How wonderful... The number is actually down!
Last month it was 12.72%. This month it's 12.33%,
9.7% + 2.63%.
Break out the champagne... we're on the road to recovery!
Uhh, NOT SO FAST, Bunky.
Let's do a little studying here before we celebrate.
The index is down because the unemployment number is down. The INFLATION portion of the index is actually UP. (Gee, imagine that!)
So, what ya need to do is take a look around you and see if you think the numbers make sense...
Is the unemployment situation actually improving?
Is inflation more likely to increase or decrease over the coming months?
Obama is getting ready to "stimulate" the economy again. Where will that money come from? What impact will that have on inflation?
Are your neighbors going back to work? Will the unemployment part of the index be up, or down next month?
Pay attention to the Commercial Real Estate market, Bank closures, and the impact of those factions on the F.D.I.C..
Don't we live in interesting times?