U.S. Inflation Surges to 13-Year High of 4.2%
U.S. inflation surged to its highest rate since the eve of the 2008 financial crisis in April, as last year’s collapse in oil prices and a nascent economic recovery combined to generate the kind of number that many market participants have feared.
Get this, they EXCLUDE FOOD AND ENERGY PRICES. Everything is driven by energy so the inflation index, as bad as it is, is actually worse.
The consumer price index rose 4.2% from a year ago, according to government data released on Wednesday, well above consensus forecasts for 3.6%.
However, the 0.8% rise in prices in April alone made clear that the spike wasn’t entirely a result of distortions from last year, when crude oil prices briefly dipped below zero against a Covid-19-driven collapse in demand, Investing.com reports.
PRINTING United Alliance Partners with IT Strategies to Address Evolution of Printing Industry Classifications Industry professionals are invited to participate in special Standards Committee tasked with creating taxonomy roadmap that can be adopted into global and US systems
Login or register now to gain instant access to the rest of this premium content!
(Read David Zwang’s commentary on this announcement here.)
PRINTING United Alliance announces its partnership with IT Strategies on an initiative to provide the printing industry with a comprehensive taxonomy designed to address the printing industry’s under-representation in government statistics and to help prepare the printing industry for growing business in the future.
PRINTING United Alliance Partners with IT Strategies to Address Evolution of Printing Industry Classifications
Facebook Facebook
PRINTING United Alliance announces its partnership with IT Strategies on an initiative to provide the printing industry with a comprehensive taxonomy designed to address the printing industry’s under-representation in government statistics and to help prepare the printing industry for growing business in the future.
According to Ford Bowers, CEO of PRINTING United Alliance, “The primary purpose of this initiative is to create uniformity of nomenclature, which helps discoverability of content and information online, at events, and across the industry. Using the same names and definitions in the same way will allow printers, OEMs and suppliers, and everyone else involved in printing to utilize a common ‘language’ that eliminates some of the confusion that currently exists. It will also be very useful in providing statistical tracking
February 26, 2012
The workforce is disappearing. Zerohedge reports that the Department of Labor Statistics is deliberately making the workforce disappear to bring unemployment numbers down.
The Bureau claims that the reason the workforce has gone from roughly 64% to 59% of the population is that the census figures hit in January and the population changes reflect a declining workforce (for those who don’t know, 1.2 million people disappeared from the U.S. workforce in one month – January).
The BLS also claims that they adjusted the figures for age and retirement and the 1.2 missing workers did not affect the unemployment percentage. I have a problem with this because people are retiring at the rate of 10% more than in prior years and they are going out on disability at an 18% higher rate than in prior years. That tells me people cannot find jobs so they are retiring or going out on disability. The other figure which the BLS does not count is youth 16 -24 and I would like to kn