When Angela Huddleston went searching for a new job in July of 2020, she wasn’t sure if her criminal record – two DUIs and one charge for possession of methamphetamine – would serve as an insurmountable barrier towards finding something better. To her own surprise, she was soon offered a […]
Author: Andre Beganski
Five Things to Watch in the CPI Report for April
The Bureau of Labor Statistics will issue its Consumer Price Index report for April on Wednesday. The measurement, which tracks price movements across a broad range of goods and services, is expected to show the rate of inflation slowed slightly to 8.1% from 8.5%, according to a survey of Bloomberg […]
Rising Food and Energy Prices Push Inflation to 8.5% but Less Volatile Prices Show Signs of Moderating
Inflation accelerated in March as energy prices soared, evidence that Russia’s invasion of Ukraine and Western sanctions added fuel to the fire that’s burning American consumers. The Consumer Price Index (CPI) rose 8.5% in the 12 months through March, the largest 12-month increase since 1981, the Bureau of Labor Statistics […]
High Gas Prices Force Gig Workers to Reconsider
When Veronica Gutierrez lost her warehouse job at the onset of the pandemic, she worried about making ends meet to provide for her eight children in Riverside, CA. Doing deliveries for Uber Eats and DoorDash made sense because of the flexibility it provided – she could pause work at a […]
Inflation rises to a 40-year high as gas prices surge
U.S. inflation worsened in February, rising to a 40-year high, and it could accelerate as geopolitical conflict in Eastern Europe threatens to disrupt the global economy. The annual inflation rate rose to 7.9% last month, the Bureau of Labor Statistics said Thursday. Its Consumer Price Index, which tracks price movements […]