The Michael Berry Show

About an hour and a half ago the producer price index was released. I haven't had a chance to get it. I just made a note to myself that that would be this morning

The bigger economic data will come tomorrow, and it's being closely watched.

Obviously there is a lag, there's a tail to the time between the end of the month and when we get it, so two weeks into May we get

April's number.

But the Consumer Price Index, which is considered one of the best representations of inflation,

that is, what are you paying for basic commodities?

You know better than people on national news who often don't know and some of them do know and lie to you because

they so desperately want Biden to be doing a good job.

Under President Trump, inflation average 1.9%.

Under Biden, it averages 5.5 percent.

You can have your own opinions, you can't have your own facts.

Those are scientific facts.

Under Barack Obama, they began altering the unemployment numbers.

They took a lot of people who were historically what we would call unemployed, and they took them off the role.

And the importance of that is we have a trend line of unemployment

going back 100 hundred years.

And we all understood what that meant.

It meant the percentage of able-bodied adults seeking work but unable to find it.

It's a sign of whether industry is doing well or not and needs people to perform tasks.

Companies on the verge of bankruptcy typically are laying off people.

And if other companies are not surging when one company is going down, that creates a net marginal number of people who are unemployed.

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