ALFREDO ORTIZ: Democrats Have Mastered The Art Of Inflation
Inflation has eased, but the damage is already done. Government data released Thursday showed the Consumer Price Index rose 3% from last year, while the core CPI rose 3.3%, still high levels and 50% above the Federal Reserve’s target rate. Even more problematic is that today’s inflation A historic 20% increase Prices have been rising […]
ALFREDO ORTIZ: Corporate Media Desperately Wants You To Ignore This Alarming Factoid In Newest Jobs Report
Ignore the May jobs report‘s topline establishment survey number and the media’s celebratory reporting. It’s not to be trusted. A new analysis by the Daily Caller News Foundation shows that payrolls were overstated by 1.3 million last year after accounting for the constant downward revisions. A new Bloomberg Economics report finds monthly job gains were overstated by 730,000 last year. Bloomberg […]
ALFREDO ORTIZ: Jobs Report Shows The Specter Of Stagflation Has Returned
The specter of stagflation has returned. The monthly jobs report released Friday showed only 175,000 jobs were created last month, well below the recent average and expectations. More than half of new jobs were created in the unproductive government and quasi-government healthcare and social services sectors that don’t generate growth. Average wages grew at a slower rate than […]
ALFREDO ORTIZ: Under The Hood, The Jobs Report Is Not Strong
Looking under the hood of today’s jobs report shows it isn’t the home run that Democrats and the media claim. Approximately half of the 303,000 jobs created last month came in the unproductive government or quasi-government healthcare sectors. These are not the types of jobs that drive growth and improve Americans’ living standards. Looking at the broader […]