The Labor Department’s March inflation numbers released this month skyrocketed past February’s, hitting a 12-month increase of 8.5 percent and the steepest annual increase since 1981.
Americans’ wages have dropped by almost 3 percent under President Joe Biden’s high migration, big-spending policies, according to data presented by one of President Barack Obama’s top economists.
Florida Gov. Ron DeSantis (R) mocked White House press secretary Jen Psaki, who has routinely criticized the Florida governor for prioritizing liberty in his state, on National Margarita Day after she infamously told frustrated Americans to “go to a kickboxing class, have a margarita” as a way to deal with political frustrations.
Record high job openings and extremely low employment have not stopped workers from losing ground due to inflation running at a 39-year high, data from the Labor Department showed Wednesday.
Wage gains weakened in December even as inflation likely accelerated, pushing workers even further behind and making meeting it tougher for millions of American families to meet their household needs.