CBSmarketwatch has the headline "No sign of inflation" and "jobless claims dip, but then you read the article and you find these little tidbits.
http://cbs.marketwatch.com/news/story.asp?guid=%7BF134ABBC%2D1BDF%2D4667%2D8AAE%2DC969E9DE08EF%7D&siteid=mktw&dist=The CPI increased 3.3 percent in 2004, the largest increase since 3.4 percent in 2000. Core prices increased a moderate 2.2 percent, the most since 2001's 2.7 percent increase.
With hourly wages up 2.7 percent in 2004, real hourly wages adjusted for inflation fell by 0.8 percent. It's the first year real wages have declined since 1994. Weekly wages fell 0.2 percent in 2004 and are essentially flat since the recession ended in November 2001.WTF!!
http://cbs.marketwatch.com/news/story.asp?guid=%7B46B4B48B%2DEEE1%2D47B9%2DB526%2D09DC3242541B%7D&siteid=mktw&dist=Meanwhile, the number of laid-off workers receiving unemployment benefits rose by 47,000 to 2.69 million.And correct me if I'm wrong, isn't the following information just people not able to receive claims, or have stopped looking for work?
The four-week average of continuing claims fell by 8,000 to 2.74 million.
The insured unemployment rate remained at 2.1 percentIt's all a bunch of bullshit! We're being lied to on a grand scale! It's all unprecedented!
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