By Tom Burnett CFA On June 12, 2024, the Bureau of Labor Statistics released its CPI report for May, 2024. The CPI was unchanged after an increase of 0.3% in April. The May figure was the lowest monthly figure for the year thus far. Over the past 12 months, the CPI is up 3.3%. down...
By Tom Burnett CFA On June 7, 2024, the Bureau of Labor Statistics issued its May Employment Report. The employed total increased by 272,000, above the 233,000 monthly average gain over the past 12 months. The unemployment rate rose from 3.9% to 4.0%. That rate has now been measured at 4.0% or lower…
By Tom Burnett CFA On May 15, 2024, the Bureau of Labor Statistics released its CPI report for April. The Index rose by 0.3% from the previous month. Over the prior 12 months, the CPI increased by 3.4%. The Energy Index rose by 1.1% and the Food Index declined by 0.2% in the month. The...
Rev. Brian J. Shanley, O.P. President, St. John’s University The anticipated closure and impending sale of the Staten Island, NY, campus presents us all with opportunities to remember, reminisce, and remind. Another tangible step to memorialize our Staten Island legacy is to transfer named buildings…
By Tom Burnett CFA On May 3, 2024, the Bureau of Labor Statistics released its Employment Report for April. Total nonfarm payroll employment rose by 175,000 jobs, less than the 242,000 average gain over the previous 12 months. The unemployment rate was 3.9%, continuing its range of 3.7%-3.9% which began…