Rising Inflation Rates Continue to Worry Americans
About the People Mentioned
Donald Trump
Donald John Trump, born June 14, 1946, in Queens, New York, is an American businessman, media personality, and politician. He graduated from the University of Pennsylvania’s Wharton School in 1968 with a degree in economics. In 1971, he took over his family’s real estate business, renaming it the Trump Organization, through which he expanded into building and managing skyscrapers, hotels, casinos, and golf courses. Trump gained widespread fame as the host of the reality TV show *The Apprentice* from 2004 to 2015, which helped establish his public persona as a successful entrepreneur. Trump entered politics as a Republican and was elected the 45th president of the United States, serving from 2017 to 2021. His presidency was marked by significant policy actions including tax cuts, deregulation, the appointment of three Supreme Court justices, renegotiation of trade agreements (notably replacing NAFTA with the USMCA), and a focus on immigration control including border wall expansion. He withdrew the U.S. from international agreements such as the Paris Climate Accord and the Iran nuclear deal, and engaged in a trade war with China. His administration’s response to the COVID-19 pandemic was criticized for downplaying the virus’s severity. Trump was impeached twice by the House of Representatives—first in 2019 for abuse of power and obstruction, and again in 2021 for incitement of insurrection—but was acquitted by the Senate both times. After losing the 2020 election to Joe Biden, Trump challenged the results, culminating in the January 6, 2021, Capitol riot. He remains a central figure in American politics, having won the 2024 presidential election and returned as the 47th president in 2025, continuing to promote policies aimed at economic growth, border security, and military strength[1][2][3][4].
About the Organizations Mentioned
Bureau of Labor Statistics
The **Bureau of Labor Statistics (BLS)** is a pivotal federal agency within the United States Department of Labor, serving as the primary source for labor market and economic data. Established to provide unbiased, timely, and accurate information, the BLS plays a crucial role in shaping economic policies and business decisions. ## What Does the BLS Do? The BLS collects, analyzes, and publishes data on employment, unemployment, wages, inflation, productivity, and working conditions. Key reports include the **Employment Situation** (monthly jobs report), **U.S. Consumer Price Index (CPI)**, **U.S. Producer Price Index (PPI)**, and **Job Openings and Labor Turnover Survey (JOLTS)**. These reports are essential for policymakers, businesses, and the public, influencing decisions such as interest rates and wage negotiations[2][3]. ## History and Key Achievements The BLS was founded with the mission to provide "the fearless publication of the facts," a principle that guides its operations to this day. Over the years, it has expanded its scope to include a wide range of economic indicators, making significant contributions to understanding the U.S. economy. Notably, the BLS has been instrumental in defining and computing the unemployment rate, a key macroeconomic metric[5]. ## Current Status Today, the BLS continues to operate independently within the Department of Labor, maintaining its commitment to impartiality and high-quality data. It serves as a critical resource for researchers, policymakers, and businesses, providing insights into labor market trends and economic conditions[3][4]. ## Notable Aspects - **Independence and Objectivity**: The BLS is known for its independence in data collection and reporting, ensuring that its findings are free from political influence[1][3]. - **Data Impact**: BLS data impacts various sectors, including cost-of-living adjustments for Social Security recipients and business hiring strategies[2]. - **Publications and Resources
