Free Republic

U.S. inflation hit a 40 year high in November, cementing high and rising inflation as the hallmark of the first year of Joe Biden’s presidency.The Labor Department said the consumer-price index—which tracks what consumers pay for goods and services—rose in November by 6.8 percent from a year ago. That was the fastest 12-month pace since 1982 and the sixth straight month of inflation above 5 percent.The core price index, which excludes the often-volatile categories of food and energy, increased 4.9 percent in November from a year earlier, a faster pace of price hikes than October’s 4.6 percent.On a monthly basis,...

Associated Press AUSTIN - Texas unemployment rose to a seasonally adjusted rate of 6.8 percent in May and manufacturing jobs fell to their lowest level since 1992, the Texas Workforce Commission said today. The May unemployment rate was up from April's 6.6 percent and also higher than the 6.4 percent figure of a year ago. The unemployment rate, the most widely watched measure of the Texas job market, was adjusted for seasonal patterns in hiring and firing. Most economists believe that adjusted figures give a better reading of the job market by weeding out seasonal changes. The Workforce Commission said...