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    Talking Turkey: How Inflation Affects your Holiday

    Much like many other goods, the price of turkey has gone up this year. The Consumer Price Index (CPI) measures the changing cost of goods and services over time to track inflation, and we can use...
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    Accuracy Matters: Benchmarking Diversity

    A company grading themself on staffing diversity needs to pick the proper benchmark. There are a variety of available labor market data related to diversity and choosing the wrong data could easily...
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    Labor Day Indicators Point to "Employees" Market

    This article was originally published in the Richmond Times Dispatch on September 5, 2022.  As we celebrate our third Labor Day in what is hopefully a waning pandemic, the labor market remains tight....
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    Best College Majors for Remote Work

    Does your choice of college major affect your options for working remotely after graduation? It certainly does! The latest data from employers hiring in 2022 show a clear pattern. First off, a...
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    Back-to-school Shopping a Predictor of How the Holiday Selling Season Will Fare

    This article was originally published in the Richmond Times Dispatch on August 6, 2022.  With fears over COVID on the decline, recessionary fears are likely weighing heavily on retailers. On top of...
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    The Five Horsemen of a Recession

    On July 28th the Bureau of Economic Analysis (BEA) reported that real Gross Domestic Product (GDP) declined at an annual rate of 0.9% for the second quarter of 2022, marking the second consecutive...
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    Gas Prices are Going Down - Will this Continue?

    Consumers are facing some relief as gas prices have been on a downward trend since mid-June. The national average price of gas is currently $4.19 per gallon, $0.63 lower than the average of $4.82 per...
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    Reevaluating Measures of Poverty

    Fifty years ago, in 1972, the official U.S. poverty rate was 10.2%. Now, in 2022, it remains at 10.2% (see Figure 1).[1] Can this be true? Have we made no progress in bringing down poverty? Over the...
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    The Probability of a Recession in Late 2022 is Over 50%

    Gross domestic product (GDP) recently contracted in the 1st quarter of 2022, with the economy declining at a 1.6% annual rate after increasing 6.9% in the 4th quarter of 2021. Both trade and...
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