Despite Treasury Secretary Janet Yellen claiming that inflation was only transitory and likely to disappear, we are seeing continued inflation. Now we see that Unit Labor Costs are up 3.2% QoQ for Q4 2022.
Even worse, US unit labor costs rose 6.5% on a year-over-year (YoY) basis, the WORST since 1982.
And yes, Q4 2022 unit labor costs are up 2x the expectations.
In normal times, The Federal Reserve would raise rates to cool down the economy. The Taylor Rule suggests a Fed target rate of 10.59% versus the current Fed rate of 4.75%. A long way to go!!
Trending:
- The Case Against Trump is a Diversion From the Monetary Collapse and a Defeat in Ukraine
- Rothschilds, Rockefellers, and More Redpills
- Proof of What JADE HELM 15 really is and why they are doing it. This is VERY important you read. Your life may depend on it.
- The Fed Just Broke EVERYTHING!! (This Is Bad)
- James O’Keefe: “Linda Malone, Maryland elections admin, RESIGNS day after @OKeefeMedia expose showing thousands of contributions through individual Annapolis, MD home addresses”
- CDC Posts Airports Warning Signs Today March 31, 2023
- The TRUTH about the bank runs. Regulators are LYING to you!
- This is beyond disturbing!
- “What I did NOT KNOW was that Mr Macron was not vaccinated. I did not know that most of the members of the government were not.”
- Things Are Starting To Get Really Crazy Out There…
Views: 59