By Karen Stokes Two key indicators of the strong post-pandemic recovery are the 19 million new business applications filed during President Biden and Vice President Harris’ term, and inflation is now at its lowest level since April 2021. Since the pandemic, there have been improvements for sectors hit hard by the pandemic. “One of the […]
June Inflation Data Cools, $1 Billion Recovered
By Karen Stokes The June data of 3.0 percent surpassed expectations on multiple fronts, with headline inflation experiencing a decline of 0.1% on a monthly basis—something not seen since the early days of the pandemic. On an annual basis, headline inflation slowed to a 3% pace, from 3.3% in May. The Consumer Price Index, a […]
Jobless Rate for Black Americans Declines to 5.2%
By Karen Stokes Jobless rate for Black Americans in December 2023 is 5.2%, down from 5.8% in November. “In fact the annualized rate is 5 1/2%,” said Kirabo Jackson, Member of the Council of Economic Advisers. “The lowest it’s ever been since this data has been recorded. But that’s not a reason to spike the […]