Jan 12, 2025

Nothing New

It seems we're going to spend the next four years stuck in neutral (at best) instead of inching our way forward in the struggle to save ourselves from ourselves.


All because Trump took a billion-dollar bribe from the dirty fuels cartel.


(Bloomberg) -- President-elect Donald Trump said Tuesday he would seek to have a policy of having no wind farms constructed during his second term, threatening billions of dollars in planned wind projects.

“We are going to have a policy where no windmills are being built,” Trump said during a lengthy tirade against wind power during a press conference at his Mar-a-Lago resort in Florida.

Trump, who has vowed a first day executive order targeting wind farms, has long made no secret his disdain for the energy source. But his remarks Tuesday represented the sharpest threat yet from the incoming president.

As president, Trump will have broad authority over the approval of multi-billion dollar projects being planned off the US coast as well as wind farms proposed for large swaths of federal land.

Trump criticized the renewable energy source as being too expensive and harmful to the environment and whales. Trump in particular singled out a 200 wind turbine project planned off the coast of New Jersey, an apparent reference to a project being developed by EDF Renewables Inc. and Shell PLC. Other companies whose wind projects could be under threat include Avangrid Inc., Orsted AS,  and Invenergy LLC.

“They litter our country,” Trump said. “Nobody wants them and they are very expensive.”

Trump, who has fought against a wind project within view of his golf course in Aberdeen, Scotland, has long decried the energy source, and has even falsely claimed wind turbines cause cancer. Backers of the clean energy source said Trump’s anti-wind policy would raise electricity costs and take away an American source of power.

“Trump is against wind energy because he doesn’t understand our country’s energy needs and dislikes the sight of turbines near his private country clubs,” said Senator Ron Wyden, an Oregon Democrat. “He is completely out of touch.”

The US wind industry has struggled over the past year. The head of GE Vernova Inc., which makes equipment for wind farms, said last month that its onshore wind orders remain “humble” and he doesn’t expect immediate improvement because data centers require constant power. Offshore wind has had an even tougher time, with multiple developments canceled or delayed due to rising costs and supply chain kinks.

And BTW, just so we're clear on this:


Contrary to politicians’ claims, offshore wind farms don’t kill whales. Here’s what to know.

PORTLAND, Maine (AP) — Unfounded claims about offshore wind threatening whales have surfaced as a flashpoint in the fight over the future of renewable energy.

In recent months, conservatives including former President Donald Trump have claimed construction of offshore wind turbines is killing the giant animals.

Scientists say there is no credible evidence linking offshore wind farms to whale deaths. But that hasn’t stopped conservative groups and ad hoc “not in my back yard”-style anti-development groups from making the connection.

WHERE ARE U.S. OFFSHORE WIND PROJECTS?

To date, two commercial offshore wind farms are under construction in the United States. Danish wind energy developer Ørsted and the utility Eversource are building South Fork Wind, located 35 miles (56 kilometers) east of Montauk Point, New York. Ørsted announced Dec. 7 that the first of its 12 turbines there is now sending electricity onto the grid. Vineyard Wind is building a 62-turbine wind farm 15 miles (24 kilometers) off Massachusetts. Both plan to open by early next year, and other large offshore wind projects are obtaining permits.

From urchin crushing to lab-grown kelp, efforts to save California’s kelp forests show promise
There are also two pilot projects — five turbines off Rhode Island and two off Virginia. The Biden administration aims to power 10 million homes with offshore wind by 2030 — a key piece of its climate goals.

Lawsuits from community groups delayed Ørsted’s two large offshore wind projects in New Jersey and the company recently announced it’s cancelling those projects. That decision was based on their economic viability and had nothing to do with offshore wind opposition in New Jersey, said David Hardy, group executive vice president and CEO Americas at Ørsted.

ARE U.S. WIND FARMS CAUSING WHALE DEATHS?

Experts say there’s no evidence that limited wind farm construction on the Atlantic Coast has directly resulted in any whale deaths, despite politically motivated statements suggesting a link.

Rumors began to swirl after 2016, when an unusual number of whales started to be found dead or stranded on New England beaches -- a trend that predates major offshore wind farm construction that began this year.


“With whale strandings along the Northeast earlier this year in places like New Jersey, the reality is that it’s not from offshore wind,” said Aaron Rice, a marine biologist at Cornell University.

