This week's full report.
Gasoline pump prices fell -6.4¢ for the week, and continues well below year ago levels, by -57.9¢, or -15.1%. Days supply edged up to 24.7. For perspective... last year was 24.8 days.
This week's full report.
Gasoline pump prices fell -6.4¢ for the week, and continues well below year ago levels, by -57.9¢, or -15.1%. Days supply edged up to 24.7. For perspective... last year was 24.8 days.
On to the Real Earnings.
Harkening back to February 2020, when the real hourly rate was $11.02, that rate is now $11.21 for hourly- private non farm payrolls, seasonally adjusted...
First up is the BLS Report for CPI...(historical releases)
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis, the same increase as in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.5 percent before seasonal adjustment.
The index for shelter rose 0.5 percent in August and was the main factor in the all items increase. The food index increased 0.1 percent in August, after rising 0.2 percent in July. The index for food away from home rose 0.3 percent over the month, while the index for food at home was unchanged. The energy index fell 0.8 percent over the month, after being unchanged the preceding month.
The 2.53% is finally below the 2.62% of March, 2021, but still above the 1.68% of February, 2021.
Here is the unadjusted CPI for the past 12 months...
The race continues to somewhat tighten, with the electoral vote forecast now having Trump/Vance with 245 to 213 for Harris/Walz. The toss-ups are now at 80, with an edge favoring Trump at 61 and Harris at 19. Thus, Trump at 306 and Harris at 232. 270 is needed to win. 59 days to go.
Harris slipped in Georgia and held steady in Nevada. 538 has Harris with a +3.1 margin nationally, whereas I have Trump with a +0.4 lead.
It should be pointed out that Clinton was polling a +3.9 point lead nationally, just before the 2016 election. Although it should be pointed out that she lost the electoral count, due to less than 100K votes in selected states. Also, Trump lost the 2020 electoral count also, by less than 100K votes in selected states. An election that had Biden leading in the polls by +8.4 points.
It is the electoral count that matters. AS of right now... Trump has the edge.
Next week brings on a debate. Doubtful that the polls would include results from after the debates... for a couple of weeks.
In a boring stage of the polling, imho.
This week's full report.
Gasoline pump prices fell -0.9¢ for the week, and continues well below year ago levels, by -50.3¢, or -13.2%. Days supply edged up to 24.0. For perspective... last year was 23.8 days.
The race continues to somewhat tighten, with the electoral vote forecast now having Trump/Vance with 245 to 213 for Harris/Walz. The toss-ups are now at 80, with an edge favoring Trump at 45 and Harris at 35. Thus, Trump at 290 and Harris at 248. 270 is needed to win. 66 days to go.
Harris has made inroads in Georgia and Nevada and narrowed the gap in several other states. However, that bounce may be over and we have entered a plateau for both candidates.
Should be fun to watch, imho.
The monthly summary continues to improve, although PPI numbers continue to be a concern... going forward.
Laugh of the week Watching Sky News and a lady proclaimed that social media sites should be held to the same strict standards as newspaper p...