From chief economics correspondent Chris Farrell Government statisticians said today that consumer price inflation remains tame. The Consumer Price Index (CPI) is up a mere 1.1 percent over the past 12 months ending in August. The so-called core rate of inflation–the CPI minus volatile food and energy–has risen a 0.9 percent over the same time Read more

From chief economics correspondent Chris Farrell What a miserable start to the long Labor Day weekend, our yearly national tribute to the American worker. Federal statisticians reported that the nation lost 54,000 jobs in August and the unemployment rate rose a fraction to 9.6 percent. The government’s broadest measure of unemployment-and-underemployment-and-marginal-employment also increased to 16.7 Read more

From chief economics correspondent Chris Farrell As the summer of 2010 winds down the wars in Iraq and Afghanistan are in their eighth and tenth years. The Minnesota National Guard has actively served in both conflicts and elsewhere throughout the world. Sad to say, we’ve had all too many reminders of the human cost of Read more

From chief economics correspondent Chris Farrell The recovery is intact, but it’s subdued. That’s what the latest employment report tells us. Taking into account the figures released by government statisticians this morning the economy has added 654,000 jobs so far this year. A majority of the job creation has come from the private sector. There Read more

From chief economics correspondent Chris Farrell Ugh. (That’s a highly technical economic term). The U.S. economy expanded at a muted pace during the second quarter of the 2010. Government statisticians calculate that the economy expanded at a mere 2.4 percent annual rate. They also figured that the recession–the deepest and longest since the 1930s–was even Read more

From chief economics correspondent Chris Farrell After a long fight Congress recently extended unemployment benefits for the long-term unemployed. Nevertheless, the debate exposed a fascinating discussion in economics. It also highlighted the need to avoid simplistic economic concepts. The economic argument against extending the nation’s unemployment benefits is simple: Increasing the length of unemployment benefits Read more

From chief economics correspondent Chris Farrell The Great Recession was still in full force for much of 2009 when I wrote The New Frugality. The book came out in January, 2010 and by then we knew that the recession had been the longest, deepest, and most punishing downturn since the 1930s. Very few people were Read more