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A cursory analysis of US inflation and unemployment data from 1953 to 1992 shows no single curve will fit the data, but there are three rough aggregations—1955–71, 1974–84, and 1985–92—each of which shows a general, downwards slope, but at three very different levels with the shifts occurring abruptly.
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The data for the misery index is obtained from unemployment data published by the U.S. Department of Labor and the Inflation Rate from the Bureau of Labor Statistics. The exact methods used for measuring unemployment and inflation have changed over time, although past data is usually normalized so that past and future metrics are comparable.
In 2014, unemployment dropped to 5.6 percent—making it the best year for job growth since 2007. Yet. With 66 consecutive months of growth, the U.S. is in the midst of one of its longest-lasting ...
Studies published in the American Economic Review by Blinder and Watson have analyzed the factors which determine differences between unemployment rates during Democratic and Republican Leadership. They found that the unemployment rate fell under Democratic presidents by an average of 0.8 percentage points, while it increased under Republican ...
Inflation vs. Wage Growth. ... The 50 Happiest States in America and How Much It Costs to Live There. ... Federal Reserve data shows that for most of his first three years, the average price was ...
There may be an economic trade-off between unemployment and inflation, as policies designed to reduce unemployment can create inflationary pressure, and vice versa. Debates regarding monetary policy during 2014–2015 centered on the timing and extent of interest rate increases, as a near-zero interest rate target had remained in place since ...
The mid-Atlantic state registered a record unemployment rate of 1.6% in September — less than half the national unemployment rate of 3.8% that month — Labor Department data shows.