In answering questions about whale strandings earlier this year, the National Oceanic and Atmospheric Administration reported that around 40% of recovered whale carcasses showed evidence of death from fishing gear entanglement or vessel strikes. The others could not be linked to a specific cause.


In Europe, where offshore wind has been developed for more than three decades, national agencies also have not found causal links between wind farms and whale deaths.

Meanwhile, U.S. scientists are collecting data near offshore wind farms to monitor any possible impacts short of fatality, such as altered behavior or changes to migration routes. This research is still in preliminary stages, said Doug Nowacek, a marine biologist at Duke University who helped put trackers on whales this summer off Massachusetts as part of a 5-year federally-funded study.

WHAT REAL DANGERS DO WHALES FACE?


While the exact causes of recent whale strandings along the East Coast mostly are not known, whales do face dangers from human activities.

The biggest threats are shipping collisions and entanglement in fishing gear, according to scientists and federal authorities. Underwater noise pollution is another concern, they say.

Some advocates for protecting whales have characterized the push against offshore wind power as a distraction from real issues. “It seems that this is being used in an opportunistic way by anti-wind interests,” said Gib Brogan, fisheries campaign director at the environmental group Oceana.

Since 2016, humpback whales have been dying at an advanced rate — one the federal government terms an “unusual mortality event.” The much rarer North Atlantic right whale with fewer than 360 on Earth is also experiencing an unusual mortality event.

NOAA reports 83 whales have died off the East Coast since Dec. 1, 2022. Roughly half were humpbacks between Massachusetts and North Carolina, and two were critically-endangered right whales in North Carolina and Virginia.

WHAT’S BEING DONE TO PROTECT WHALES NEAR WIND FARMS?

Federal law sets limits on human-generated sound underwate r for continuous noise and short sudden bursts.

Marine construction projects can reduce possible impact on marine mammals, including by pausing construction during migration seasons, using “bubble curtains” to contain sound from pile-driving and stationing trained observers with binoculars on ships to look for marine mammals.

Offshore wind developers are taking steps required by regulators, but also are voluntarily adopting measures to ensure marine mammals are not harmed. Ørsted won’t drive piles between Dec. 1 and April 30, when whales are on the move. It uses additional lookout vehicles, encircles monopiles for turbines with bubble curtains and does underwater acoustic monitoring.

Equinor plans to use acoustic monitoring and infrared cameras to detect whales when it starts developing two lease areas off Long Island with its partner bp. The company says it will limit pile driving to months when right whales are least likely to be present.

WHY ARE SOME PEOPLE ALLEGING WIND FARMS CAUSE WHALE DEATHS?

One vocal opponent of offshore wind is the Heritage Foundation, a conservative think tank based in Washington, D.C. Diana Furchtgott-Roth, director of the foundation’s center for energy, climate and environment, wrote in November that Ørsted’s scrapped New Jersey wind project was “unsightly” and a threat to wildlife.

“Whales and birds ... stand to gain if offshore wind abandons the Garden State,” Furchtgott-Roth wrote.

Ørsted’s Hardy said claims about wind farms killing whales are “not scientific” but “very much politically-driven misinformation.”

The Heartland Institute, another conservative public policy group, has also pushed back at offshore wind projects. H. Sterling Burnett, director of the Arthur B. Robinson Center on Climate and Environmental Policy at the institute, said the wind projects are subject to unfairly lax regulatory restrictions compared to fossil fuel projects.

“We think it should be held to the same standard that any oil and gas project would be,” Burnett said.

Smaller anti-wind groups have also organized in coastal communities to oppose projects they feel jeopardize water views, coastal industries and recreation.

WHAT’S THE IMPACT OF MISINFORMATION?

Offshore wind opponents are using unsupported claims about harm to whales to try to stop projects, with some of the loudest opposition centered in New Jersey.

Misinformation can cause angst in coastal communities where developers need to build shoreside infrastructure to operate a wind farm.

Republican politicians have taken opposition from shore towns and community groups seriously. GOP congressmen from New Jersey, Maryland and Arizona got the U.S. Government Accountability Office to open an investigation into the offshore wind industry’s impacts on commercial fishing and marine life and want a moratorium on projects.

New Jersey’s Democrat-controlled Legislature remains steadfastly behind the industry.

ARE WHALES IMPACTED BY CLIMATE CHANGE?

One reason whale advocates push for renewable energy is that they say climate change is harming the animals — and less reliance on fossil fuels would help solve that problem.

