Bureau of Labor Statistics Southwest Information Office
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Recent News About Bureau of Labor Statistics Southwest Information Office
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GOP: 'Inflation is a tax on ALL Americans' as Midwest Region, Michigan CPI report shows 6.8% inflation rate
On Dec. 13, the newest Midwest Region Consumer Price Index report was released showing an overall slight decrease in the annual inflation rate at 6.8%, which economists say is a good sign but is still much higher than pre-pandemic levels. The price of goods continue to rise as workers are taking on second jobs to make ends meet. President Biden was pleased with the report while his critics said prices and overall inflation are still very high causing Americans to lose money overall in the last two years.
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Former White House official: 'Inflation, the economy, crime, border security, Mr. Biden’s approval rating' are 'midterm’s gravitational forces'
In an op-ed for the Wall Street Journal, Karl Rove claims the GOP is likely to win many races because of inflation, the economy, crime, the border and President Joe Biden’s approval rating.
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Poll: ‘76% say grocery prices have risen in last month’ as economy headed for recession
According to Ballotpedia’s most recent Scott Rasmussen Number of the Day poll, a majority of voters have seen grocery prices and gas prices rise in the past month. Economists are predicting a recession is coming and inflation is not going away anytime soon. Some economists say inflation is tied to government spending, supply chain logistics and the war in Ukraine. Sen. Gary Peters has historically supported many of the spending bills under the Biden administration.
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Michigan’s inflation rate increased as core inflation 'accelerated' to 'highest since 1982'
As the US Bureau of Labor Statistics released the numbers on inflation for the Midwest Region, including Michigan, today, data shows inflation at 8.1%, meaning the consumer price index (CPI) has increased 8.1% in September of this year compared to 2021.
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Washington Post columnist: 'Inflation has been eating up wage gains since April 2021'
Michigan families continue to make stark decisions involving finances that continue to be compromised due to inflation.
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In Michigan, inflation costs families $26,000 more per child than two years ago: 'This is Joe Biden's recession'
The cost of raising a child has jumped monumentally, according to a recent report that highlighted child care costs amidst mounting inflation.
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Michigan’s average rent rose more than 22%; Americans show concerns about housing affordability
Inflation is pricing many potential home buyers out of the market as housing prices continue to soar. According to results from Freddie Mac's Federal Home Loan Mortgage Corporation poll, 62% of Americans are somewhat or very concerned about being able to afford their housing.
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Michigan's average household income erosion: $3,559 annual loss: 'a sign of how far and fast inflation has risen'
While inflation is down from a month ago, the cost of goods continues to remain high and that is forcing Michigan families to make critical decisions on what household items to buy.
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House Republicans as latest CPI drops: 'Inflation is a tax on all Americans'
The latest Consumer Price Index (CPI) numbers are out for July, and although the reported inflation number is marginally lower than last month, the indexes for some crucial categories increased.
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Inflation derailing wage increase among workers in Michigan: 'Real ... hourly earnings declined at the steepest [rate] in four decades in June'
Despite the state's robust job growth, this week's report that inflation was at 9.1% revealed the sharpest real wage decline in several decades.
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Michiganders forced to use pandemic savings to cope with inflation
When the COVID-19 pandemic broke out across the nation, lockdowns and stimulus checks helped many U.S. households build up extra savings.
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Disapproval of Biden's economic performance extends to Michigan
In Michigan and across the nation, sky-high gas prices and an 8.6% inflation report are leading to high levels of disapproval for the Biden administration.
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Cost of inflation zeroing out any raises Michiganders received: 'they call inflation a tax'
Michiganders may be making more money at their jobs, but an editorial suggests the additional money they're making isn't reflected in their wallets because of the high cost of inflation nationwide.
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Survey shows Michigan residents down on economy
Michigan residents are likely part of the majority of Americans frustrated by stalled economic growth and dwindling faith in the Biden administration, according to a pair of recent surveys.
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After 7% spike in 2021, Michigan residents face record levels of inflation
Michigan residents are feeling the pinch as historic levels of inflation are impacting their ability to afford the cost of basic goods and services.
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Inflation numbers show highest increase in 40 years
The Consumer Price Index rose 0.5% in December, ending the year up 7%, the highest 12-month increase since June 1982, the U.S. Department of Labor reports.
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Michigan's small businesses are the hardest hit by COVID-19 shutdowns in the nation
Michigan small businesses have been hit harder than other states by government-ordered closures, according to data from a U.S. Bureau of Labor Statistics survey.