• Pat Flood (@rebarcock) passed away 9/21/25. Pat played a huge role in encouraging the devolopmemt of this site and donated the very first dollar to get it started. Check the thread at the top of the board for the obituary and please feel free to pay your respects there. I am going to get all the content from that thread over to his family so they can see how many people really cared for Pat outside of what they ever knew. Pat loved to tell stories and always wanted everyone else to tell stories. I think a great way we can honor Pat is to tell a story in his thread (also pinned at the top of the board).

Rates have peaked

The U.S. economy created 199,000 jobs in November and the unemployment rate fell to 3.7 percent, according to data released Friday by the Bureau of Labor Statistics

The percentage of Americans who are unemployed has been below 4 percent for two years, a sign that the labor market remains unusually favorable for workers, giving them leverage to demand raises and switch into better jobs. Layoffs also remained low in October, according to the Labor Department’s job openings survey released Tuesday, despite some concentrated pockets of job losses in finance, tech and media.

The good news for workers is that even as wage growth has moderated since earlier this year, rising by 4.1 percent over the previous 12 months in October, inflation has slowed more, meaning average hourly earnings are beating price increases, boosting Americans’ spending power.


“This is encouraging for central bankers and the people getting real wage gains,” Bunker said. “It’s helping people spend more which is good for GDP growth and for everyone. It’s a win-win for a variety of audiences."

 
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Best economy we’ve had since Clinton.


Last month, for the first time since April 2020, prices fell on a monthly basis.

US inflation slowed further in November, and consumer spending continued to outpace expectations, according to a closely watched report released Friday by the Commerce Department.

November’s Personal Consumption Expenditures price index, a comprehensive measure of prices US households pay for goods and services, declined 0.1% from the month before, bringing the annual inflation rate to 2.6%.


It’s the first time the headline PCE index went negative on a monthly basis since early in the pandemic. Annually, it’s a marked improvement from a 2.9% rate in October.

The Federal Reserve’s favored inflation gauge — the “core” Personal Consumption Expenditures price index that excludes energy and food prices — also cooled to 3.2% for the year ended in November. That’s a step back from October’s annual increase of 3.4% and a step closer to the central bank’s 2% target rate.
 

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