U.S. Employment Situation – August 2023
Total nonfarm payroll employment increased by 187k, in August 2023, with the unemployment rate rising to 3.8%.
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Housing Costs are the Leading Increase in Inflation
The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.4% in February, 2023. The all items index was up 6% for the 12 months ending in February. Interestingly, the BLS says The index for shelter was the largest contributor to the monthly all items …
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