Economics

Conspiracies found (falsely) in Inflation Numbers

Conspiracies found (falsely) in Inflation Numbers

A misunderstand of Consumer Price Index weightings leads to accusations of our government abusing us. After today's release of the Consumer Price Index for August, I received this email message from a friend: "In order to give the statistical appearance of things being better than they are, the BLS is going to reset their weighting for the CPI to only compare against 2021. This is being done with purpose to give the illusion next year that things are not as bad. 2021 was when Joe Biden’s inflation policies first surfaced. By comparing consumer prices to the timing when those prices…
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Kansas employment situation, June 2022

Kansas employment situation, June 2022

In Kansas for June 2022, the labor force grew, the number of people working grew, and the unemployment rate rose, all compared to the previous month. While the monthly change for Kansas ranks well, over the year Kansas job growth was worst among the states. (more…)
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