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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.
It’s the end of an era — the pandemic era — for the Bureau of Labor Statistics.
There were even job gains in construction and finance, which were expected to slow down. Wages grew again too.
Energy, food and rent were big drivers of the 9.1% inflation reading. Where are those numbers headed?
At the start of the pandemic, the number of part timers who would rather work full time spiked. Now, it’s lower than any time since 2001.
