Is ShadowStats accurate?

Is ShadowStats accurate?

Up until around 1982, the ShadowStats CPI estimate is identical to the US Government’s CPI reported numbers. If the ShadowStats’s estimate is correct, it means that a change rolled out to the CPI in the early 1990s, which resulted in perhaps a 1.5 percentage point change, ramps up over three decades to where it is now.

What is the u6 rate?

U-6 Unemployment is all unemployed, marginally attached and part-time for economic reasons individuals as a percent of the civillian labor force plus all marginally attached workers….Stats.

Last Value 9.60%
Next Release Sep 3 2021, 08:30 EDT
Long Term Average 10.45%
Average Growth Rate 3.15%

What is the true inflation rate 2020?

For example, the rate of inflation in 2020 was 1.4%. The last column, “Ave,” shows the average inflation rate for each year using CPI data, which was 1.2% in 2020….Current US Inflation Rates: 2000-2021.

Element Annual Inflation Rate
2018 1.9
2019 2.3
2020 1.4
2021* 5.4

What is the real unemployment rate?

Compare the Real Unemployment Rate

Year (as of January) U-3 (Official) U-6 (Real)
2018 4.0% 8.0%
2019 4.0% 8.0%
2020 3.5% 6.9%
2021 6.3% 11.1%

What is the real rate of inflation?

Unbiased private-sector efforts to calculate the real rate of inflation have yielded a rate of around 7% to 13% per year, depending on the locale — many multiples of the official rate of around 1% per year.

What is the chapwood index?

The Chapwood Index reflects the true cost-of-living increase in America. Updated and released twice a year, it reports the unadjusted actual cost and price fluctuation of the top 500 items on which Americans spend their after-tax dollars in the 50 largest cities in the nation.

Why is everything so expensive 2020?

The prices of plenty of items have crept up over the past year. Gas prices are up significantly over the past year due to a variety of factors including higher oil prices, a shortage of truck drivers, and a big increase in demand as people start driving and flying again.

Who is hurt by inflation?

Inflation means the value of money will fall and purchase relatively fewer goods than previously. In summary: Inflation will hurt those who keep cash savings and workers with fixed wages. Inflation will benefit those with large debts who, with rising prices, find it easier to pay back their debts.

What is the unemployment rate in 2020?

In April 2020, the unemployment rate reached 14.8%—the highest rate observed since data collection began in 1948. In May 2021, unemployment remained higher (5.8%) than it had been in February 2020 (3.5%).

What is the difference between actual and natural rate of unemployment?

The natural rate of unemployment is the unemployment rate that would exist in a growing and healthy economy. The economy is considered to be at full employment when the actual unemployment rate is equal to the natural rate. When the economy is at full employment, real GDP is equal to potential real GDP.

How to file an unemployment claim in Michigan?

miwam The Michigan Web Account Manager (MiWAM) is the UIA’s system for filing your unemployment insurance claim and managing your UIA account online. Employees need to use the UIA’s daily filing schedule based on their last names.

Is the unemployment insurance agency closed on July 5?

UIA Reminder All state departments and agencies, including the Unemployment Insurance Agency, are closed on Monday, July 5 in observance of Independence Day. State of Michigan holiday schedule

Do you have to search for a job to get unemployment?

Unemployment Insurance Benefits Update Update on Work Search Requirements Coming soon, the requirement for claimants to actively search for work in order to receive unemployment benefits will be reinstated. This requirement has been waived since March 2020 because of the COVID-19 pandemic.

How to contact UIA unemployment insurance by phone?

Beginning June 7, UIA is beginning a new call-in schedule for all claimants who certify by phone with MARVIN. Claimants who certify by phone must call on the scheduled day and time that corresponds with the last two digits of their Social Security Number (SSN). MARVIN can be reached at 1-866-638-3993 Monday – Friday, 8:00 a.m. – 4:30 p.m.