In a recent credit.com article that we were asked to write, during the research phase for the article, we stumbled on to some interesting facts from Bureau of Labor Statistics Consumer Spending Survey.
This from the article ….
What is not showing in the BLS graph is the breakdown of at home and away from home food. According to the same 2014 BLS report a whopping 41% of our TOTAL food costs are away from the home. This is a stunning number. Eating out is fun but rarely as healthy or as cost effective a way to spend your monthly income. Staying at home, planning in advance, eating healthy, and spending time with family or friends may be a great way to lower that bulging food budget.
YIKES !!!
We are including the full article in our Newsletter, which is in the works. My family hates this discovery … the belts have been tightened .. financially and physically (for not eating out.) It’s not easy !
How much do you and your family eat out ? Might be more than you think !
John A. Kvale CFA, CFP
Three Economic Charts that should make Us all Feel Good – 3.8% Unemployment Rate
Post great recession, the Unemployment rate went into double digits … +10% …. Many including us thought the new natural level of unemployment may be near 6% – prior to the great recession most believed 4% would be the all time low…
3.8% Unemployment Rate
The regular monthly Employment report from the Bureau of Labor Statistics reported last Friday, June 1 that the Unemployment rate hit 3.8% — Yes 3.8%!
Wow….
Naysayers would say this will put pressure on wages, pushing up the CPI – Consumer Price Index – indirectly forcing the FOMC (Federal Open Market Committee) to raise rates fast — possible inducing an inverted yield curve…. leading to a recession… got that… sorry for the long domino effect– but this is how Wall Street thinks… perception can become reality… Let’s check the CPI …
The CPI looks fine and has not moved up too much. Here is a possible reason why…
Jolts – Job Opening and Labor Turnover Survey
Essentially this is a relatively new statistic that many follow included the FOMC, that shows what the US Economy is producing in the form of jobs…. an increase in this chart means more jobs are available…
More Employment, but more Jobs… No Inflation —
Nice…
Have a Great “Lower Unemployment” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
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Posted in Economy, Investing/Financial Planning, Market Comments, Political
Tagged Bureau Of Labor Statistics, Job Opening and Labor Turnover, JOLTS, Unemployment, Unemployment Rate, Unemployment Report