Jarheads Obama Recovery
Phase II of Obamanomics kicking into gear.....INFLATION....
http://www.cnbc.com/id/44187274
US Jobless Claims Up, Gasoline Lifts Consumer Prices
Thursday, 18 Aug 2011
Initial claims for state unemployment benefits increased 9,000 to a seasonally adjusted 408,000, the Labor Department said on Thursday, above economists' expectations for a rise to to 400,000.
Another report from the Labor Department showed the Consumer Price Index increased 0.5 percent in July, the largest gain since March, after falling 0.2 percent in June. That was above economists' expectations for a 0.2 percent gain.
Gasoline, which rose 4.7 percent after falling 6.8 percent the prior month, accounted for about half of the rise in CPI last month.
We won't even talk about food and clothing...
Phase II of Obamanomics kicking into gear.....INFLATION....
http://www.cnbc.com/id/44187274
US Jobless Claims Up, Gasoline Lifts Consumer Prices
Thursday, 18 Aug 2011
Initial claims for state unemployment benefits increased 9,000 to a seasonally adjusted 408,000, the Labor Department said on Thursday, above economists' expectations for a rise to to 400,000.
Another report from the Labor Department showed the Consumer Price Index increased 0.5 percent in July, the largest gain since March, after falling 0.2 percent in June. That was above economists' expectations for a 0.2 percent gain.
Gasoline, which rose 4.7 percent after falling 6.8 percent the prior month, accounted for about half of the rise in CPI last month.
We won't even talk about food and clothing...