Scientists say global warming has caused the right whale’s preferred food — tiny crustaceans — to move as waters have warmed.

That means the whales have strayed from protected areas of ocean in search of food, leaving them vulnerable to ship strikes and entanglements. Large whales play a vitally important role in the ecosystem by storing carbon, so some scientists say they are also part of the solution to climate change.

On Stupid

Two days ago, I went in for the COVID booster I should've gotten 3 months ago, and as the nurse was entering my info into the records system, she noticed I was behind on other vaccinations as well.

So I got 5 jabs all at once. COVID, flu, pneumonia, tentanus (every ten years - I didn't know that), and pertussis.

Pertussis. Whooping cough. We're having to inoculate old people against whooping cough now because dumbass anti-vaxxers are convinced there's something wrong with the vaccines, so they're refusing to get the shot for their kids.

Sometimes, I just hate people.

(I felt like shit most of the day yesterday, but I seem to be in fine fettle today, thank you very much)

Anyway, here's a new guy talking about how Stupid can be more destructive than Evil.

Dunning Kruger is confirmed.


Jan 11, 2025

Today's TweeXt

No, I didn't wish her ill.
Yes, I smiled when I heard she was dead.


What A Dick


Everybody in this picture knows Trump doesn't belong there.
Everybody

Jan 10, 2025

Today's Quote


Bad Thoughts

I'll go down this dark path for just a few minutes.

And BTW - I'm not advocating for any kind of "2nd amendment solution" here. I'm just indulging myself in a little Luigi Fantasy.

But ...
  • Food companies: 12
  • Oil companies: 5
  • Healthcare companies: 12
  • Airlines: 3
  • Electric Utilities: 10
  • Insurance: 12
  • Retail: 7
  • Private Equity: 10
There are about 70 companies in control of close to 85% of everything we're required to spend money on.

Wanna know what unites this country? A few dozen bullets oughta do it.

Weird Shit

There's something wrong with an awful lot of Americans. Too many of us seem to be hell-bent on finding a hill to die on.


‘Pizzagate’ gunman fatally shot by police outside Charlotte in traffic stop

The Salisbury man who died Monday after he was shot by two Kannapolis police officers over the weekend was the ‘Pizzagate’ gunman arrested in Washington, D.C., in 2016 after he terrified people with a loaded AR-15 inside a restaurant.

Edgar Maddison Welch, the man killed, made national headlines in 2016 when he entered Comet Ping Pong, a pizza restaurant in Washington, D.C., armed with an assault rifle and loaded revolver. He drove from Salisbury to the nation’s capital in search of an alleged child sex ring linked to Hillary Clinton — something he learned about from a fake news story, The Washington Post reported.

Around 10 p.m. Saturday, Welch was sitting in the passenger seat of a gray 2001 GMC Yukon when an officer pulled it over near Cannon Boulevard, a Kannapolis Police Department press release said Thursday.

The officer recognized the vehicle, having arrested Welch in the past, and knew he had an outstanding warrant for his arrest for a felony probation violation, police said.

The press release said the officer spoke with the vehicle’s driver and recognized Welch in the passenger seat as two more officers arrived.

The officer that pulled the vehicle over then moved to the front passenger seat where Welch was sitting to arrest him. But when he opened the door, Welch pulled out a handgun from his jacket and pointed it at the officer, police said.

The arresting officer and a second officer at the scene shot Welch after he refused orders to drop his gun.

The press release identified the two officers who fired as Caleb Tate and Brooks Jones. The third officer, not named, did not fire his weapon, the press release said.

None of the three officers, the vehicle’s driver, or a third passenger in a back seat were injured.

Welch was transported to a hospital in Cabarrus County for treatment. He was later transferred to one in Charlotte, but died from his injuries two days later.

The N.C. State Bureau of Investigation is investigating and both Tate and Jones were put on administrative leave.

‘Pizzagate’ incident 
The conspiracy theory falsely claimed the sex ring was in a back room of the restaurant, according to news reports, and believers pointed to leaked emails between Clinton and John Podesta, her 2016 presidential campaign chief, as proof.

The emails were about Clinton’s campaign potentially holding a fundraiser at the restaurant, but conspiracy theorists on websites like 4Chan and Reddit said it was all a disguise. And that the emails were coded in a way to secretly talk about the sex ring.

