Population Boom Makes Florida the New US Inflation Hotspot
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Population Boom Makes Florida the New US Inflation Hotspot
Population Boom , Makes Florida the New , US Inflation Hotspot.
CNN reports that Florida is now
the United States' inflation hotspot,
due to the persistently high cost of housing.
With just over 2.5 million residents,
the Miami-Fort Lauderdale-West Palm Beach area has the highest inflation rate of all U.S. metro areas.
For the 12 months leading up to April,
the area had an inflation rate of 9%.
CNN reports that the state's growing
population has driven inflation higher,
particularly in regards to housing costs.
Both the rental and purchasing markets
are seeing upward pressures
on prices from all these factors, Amanda Phalin, Economist at the University of Florida, via CNN.
According to the Census Bureau's latest data,
Florida's population grew more than any
other state between July 2021 and July 2022.
.
During the same period of time, the state
also saw the fastest population growth
by percentage, for the first time since 1957.
A lot of people are still coming to Florida
because the economy is really strong,
and many like the fact that we donβt have
an income tax like in New York, for example, Amanda Phalin, Economist at the University of Florida, via CNN.
And in places like Miami, weβre
seeing a lot of real estate demand
from non-Floridians or non-American
investors β generally wealthy folks
who want to have a nice home here, Amanda Phalin, Economist at the University of Florida, via CNN.
Meanwhile, Minneapolis saw its inflation rate drop to 1.8%
in May, compared to a year earlier, coming in the lowest
of 23 metro areas tracked by the Labor Department
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This Is Why Some Foods , Are So Polarizing.
Foods such as cilantro, mushrooms, blue cheese and mayonnaise certainly have their haters.
Foods such as cilantro, mushrooms, blue cheese and mayonnaise certainly have their haters.
Foods such as cilantro, mushrooms, blue cheese and mayonnaise certainly have their haters.
Foods such as cilantro, mushrooms, blue cheese and mayonnaise certainly have their haters.
Biopsychologists say that the reasons why some foods elicit such a visceral reaction are complex.
Our language is really limited when we say food tastes a certain way. , Julie Mennella, Monell Chemical Senses Center,
via CNN.
Oftentimes, a person's genetics plays a huge role
in how they perceive certain foods.
For instance, people with a particular gene can be more sensitive to the smell of cilantro.
It usually has to
do with the odor, Julie Mennella, Monell Chemical Senses Center,
via CNN.
It's actually your sense of smell that allows you to distinguish between something like strawberry and cherry Jell-O, Julie Mennella, Monell Chemical Senses Center,
via CNN.
In addition, experts say that some
reactions to foods are hardwired.
We like sweet and hate bitter, Linda Bartoshuk, University of Florida, via CNN.
Not liking [foods that are bitter] is a built-in defense mechanism, Linda Bartoshuk, University of Florida, via CNN.
Despite this, food preparation and simply getting used to the qualities of particular foods can lead to changes in taste.
You may taste cruciferous vegetables as more bitter, but that doesn't mean you can't grow to like them, Linda Bartoshuk, University of Florida, via CNN.
Your biology is not your destiny, Linda Bartoshuk, University of Florida, via CNN.
Not to say genetics aren't important. But when you're an omnivore and open to these foods, you learn to like what
you eat, Linda Bartoshuk, University of Florida, via CNN
Credit: Wibbitz Top Stories Duration: 01:30Published
March Retail Sales , Exceeded Expectations.
New Commerce Department data surprised
some analysts on April 15, 'The Hill' reports. .
The agency's latest estimates indicate
that March retail sales increased by 0.7%.
They were only expected
to rise 0.3% last month.
While sales exceeded estimates for March, the jump
was still below the 0.9% increase in February.
Compared to the same time last year, total sales
for the first three months of 2024 were up 2.1%.
On April 10, the Labor Department released data showing that inflation rose last month. .
The consumer price index (CPI)
increased 0.4% in March and 3.5% annually.
In February, consumer prices
increased 3.2% year-over-year. .
Still, the newest Commerce Department data suggests that Americans continue to spend despite prolonged inflation, 'The Hill' reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Data Shows , US Wages Falling , at a 'Striking' Pace.
Fox News reports that wage growth
in the United States has slowed
significantly over the past year. .
According to new data from Indeed,
wage growth is beginning
to near pre-pandemic levels. .
Indeed's wage tracker showed that salaries have had
a marked drop since January 2022, suggesting that
employers are seeing less competition for new hires.
The pace of deceleration
is striking. Posted wage growth
has fallen by almost 3 percentage
points over the past year, Nick Bunker, Indeed labor economist, via Fox News.
Fox News reports that the most pronounced
deceleration was found in low-wage sectors. .
Given the huge run-up in posted
wages for those sectors, wage growth
is still above its pre-pandemic pace.
How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News.
After remaining historically tight throughout the last
year, the labor market is expected to continue slowing
in the coming months amid elevated interest rates.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
Despite this, job growth has
remained resilient, with employers
adding 275,000 jobs in February. .
At the same time, Labor Department
data shows that the unemployment
rate for the month also rose to 3.9%.
Credit: Wibbitz Top Stories Duration: 01:31Published
Justin and Hailey Bieber , Make Big Pregnancy Announcement.
'E Online' reports that Hailey
and Justin Bieber are expecting
their first baby together. .
The happy couple shared the
news on Instagram on May 9.
The Grammy winner and the Rhode Skin
founder revealed the news with a video
of their Hawaiian vow renewal. .
The news comes almost six years
after the couple wed at a New York City courthouse in September of 2018.
One year later, the couple celebrated their marriage
with a lavish wedding ceremony in South Carolina.
One year later, the couple celebrated their marriage
with a lavish wedding ceremony in South Carolina.
The 'Love Yourself' singer first hinted at the couple's
plans to start a family in October of 2019, posting
a video of a father with his child, writing "this is
something I look forward to" on Instagram. .
The 'Love Yourself' singer first hinted at the couple's
plans to start a family in October of 2019, posting
a video of a father with his child, writing "this is
something I look forward to" on Instagram. .
In February of 2020, Justin explained in an interview
with Zane Lowe that he and Hailey wanted to "enjoy
being married for a little bit" before having kids.
In February of 2020, Justin explained in an interview
with Zane Lowe that he and Hailey wanted to "enjoy
being married for a little bit" before having kids.
In an appearance on Ellen DeGeneres' talk show,
Justin noted that the couple doesn't have
a set number of kids in mind, saying , "I'd love to have myself a little tribe, but yeah,
it's her body and whatever she wants to do.".
In an appearance on Ellen DeGeneres' talk show,
Justin noted that the couple doesn't have
a set number of kids in mind, saying , "I'd love to have myself a little tribe, but yeah,
it's her body and whatever she wants to do.".
In the Amazon Prime documentary, 'Justin
Bieber: Our World,' the couple gave fans
a glimpse of their family planning discussion. .
In the Amazon Prime documentary, 'Justin
Bieber: Our World,' the couple gave fans
a glimpse of their family planning discussion. .
My intention for 2021 is to continue
to set goals and have fun while
doing them. Make sure I put
my family first. And, hopefully,
we squish out a little nugget, Justin Bieber, 'Justin Bieber:
Our World', via Amazon Prime.
My intention for 2021 is to continue
to set goals and have fun while
doing them. Make sure I put
my family first. And, hopefully,
we squish out a little nugget, Justin Bieber, 'Justin Bieber:
Our World', via Amazon Prime
Credit: Wibbitz Top Stories Duration: 01:34Published
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