Real wages

The Jobs Report Before Christmas

North Carolina’s labor market has largely recovered from Covid lockdowns, but there is still room for improvement. The unemployment rate is slightly below pre-Covid levels (3.8 percent) at 3.5 percent.…

Liberty

Voters Aren’t Buying What Biden’s Selling

Editors at the Washington Examiner assess bad polling news for President Biden. President Joe Biden is frustrated. Unemployment has fallen to a healthy 3.6%, the economy is growing at a…

Budget, Taxation & Economy

Prices Increased 0.4% in April; Consumers Squeezed Despite 10th Rate Increase by Fed

The Consumer Price Index (CPI) rose 0.4% in April after increasing 0.1% in March according to the latest release from the Bureau of Labor Statistics. CPI has increased each month of the last year with the…

Budget, Taxation & Economy

March Jobs Report: Decreasing Unemployment, But Concerns Lie Beneath the Surface

North Carolina’s unemployment rate dropped to 3.5% in March according to the latest release from the North Carolina Department of Commerce. This is lower than February’s revised rate of 3.6%, yet 0.2…

Budget, Taxation & Economy

State Unemployment Rate Drops, Matching Average National Rate

North Carolina’s unemployment rate dropped from 3.8% to 3.6% last month, according to the latest release from the North Carolina Department of Commerce. This rate is still above the state’s rate…

Budget, Taxation & Economy

January’s Jobs Report Shows Increased Unemployment Since Last Year

North Carolina’s unemployment rate remained unchanged for the month of January, matching December’s revised rate of 3.8% according to the latest release from the North Carolina Department of Commerce. The national rate…

Budget, Taxation & Economy

Americans’ Purchasing Power Down 14% Over Last Two Years

Real wages have been falling 22 consecutive months.

Budget, Taxation & Economy

Job Data Diverges Nationally and in North Carolina

After increasing for four consecutive months, North Carolina’s unemployment rate plateaued in December at 3.9%, according to the latest release from the North Carolina Department of Commerce. North Carolina’s unemployment rate moved above the…

Budget, Taxation & Economy

Some Inflation Slows in December, Yet Real Wages are Down and Recession Looms

The Consumer Price Index (CPI) fell 0.1% in December after increasing 0.1% in November, according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased…

Budget, Taxation & Economy

State Unemployment Rate Rises, Surpassing National Average

North Carolina’s unemployment rate increased for the second consecutive month in September according to the latest release from the North Carolina Department of Commerce. The state’s rate rose 0.1 percentage point to…

Budget, Taxation & Economy

North Carolina Continued to Add Jobs in July, But Labor Force and Real Wages are Down

North Carolina’s July unemployment rate remained unchanged at 3.4% for the fourth consecutive month according to the latest release from the North Carolina Department of Commerce. The national rate decreased by 0.1%…

Liberty

Economic Idiocy Never Goes out of Style

Yesterday President Trump announced that he would be placing a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum. The main argument that the administration…