Welch decided to arm himself and investigate the restaurant. Patrons, including children, and employees fled the restaurant in fear upon seeing him and his weapons.

He fired his weapon at a door, but no one was injured as Welch searched the premises for the rumored back room that held the alleged child sex ring — neither of which existed — for 20 minutes.

He left the restaurant unarmed and was arrested.

Kannapolis Director of Communications Annette Privette Keller confirmed Welch was the man involved in the Pizzagate conspiracy eight years ago.

In addition to the AR-15 and revolver, Welch also had a shotgun and shotgun shells in his vehicle in 2016. He pleaded guilty to a federal charge of interstate transportation of a firearm and ammunition, and a District of Columbia charge of assault with a dangerous weapon, and was sentenced to four years in prison in June 2017.

The judge overseeing his case at the time was U.S. Supreme Court Justice Ketanji Brown Jackson, who was then a district judge in Washington, D.C.

Brown Jackson also ordered Welch to three years of supervised release, to receive a mental health assessment, and to stay away from the restaurant.

He was also ordered to pay $5,744 in restitution for property damage he caused at the restaurant. Welch later apologized for his actions. “I just wanted to do some good and went about it the wrong way,” Welch said. “I regret how I handled the situation.”

Today's Debunkment

  • Aspartame is not carcinogenic
  • Raw milk is not OK
  • There's no mercury in vaccines
  • Vaccines don't cause autism
  • GMOs are everywhere, they've been around forever, and they're not harmful
  • Parabens and aluminum salts in your deodorant aren't carcinogenic
  • Pro-biotics supplements are junk
  • Pre-biotics are just fiber
  • Anti-vax conspiracy fantasies are stupid and dangerous
  • Ozone therapy is bunk
  • Sweating doesn't detox - that's what your liver, lungs, kidneys, and intestines are for
  • Alkaline water / the alkaline diet are bunk
  • In general, supplements are bunk
  • There's no link between sugar and cancer
  • BPA levels in products and the general environment are not high - and they're rapidly filtered out and excreted
  • Sun screen is good
  • Presence of toxic metalloids in tampons is wildly overblown
  • There's no such thing as "alternative medicine". Clinicians are not hiding anything from you - there are no secrets of the ancients, lost to the ages.
  • Cancer rates in young people are not "skyrocketing"
  • Citric acid is not the black mold of your favorite homeowner's nightmare
  • Don't sweat Lyme Disease
  • Leaky Gut is not a real thing
  • High fructose corn syrup is no worse than honey
  • Cell phones don't emit the kind of radiation that can cause disease
  • Underwire bras don't contribute to breast cancer
  • You need fiber - carnivore diets are not good long-term


Colorado Guns

Colorado is kind of a weird place politically. We're generally a blue state, but there's a very strong and very red MAGA - or MAGA-adjacent - faction that leans hard libertarian.

The basic zeitgeist of the Denver-Boulder-Ft Collins triangle (where most of the humans live) is: "Welcome - please take a number and the governor will issue you a rescue dog and a Subaru as soon as possible". But the rest of the joint is strictly Yellowstone meets Atlas Shrugged, with bold notes of the American Taliban - guns, god, Gadsden flags, and elk sausage all around.

So it seems odd that we'd be fixin' to outlaw practically anything having anything to do with firearms. It's possible, mind ya, but as much as I'd love to see it, I'm not holding my breath.


Sale, manufacture of semiautomatic guns that accept detachable magazines would be banned in Colorado under bill

Senate Bill 3 would also outlaw rapid-fire trigger activators and bump stocks, which can make a semiautomatic firearm fire at a rate similar to that of an automatic weapon


The purchase, sale and manufacture of semiautomatic guns that accept detachable ammunition magazines would be banned in Colorado under a bill introduced Wednesday by Democrats on the first day of the state legislature’s 2025 lawmaking term.

Senate Bill 3 would affect many pistols and rifles, whose manufacturers don’t appear to make versions of the weapons without removable magazines.

The legislation also would outlaw rapid-fire trigger activators and bump stocks, which can make a semiautomatic firearm fire at a rate similar to that of an automatic weapon.

The measure would have an effect similar to — or even greater than — legislation that failed at the Capitol in recent years that would have banned the purchase, sale and manufacture of a broad swath of firearms, defined in those bills as assault weapons.

But Senate Bill 3 appears to have a better chance of reaching the governor’s desk given that it has the support of state Sen. Tom Sullivan, a Centennial Democrat whose son was murdered in the 2012 Aurora theater shooting, and given the number of cosponsors it was introduced with.

