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Inflation Held Steady at 2.7% to End 2025

William Attardi on January 18, 2026

Consumer prices rose 2.7% in December, virtually unchanged from November and roughly in line with analysts’ expectations, per the latest reading from the Bureau of Labor Statistics. Inflation was helped by falling used car and truck prices, but rising grocery costs prevented the rate from making more progress toward the Fed’s 2% target. Food prices spiked 0.7% in December—the fastest monthly gain since 2022, the New York Times noted. Compared to the same period in 2024, food prices were up by 3.1%. Fed Chair Jerome Powell has previously said he expects the peak impact of tariffs to show up in Q1 of this year. Morning Brew

US Third-Quarter Productivity Rises at Fastest Pace in Two Years

William Attardi on January 11, 2026

U.S. worker productivity grew at its fastest pace in two years in the ​third quarter as businesses invested heavily in artificial ‌intelligence, depressing labor costs. Nonfarm productivity, which measures hourly output per worker, accelerated ‌at a 4.9% annualized rate, the Labor Department’s Bureau of Labor Statistics. That was the quickest pace since the third quarter of 2023 and followed an upwardly revised ⁠4.1% growth rate in ‌the second quarter. US third-quarter productivity rises at fastest pace in two years

ABC: Construction Adds 15K Jobs in June

William Attardi on July 8, 2025

The construction industry added 15,000 jobs on net in June, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 121,000 jobs, or 1.5%. The construction unemployment rate fell to 3.4% last month. Unemployment across all industries declined from 4.2% in May to 4.1% in June.  June’s employment report, coupled with recent inflation data, indicate that the U.S. economy continues to demonstrate solid momentum, stable unemployment and declining inflation. Construction added jobs for a second consecutive month.  ABC: Construction Adds 15K Jobs in June – tEDmag

The Genesis of the U.S. Space Force – On December 20, 2019, President Donald Trump signed the National Defense Authorization Act (NDAA) for Fiscal Year 2020, officially creating the United States Space Force, a new and independent branch of the U.S. military. The establishment of the Space Force marked a historic shift in how the U.S. views and manages its military operations in space, reflecting the growing importance of space as both a domain of strategic competition and national security. The Space Force is tasked with ensuring the U.S. maintains its superiority in space, focusing on both the defense of space assets and the development of offensive capabilities. Its mission includes:

  1. Space Operations: Overseeing space-based systems, such as satellites, that provide essential services to the U.S. military, including communication, reconnaissance, and missile defense.
  2. Space Security: Protecting U.S. space infrastructure from threats, including anti-satellite weapons, cyberattacks, and other potential forms of disruption by adversarial nations.
  3. Space Research and Development: Developing and deploying cutting-edge space technologies, including space-based defense systems, that ensure the U.S. maintains an edge in space exploration and military operations.
  4. Supporting National Defense: Integrating space capabilities into broader national defense strategies, ensuring that U.S. forces can operate effectively in space as part of a multi-domain approach to warfare.

The Space Force is designed to streamline and strengthen the U.S. military’s space operations, which were previously under the purview of the U.S. Air Force. By separating space operations into a distinct branch, the government hoped to increase focus on space as a critical area of national defense and enhance the U.S. military’s ability to respond to emerging threats. Source: Day in History