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Board of Governors: Minutes of the Federal Open Market Committee June 14–15, 2022; Consumer Price Inflation Remained Elevated
Total nonfarm payroll employment rose solidly in April and May, though the pace of increase was slower than in the first quarter, and the unemployment rate remained unchanged at 3.6 percent. The unemployment rates for African Americans and for Hispanics were little changed, on net, though both rates remained noticeably higher than the national average. On net, the labor force participation rate edged down between March and May, while the employment-to-population ratio was unchanged. The private-sector job openings rate, as measured by the Job Openings and Labor Turnover Survey, edged lower in April but remained at a high level. Nominal wage growth remained elevated, with average hourly earnings having risen 5.2 percent over the 12 months ending in May, and the increases were widespread across industries. Consumer price inflation remained elevated. Total PCE price inflation was 6.3 percent over the 12 months ending in April, and core PCE price inflation, which excludes changes in consumer energy prices and many consumer food prices, was 4.9 percent over the same period. more »
Julia Sneden Wrote: Going Forth On the Fourth After Strict Blackout Conditions and Requisitioned Gunpowder Had Been the Law
Julia Sneden wrote: "Being outdoors on a humid North Carolina night amid fireworks and fireflies has become my favorite July Fourth memory. Oh, these days I am happy to watch the various displays on television, in air-conditioned comfort, but it can’t replace seeing my boys’ awed faces, or the sound of their “oohs” and “wows!” or the relaxed, casual feel of the impromptu crowd. It was Carl Schurz, a 19th century German immigrant who grew up to become a US Senator and later on was the Secretary of the Interior, who gave us the famous remark: 'My country, right or wrong: if right, to be kept right; and if wrong, to be set right.' " more »
Women's Congressional Policy Institute Weekly Legislative Update: Exempting Breastfeeding Women & Jury Duty; Update on Women’s Health, Mental Health, Homelessness”
Women's Congressional Policy Institute Weekly Legislative Update: Meeting Veterans’ Full Needs, Exempting Breastfeeding Women & Jury Duty; Update on Women’s Health, Mental Health, Homelessness; Women’s Business Centers Improvement Act of 2022, independent investigation & prosecution of sexual harassment, independent investigation and prosecution of sexual harassment under the Uniform Code of Military Justice.
Weekly Legislative Update
Apr… more »
A Ferocious Predator of Its Day: T. Rex’s Short Arms May Have Lowered Risk of Bites During Feeding Frenzies
In a new paper appearing in the current issue of the journal Acta Palaeontologia Polonica, paleontologist Kevin Padian floats a new hypothesis: The T. rex’s arms shrank in length to prevent accidental or intentional amputation when a pack of T. rexes descended on a carcass with their massive heads and bone-crushing teeth. A 45-foot-long T. rex, for example, might have had a 5-foot-long skull, but arms only 3 feet long — the equivalent of a 6-foot human with 5-inch arms. “What if several adult tyrannosaurs converged on a carcass? You have a bunch of massive skulls, with incredibly powerful jaws and teeth, ripping and chomping down flesh and bone right next to you. What if your friend there thinks you’re getting a little too close? They might warn you away by severing your arm,” said Padian, distinguished emeritus professor of integrative biology at the University of California, Berkeley, and a curator at the UC Museum of Paleontology (UCMP). “So, it could be a benefit to reduce the forelimbs, since you’re not using them in predation anyway.” more »