The bill has 18 original cosponsors in the Senate, including all but five Democrats in the chamber. It needs 18 votes to pass the Senate.

If the bill passes the Senate, the legislature’s more politically moderate chamber, it will almost certainly be approved by the House, where it has 24 original cosponsors, and make it to the governor’s desk.

Whether Gov. Jared Polis would sign the bill if it makes it to his desk, however, remains unclear. He has expressed skepticism of measures seeking to ban certain firearms.

In a written statement Wednesday, Polis’ office didn’t take a position on the legislation.

‘With session just beginning and state of the state tomorrow, the governor and his team are just beginning the process of reviewing particular legislation in its introduced form,” Shelby Wieman, a spokeswoman for the governor, said in a written statement.

Republicans are expected to be uniformly opposed to the bill, but they are in big minorities in the House and Senate. The GOP can try to slow the advance of the measure, but they are mostly powerless to stop it.

Gun rights groups are likely to sue to invalidate the measure should it pass.

The ban would go into effect Sept. 1. First-time violations would constitute a Class 2 misdemeanor offense, punishable by jail time and a fine, while a subsequent offense would constitute a Class 6 felony also punishable by prison.

A gun dealer who violates the law would have their license revoked. Violating the law would also prompt the state to bar a person from purchasing a firearm for five years, unless they were convicted of the felony offense, in which case they would be permanently prohibited from possessing a gun.

Most semiautomatic guns — pistols and rifles — accept detachable magazines.

That means weapons that would fall under the ban would include the AR-15 and its variants, as well as AK-47s, TEC-9s, Beretta Cx4 Storms, Sig Sauer SG550s, MAC-10s, and Derya MK-12s.

Other weapons that may be affected include the popular Smith & Wesson M&P 5.7 and Walther CCP, which are pistols. The measure specifically bans the sale, purchase and manufacture of gas-operated semiautomatic handguns.

The bill would give the attorney general the power to list which firearms would be prohibited under the measure. That appears to be an attempt to prevent manufacturers from finding loopholes in the law.

The measure would have exceptions for bolt-, pump-, lever- and slide-action guns, as well as weapons purchased by law enforcement or the military.

Senate Bill 3, should it pass the legislature and be signed into law, would not outlaw possession of the firearms covered by the bill. That means people who have the weapons before the measure goes into effect wouldn’t be affected.

The lead sponsor of the bill is Sullivan. Other main sponsors include Sen. Julie Gonzales, D-Denver, and Democratic Reps. Meg Froelich of Arapahoe County and Andrew Boesenecker of Fort Collins.

Democrats in the legislature are pitching Senate Bill 3 as a way to enforce Colorado’s 2013 law banning ammunition magazines with a capacity greater than 15 rounds. Violations of the law have been widely documented, and magazines with a capacity larger than 15 rounds have been used in at least two mass shootings in Colorado since 2013.

“It’s a high capacity magazine enforcement bill,” Sullivan said. “We passed that legislation in 2013. We’ve had 11 years since then. We haven’t gotten buy-in from the industry — they continue to ship high capacity magazines into the state. We haven’t gotten the buy-in from retailers, hobbyists. This is the next step to the enforcement.”

But the reality is gun manufacturers don’t appear to produce versions of the weapons that would be banned under the bill that don’t use or accept detachable magazines, meaning the effect would go far beyond enforcement of the 2013 law.

Sullivan said manufacturers could produce versions of their weapons that have a permanently attached, or “fixed,” 15-round magazine to adhere to the bill, if it passes.

“They will if they want to continue to sell here within the state of Colorado,” he said. “This is a big market.”

Fixed magazines cannot be removed from a gun without tools. Weapons with fixed magazines are often loaded one bullet at a time and thus are must slower to reload than a detachable-magazine firearm.

The bills banning a wide swath of semiautomatic weapons that were brought in 2023 and 2024 died in the House the first year and the Senate in the second after the measures’ sponsors failed to secure enough Democratic votes to advance them.

But the interpersonal and political dynamics at the Capitol have changed since then, and Sullivan’s lead sponsorship of Senate Bill 3 gives the measure a big boost. Sullivan opposed the 2023 and 2024 measures, saying a ban on so-called assault weapons should only be done on the federal level.

