February 25, 2017

Gas Prices Decline as US Dollar Appreciates

While the recent ascent in the price for a barrel of oil would suggest higher gas prices for American consumers, the ascent of oil in recent months has not correlated to an ascent in gas prices. Typically, a $10 rise in the price of oil results with a 24 cent increase in the price for […]

Inflation Continues for US Dollar in April

During April, the descending trend of the US dollar continued, with a 0.4% increase in the consumer price index, according to data [.pdf] released today from the Labor Department. The consumer price index measures adjustments in the prices of common goods and is a key indicator for inflation. April marked the tenth consecutive month with […]

Gas Prices Exceed $4 per Gallon

During the week ending May 9th, the price for a gallon of gas nationally averaged $4.018, according to the US Energy Administration. This is the second week with the national average above $4 per gallon, as well as the twenty-first week out of the past twenty-three weeks with an increase in the national average for […]

Unemployment Rate Facts April 2011

During April, the unemployment rate edged up 0.2%, raising the rate to 9.0%, according to data [.pdf] released today from the Labor Department. Despite this rise in the unemployment rate, which is up from 8.8% in March, the US economy added 244,000 jobs during April. The private sector grew for the seventh consecutive month, with […]

Economic Growth Decelerates in 1st Quarter

During the first quarter of 2011, the US economy recorded positive growth, yet the rate of growth decelerated and was relatively sluggish. Total output of the US economy grew at an annual rate of 1.8% in the first quarter, according to the advanced estimate of the gross domestic product [.pdf] released today from the Bureau […]

US Prices Continue to Rise in March 2011

During March, the US economy continued an upward pattern in the prices for common goods. The consumer price index, a key indicator for adjustments in the prices of goods or inflation, rose 0.5% during March, according to statistics [.pdf] released today from the Labor Department. This marks the ninth consecutive month with an increase in […]

Gas Prices Soar Amid Libyan Crisis

During the week ending March 7th, the national average for a gallon of gas increased fourteen cents to $3.57, according to the US Energy Administration. Among the last fourteen weeks, this is the thirteenth week with an increase in the average price of gas. While there is a broad trend of rising gas prices, there […]

Economy Grew 192k Jobs in February

The unemployment rate declined 0.1% in February, bringing the rate to 8.9%, according to statistics released today [.pdf] from the Labor Department. This is the first time the unemployment rate has been below 9% since April 2009. The US economy added 192,000 jobs in February, with an increase of 222,000 jobs in the private sector […]