(AKA the unemployment rate, the cost of eggs, the price of gas, inflation, the Dow Jones, whether citizens received a stimulus check, and Trump’s overall approval rating.)
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Note: Inflation data is released a few weeks after the end of each month, so our reports will look at the previous month’s figures.
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While unemployment appears to have dipped slightly to 4.4 percent, according to the Bureau of Labor Statistics, that number takes the nation into account. Meanwhile, industries like health care, social care, and even food service are seeing personal increases in their individual unemployment rates.
Instead of responding with a plan, Donald Trump recently alleged no evidence that Democrats hired “a million people, then hired a million more, and a million more” to lower the unemployment rate while their party’s president was in office. “It’s a bogus duck,” he declared of the past (again, WITHOUT PROOF).
Our numbers reflect nearly a full year of Biden’s presidency, and the cost of 100% ground beef is up nearly a dollar, according to the Bureau of Labor Statistics.
Food prices are higher. Americans feel it in their wallets and bellies. What can be done about it?
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Gas is a sensitive subject for Economy Hate Watch readers. Every time I post a new report, I get hundreds of comments here and on Instagram about how the national average doesn’t nearly reflect the price I see at the pump. Some people see numbers that start with six, and others – the lucky souls – see two.
What I will say is that our last issue received a comment begging me to reiterate that gas prices are cyclical. People go out and travel more in the summer and tend to stay inside more in the winter. So this is usually reflected in the prices. Gas tends to be higher during warm weather demand and lower to attract winter burrows.
For now, at $3.024 per gallon, we may see winter pricing before a summer boom.
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Inflation remained the same month over month at 2.7 percent, according to the Bureau of Labor Statistics. However, the same bureau reported that this number is 0.3% higher on a seasonal basis than usual.
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Can I be honest, everyone? Is this a safe space?
The Dow Jones section of this report always gives me hope. As someone who is abysmal with the concept of stocks and trading, I have never noticed the correlation between the market that seems to rise when the country hits a social low. In December, the market grew by 1%, according to Stat Muse.
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Last month, I joked about the $2,000 tariff dividend checks Trump announced on Truth Social and how there didn’t seem to be a peep about them since November. Well, I didn’t know Trump apparently forgot he mentioned the idea.
When asked if Americans could expect to see their $2,000 checks as he promised, Trump reportedly asked New York Times reporters, “Did we do that? When did we do that?”
So if you ask me: the president’s memory is… questionable and no, we can’t rely on him to remember his OWN promises to the American people.
Once again, Donnie sees his term approval rate drop to 36%.
As our comments section showed last month, readers are deeply conflicted. While you seem to find it incredibly valid, I also see a LOT of questions about the bottom third of Americans. What do we think of them holding fast? Let me know in the comments.
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This is a great question! Yes, it’s true that we pull a lot of our data from government-run agencies like the Bureau of Labor Statistics and the US Energy Information Administration. And yes, I’d be lying if I said I wasn’t a little concerned about misleading statistics.
However, there are a few points that give me confidence in our data:
1. At Economy Hate Watchwe submit our data with reports published by organizations, economists and other news outlets to ensure fair scrutiny. In previous editions, we’ve shared moments when economists felt the numbers presented by the Trump administration were misleading, and we’ll continue to bring you that additional context.
2. Many employees at these agencies have worked there for YEARS. They crunched the numbers under different presidents—regardless of their party—and in different eras in America. When Trump bullies them, and he has, these economists are quick to say so in a very public way and refuse to bend.
It is good to be cautious about information. We are also cautious and always strive to provide you with the most accurate data available. If we’re ever missing anything, feel free to leave us a comment! I read them all.
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I also wish there was a way to boil down all of the administration’s departures from humanity into one cohesive number. Until then, you can keep your own personal measure through our coverage.
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