December Inflation Report shows continued Improvement.

[schmidlap]

U.S. inflation eases grip on economy, falling for a 6th month​

Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation's grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Inflation declined to 6.5% in December compared with a year earlier.​

​

It was the sixth straight year-over-year slowdown. On a monthly basis, prices actually slipped 0.1% from November to December, the first such drop since May 2020.​

​

The softer readings add to growing signs that the worst inflation bout in four decades is steadily waning. Gas prices, which have tumbled, are likely to keep lowering overall inflation in the coming months.​

​

U.S. Added 223,000 Jobs In December As Unemployment Rate Ticks Down To 3.5%​

​

The trade deficit decreased 21.0% to US$ 61.5 billion, the lowest level since September 2020, the Commerce Department said on January 05. The percentage decline in the trade gap was the largest since February 2009.​

 

[petro]

You can sprinkle all the sugar you want on a pile of shit.

It's still gonna be shit.

 

[CrusaderFrank]

Favorable report on inflation. Economy is significantly improving.

View attachment 746949

Inflation Slowed to 6.5% in December

U.S. inflation slowed to 6.5% in December, marking the sixth straight monthly deceleration since a mid-2022 peak.

Core CPI, which excludes volatile energy and food prices, climbed 6% in No-vember from a year before, easing from a 6.3% gain in October. Many economists see increases in core CPI as a better signal of future inflation than theoverall CPI. Core prices increased at a 4.3% annualized ratein the three months ended in November, the slowest pace in more than a year.

The report further stated that wolverines make good house pets

 

[CrusaderFrank]

U.S. inflation eases grip on economy, falling for a 6th month​

Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation's grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it. Inflation declined to 6.5% in December compared with a year earlier.​

​

It was the sixth straight year-over-year slowdown. On a monthly basis, prices actually slipped 0.1% from November to December, the first such drop since May 2020.​

​

The softer readings add to growing signs that the worst inflation bout in four decades is steadily waning. Gas prices, which have tumbled, are likely to keep lowering overall inflation in the coming months.​

​

U.S. Added 223,000 Jobs In December As Unemployment Rate Ticks Down To 3.5%​

​

The trade deficit decreased 21.0% to US$ 61.5 billion, the lowest level since September 2020, the Commerce Department said on January 05. The percentage decline in the trade gap was the largest since February 2009.​

90% of the new December jobs were seasonal

 

[schmidlap]

90% of the new December jobs were seasonal

Credible citation?

Strong U.S. jobs, wages growth expected in December

Construction Continues to Add Jobs, Gaining 28K in December​

 

[CrusaderFrank]

Credible citation?

Strong U.S. jobs, wages growth expected in December

Construction Continues to Add Jobs, Gaining 28K in December​

BLS

GFY

 

[schmidlap]

BLS

GFY

Thank you for confirming that you have no credible source for your claim.

 

[citygator]

You can sprinkle all the sugar you want on a pile of shit.

It's still gonna be shit.

If you aren’t doing well on Biden’s economic wave you need to look in the mirror.

 

[schmidlap]

If you aren’t doing well on Biden’s economic wave you need to look in the mirror.

Subjective assessments necessarily vary widely. and irrational projection does happen.

Objectively, comparative empirical data is unassailable. E.g.,

U.S. Unemployment Rate, December, 2016: 4.7%​

​

U.S. Unemployment Rate, December, 2020: 6.7%​

​

U.S. Unemployment Rate, December, 2022 : 3.5%​

 

[petro]

If you aren’t doing well on Biden’s economic wave you need to look in the mirror.

^^^
Still doing a stellar job of showing how liberals are pompous asses who only pay lip service to those not as fortunate as them.
Congratulations.

 

[citygator]

^^^
Still doing a stellar job of showing how liberals are pompous asses who only pay lip service to those not as fortunate as them.
Congratulations.

Liberals have policies that support those at the bottom. My comment is a reasonable response to people like you who make emotional claims about the economy. They don’t use facts. Eye for an eye. If you had a data point to discuss, I would. You didn’t.

 

[citygator]

Subjective assessments necessarily vary widely. and irrational projection does happen.

Objectively, comparative empirical data is unassailable. E.g.,

U.S. Unemployment Rate, December, 2016: 4.7%​

​

U.S. Unemployment Rate, December, 2020: 6.7%​

​

U.S. Unemployment Rate, December, 2022 : 3.5%​

Agree. I was responding to an emotional poster who had no data or point to make.

 

[schmidlap]

Agree. I was responding to an emotional poster who had no data or point to make.

I was concurring. There are irrational ideologue who apparently believe the passion of their ideological dogma can vanquish empirical data.

 

[dudmuck]

You can sprinkle all the sugar you want on a pile of shit.

It's still gonna be shit.