The slight drop in the rise of consumer prices may only be a momentary bit of relief as federal policy could make matters worse, a Georgia nonprofit said.
On Wednesday, the U.S. Bureau of Labor Statistics said the Consumer Price Index for All Urban Consumers Increased 8.5% over the past 12 months. That is down from a 9.1% year-over-year increase in June.
While many pundits lauded Friday’s job numbers from the U.S. Bureau of Labor Statistics, a Georgia nonprofit is raising a red flag.
On Friday, the feds announced higher than expected job numbers, showing that total non-farm payroll employment increased by 528,000 in July.
Georgia’s response to the COVID-19 pandemic saved it from severe economic downfall, according to a recent report from the Georgia Center for Opportunity (GCO).
The GCO measured the impact of local and state governments’ actions in response to the pandemic on each state’s economy in a 510-page report, Assessing Each State’s Response To The Pandemic: Understanding The Impact On Employment & Work.
Each state had to temporarily close businesses and implement COVID-19 restrictions, which resulted in hundreds of thousands of people being unable to work. The GCO noted Georgia had been less severe in shutting down its economy when compared with other states.
A Georgia nonprofit is among a coalition of more than 70 organizations calling on the U.S. House Appropriations Committee to restore proposed cuts to charter school funding.
The committee voted to cut $40 million from the federal Charter Schools Program. The budget they approved for fiscal year 2022 also includes language that would prevent federal funds from being awarded to charter schools ran by for-profit entities.