Quote:
Originally Posted by adav8s28
QuikTrip gas stations in North Dallas near Love field airport has 93 octane selling for $3.22 a gallon. I took a screen shot last night. A Shell station will be 8 to 10 cents higher. The engine in my car likes the shell gas better. The QuikTrip station is closer to me.
The unemployment rate of 4% is considered low. The unemployment rate of 3% is considered full employment by most labor economists.
If you see a graph that plots the inflation rate against time, you will see that the inflation rate is down to 2.5%. It was around 10% after Putin invaded the Ukraine.
Most people who are employed have had a least one raise from 3 or 4 years ago. This of course depends that your company made a profit and your performance review was satisfactory.
If companies are not hiring, why are there so many job postings on a site like www.indeed.com? Type in the word Java or accounting or Customer Service in the search bar. A lot of jobs come back.
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I guess in my area it's 3.50 to 3.70 for premium at Exxon, Shell etc. Not too bad.
The Strategic Petroleum Reserve has been drawn down by 40% but holding its levels.
https://ycharts.com/indicators/us_en...roleum_reserve
Still on the aggregate a lot higher than 4 years ago:
https://www.eia.gov/dnav/pet/hist/le...te_nus_dpg&f=m
Regarding unemployment.
For the last two years we'd get great unemployment numbers only for bls to revise them higher the following quarter
https://www.cnn.com/2024/08/21/econo...ons/index.html
The main issue with unemployment numbers is that they exclude people who dropped out from the workforce.
https://www.bls.gov/charts/employmen...ation-rate.htm
If you look at the differential between level today you see that .7 percent of the population just gave up according to official government stats.
Prices have gone up how much in the last 3-4 years? Did people's raises offset that inflation? I believe they didn't.
I've looked on Indeed. What I see is many less listings with many more people competing for them.
Then there's the question of fake job listings.
https://www.cnbc.com/2024/08/22/ghos...-the-rise.html