaked near 6% in March 2022. The slowdown in wage growth is helping the Fed wrestle inflation lower.
The U.S. job market as a whole continues to hum along.
The threat comes just when the Federal Reserve really needs a clear picture of how the economy is doing.
Last month, the CPI pegged area inflation at 6% year-over-year, a whole percentage point higher than the national average.
The cost of shelter is driving more than 70% of inflation right now, according to the Bureau of Labor Statistics. So what gives?
There are fewer job openings and fewer people are quitting jobs — signs that the Federal Reserve's interest rate hikes are working as intended.
A rule that makes the underlying data more consistent has delayed February's report by a week.
The "I’d prefer a full-time gig, but I can’t find one” measure can give us a sense of how much slack or unmet potential there is in the labor market.