Two days ago I posted about the CPI (seasonally adjusted) going up only 0.1% in Nov. (after just 0.04% in Oct). It was up just 3.1% from Nov. 2022-Nov 2023. The previous 12 months it was up 7.1%. So a big drop in the inflation rate
See Consumer Price Index for All Urban Consumers: All Items in U.S. City Average from FRED (Federal Reserve Economic Data) compiled by the Research Division at the Federal Reserve Bank of St. Louis for data on the seasonally adjusted CPI.
The % of 25-54 year olds employed rose to 80.7% in Nov. after it was 80.6% in Oct. It had fallen 2 straight months before that and hit a high of 80.9% this year. It ended 2022 at 80.1%. In the 12 months beginning with Dec. 2022 and ending in Nov. 2023, it averaged 80.65% while in the previous 12 months it was 79.79%.
So the last 12 months were clearly better than the previous 12 months with a much lower inflation rate and a solid gain in the percentage of 25-54 year olds with jobs. More jobs and lower inflation is good. Click here to see the BLS data on employment.
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