Posted on 02/14/2023 6:10:26 AM PST by Kaiser8408a
The January US inflation numbers are out and they were grim.
US REAL average hourly earnings fell … again … to -1.8% year-over-year (YoY) from a revised -1.6% YoY in Deember. That makes 22 straight months of negative hourly earning growth.
CPI Month-over-month (MoM) was revised upward for December, and increased from 0.1% in December to 0.5% in January. CORE CPI remained unchanged from the upward revision in December to 0.4% MoM.
Components of inflation include FOOD AT HOME (up 11.3% YoY), utility (piped) gas service (up 26.7% YoY) and shelter (up 7.9% YoY). So, the middle-class inflation tax (food, heating, housing) remains high.
Hey, I thought Treasury Secretary Janet Yellen said inflation was transitory. 22 straight months of negative hourly earnings growth seems more permanent than transitory.
(Excerpt) Read more at confoundedinterest.net ...
Great economy, Bidet. Trump had it humming along and you screwed it up.
Without a doubt the American people & Voters need to impeach Democrat, Fake, Criminal, Joe Biden and politically destroy the entire Democrat Party...period, or they will destroy this once great and powerful nation republic!!!!!!
Can’t be, Biden said everything was peaches and cream in the State of the Union
Inflation is just another tax.
And the strategic petroleum reserve is still marching downward.
Inflation is also an amazingly regressive tax—a great way to eliminate the middle class by making them poor.
This thread has 9 replies and there’s dozens of balloon threads with 100+ replies.
Even here, people are retarded.
Anecdotal but two FB connections got canned yesterday.
One was a couple who have worked for an aviation manufacturer here, jeez, I wanna say for 25-30 years. No warning, walked in on Monday morning and bid farewell.
Mid 50s and I know they got tons of debt. Probably be fine.
A 10th reply from another retard. 😂
Real Inflation?
Over 20%
Suck on that ComDems.
Gas has been slowly going up over the last few months.
For a while it rose. Then went down a bunch. Still pretry high compared to the past at that point. Now the price is going back up.
Retards unite!…
I’m lucky where I am, but I don’t see things being anywhere near good in the near future.
I think CC debt is at an all time high and housing is a bubble, especially commercial.
Sorry to hear about your friends.
Inflation can kill civilization if left unchecked.
When Biden said, “Finish The Job!” he meant “Finish Off America!”.
Unexpected!
I’ll enthusiastically work and vote for the first candidate that calls for tribunals.
I’ll enthusiastically work and vote for the first candidate that calls for tribunals.
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