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For example, average hourly earnings growth rates for production and non-supervisory workers (a proxy for middle-class workers) increased in nominal terms from 2.3% for the 2015–2016 period, to 2.6% for the 2017–2018 period. However, in real (inflation-adjusted) terms, the growth rate was faster at 1.6% in 2015–2016 versus the 0.3% in ...
Shadowstats.com is a website that analyzes and offers alternatives to government economic statistics for the United States. Shadowstats primarily focuses on inflation, but also keeps track of the money supply, unemployment and GDP by utilizing methodologies abandoned by previous administrations from the Clinton era to the Great Depression.
The annual percent change in the US Consumer Price Index for All Urban Consumers is one of the most common metrics for price inflation in the United States. The United States Consumer Price Index (CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS). The most commonly used ...
Inflation is a normal -- and usually, healthy -- part of the economy. In fact, the Federal Reserve aims to maintain an inflation rate of about 2% annually. But for the last couple of years ...
[131] [132] An estimated 11.8% of Americans lived in poverty in 2018, [133] versus 16% in 2012 and 26% in 1967. [134] The poverty threshold in the United States was at $12,880 for a single-person household and $26,246 for a family of four in 2021. [135] [136] As of 2023, 2.75% of the U.S. population earn less than $10 per day.
WASHINGTON (Reuters) -Inflation-adjusted income fell and a key poverty measure rose sharply last year as the U.S. economy continued its rocky emergence from a once-in-a-century pandemic, the U.S ...
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
The War on Poverty embraced expanding the federal government's roles in education and health care as poverty reduction strategies, and many of its programs were administered by the newly established Office of Economic Opportunity. The War on Poverty coincided with more methodological and precise statistical versions of studying poverty; the ...