Senate Bill 3 was assigned to the Senate State Military and Veterans Affairs Committee. It hasn’t been scheduled for its first hearing yet.



Thanks, Joe

Of course, we know the drill by now: Trump will claim credit for everything good he inherits, and then, when he fucks it up, he'll blame Biden - or Mexico, or China, or Elvis - or whatever pops into that puddle of mush he keeps between his ears.



U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%

Key Points
  • Nonfarm payrolls surged by 256,000 for the month, up from 212,000 in November and above the 155,000 forecast.
  • The unemployment rate edged down to 4.1%, one-tenth of a point below expectations. A broader jobless measure moved down to 7.5%, a decrease of 0.2 percentage point and the lowest since June 2024.
  • Average hourly earnings increased 0.3% on the month, which was in line with forecasts, but the 12-month gain of 3.9% was slightly below the outlook.
  • Stock market futures plunged after the report while Treasury yields soared as traders price in a lower probability of Fed rate cuts this year.
Job growth was much stronger than expected in December, likely providing the Federal Reserve less incentive to cut interest rates this year.

Nonfarm payrolls surged by 256,000 for the month, up from 212,000 in November and above the 155,000 forecast from the Dow Jones consensus, the Bureau of Labor Statistics reported Friday.

The unemployment rate edged down to 4.1%, one-tenth of a point below expectations. An alternative measure that includes discouraged workers and those holding part-time positions for economic reasons moved down to 7.5%, a decrease of 0.2 percentage point and the lowest since June 2024.

Stock market futures plunged after the report while Treasury yields soared as traders price in a lower probability of Fed rate cuts this year.

“This is a hot report,” said Dan North, senior economist for North America at Allianz Trade. “You have to think that [Fed Chair] Jerome Powell is breathing a sigh of relief in the sense that his job just got a little bit easier. Inflation hasn’t been moving anywhere for months, so there’s no incentive to cut rates. Now you get this [jobs report] so you don’t need to cut rates to stimulate the economy.”

The report brings to a close a year in which employment grew each month, though inconsistently and at times raising questions over whether a recession loomed. However, the final two months showed a labor market still operating at strength as the Fed contemplates its next moves on monetary policy.

One area that Fed officials have stressed to not be a source of inflation is the labor market, and wages grew slightly less than expected.

Average hourly earnings increased 0.3% on the month, which was in line with forecasts, but the 12-month gain of 3.9% was slightly below the outlook and indicative that wage inflation at least is becoming less of a factor. The average workweek again held steady at 34.3 hours.

Job growth came from the familiar sources of health care (up 46,000), leisure and hospitality (43,000), and government (33,000).

Retail also saw a sizeable gain, up 43,000 after losing 29,000 in November heading into the holiday shopping season. The sector saw payroll growth of 2.2 million for the full year, down sharply from the 3 million gain in 2023.

Revisions for prior months were less substantial than has been the recent trend. The October count saw an upward change of 7,000 to 43,000, while the November number was cut by 15,000 from the prior estimate.

At their December meeting, Fed officials deemed the labor market mostly healthy though slowing. The Fed voted at the meeting to lower its key borrowing rate by a quarter percentage point while indicating a slower pace of reductions ahead.

Markets expect the Fed to hold pat at the meeting later this month, with futures pricing after the jobs report swinging to the expectation of just one cut this year. The market-implied probability of a single cut increased to 68.5% after the jobs report, according to the CME Group’s FedWatch gauge.

“The surprisingly strong jobs report certainly isn’t going to make the Fed less hawkish,” said Ellen Zentner, chief economic strategist at Morgan Stanley Wealth Management. “All eyes will now turn to next week’s inflation data, but even a downside surprise in those numbers probably won’t be enough to get the Fed to cut rates any time soon.”

Central bankers have expressed concern lately with the pace of inflation, which has held above the Fed’s 2% target largely because of stubbornly high housing costs as well as some goods prices.

The household report, which the BLS uses to calculate the unemployment rate, presented an even stronger jobs picture. That count increased by 478,000 on the month , as the labor force grew by 243,000 and the share of working age people either holding jobs or looking for employment held steady at 62.5%.

Full-time employment increased by 87,000, while part-time workers surged by 247,000. The level of unemployed workers fell by 235,000.

The duration of unemployment edged higher to 23.7 weeks, the highest level since April 2022. However, those reporting out of work for 27 weeks or more declined to 1.55 million, down 103,000.