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In reply to the discussion: Employers added 528,000 jobs in July, as the hot labor market powers on [View all]progree
(10,904 posts)47. A Not paywalled link
https://archive.ph/6bc0D
Shows graphs of gasoline prices, food commodity futures like wheat, and "the widely cited Institute of Supply Management survey of purchasing managers shows that prices paid for raw materials are still rising, but at a slower rate than they have in many months:"
Shows graphs of gasoline prices, food commodity futures like wheat, and "the widely cited Institute of Supply Management survey of purchasing managers shows that prices paid for raw materials are still rising, but at a slower rate than they have in many months:"
All of this means that official data on consumer prices will almost certainly show much smaller increases over the next few months than the shocking numbers weve become accustomed to lately. But what will this improvement mean?
... When Im pretty sure thats a when, not an if official data also shows a sharp decline in inflation, my guess is that well see denial supplemented by conspiracy theories: claims that the Biden administration is faking the numbers and/or somehow manipulating the commodity markets.
... When Im pretty sure thats a when, not an if official data also shows a sharp decline in inflation, my guess is that well see denial supplemented by conspiracy theories: claims that the Biden administration is faking the numbers and/or somehow manipulating the commodity markets.
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Employers added 528,000 jobs in July, as the hot labor market powers on [View all]
BumRushDaShow
Aug 2022
OP
The OP. I threw a quick "edited to add" at the bottom a minute later explaining my mistake. I'm
progree
Aug 2022
#8
it's more nuanced than that. With the job market like this, inflation is likely not receding.
Calista241
Aug 2022
#42
At the time, Slobfather's 3.5% was the lowest unemployment rate since May 1969 when it was 3.4%
progree
Aug 2022
#24
It was just last week the so-called financial experts were saying we were in a recession
JohnSJ
Aug 2022
#30
I can't do that. I can't compare wages to an inflation measure that excludes energy and food
progree
Aug 2022
#62
The US netted more jobs this month alone than the entirety of Donald Trump's presidency.
mahatmakanejeeves
Aug 2022
#52