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 […]