Michael McKee

speaker

1,106 appearances 198 recordings 2 series first heard Aug 2025 last heard 15 Sep

Michael McKee’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 195 in all, peaking in Jan 2026 with 40.

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The continuing claims number, though, drops one million seven hundred and sixty six thousand from one million seven hundred and seventy six thousand.

So we are seeing some improvement in the longer term claims picture.

But it all basically tells you that the labor market is stable.

Sort of the same message we got out of the Joltz data the other day.

And of course, tomorrow we'll get the payrolls data.

What moved it all?

Well, as I mentioned.

Gasoline prices, and you're not going to be surprised, they went up 21.2% in the month of March, and they kept going.

So this is going to continue into the April CPI.

Airfare, same reason, 2.7%, and fuel is going to be more expensive in April as well.

Well, we're seeing the war come home as CPI on a headline basis comes in up nine-tenths for the month as forecast, and that pushes the year-over-year

to 3.3%.

Remember, it was 2.4% in February, so a big jump.

The core comes in up two-tenths on the month.

It takes a while for stuff to get into the core, so that's not a surprise, although it's a little lower than anticipated.

The CPI core for the year

2.6%.

The index for energy, they say, rose 10.9%.

Take a guess what gasoline went up.

21.2%, according to the Bureau of Labor statistic.

Showing 441–460 of 1,106 · page 23 of 56

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