Inflation Ticks Down Less than Expected as Fears of Hot Economy Grow

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Inflation fell slightly in September amid fears of a hotter-than-expected economy following strong job gains in the month prior, according to the latest Bureau of Labor Statistics (BLS) release Thursday.

The consumer price index (CPI), a broad measure of the price of everyday goods, increased 2.4% on an annual basis in September and rose 0.2% month-over-month, compared to 2.5% in August, less than the 2.3% rate that was expected, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, rose 3.3% year-over-year in September, compared to 3.2% in August.

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Illegal Immigration at Southern Border Hits New September Record

Border Patrol saw a new surge in illegal immigration at the U.S.-Mexico border in September that marked a new record for the agency, according to internal agency data exclusively obtained by the Daily Caller News Foundation.

Border Patrol recorded 218,777 encounters across the southern border in September, the highest on record for the month going back to at least the year 2000, according to the data. September marks the end of fiscal year 2023, meaning Border Patrol apprehensions surpassed 2 million.

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Georgia Unemployment Rates Drop in September

Georgia’s Regional Commissions saw a drop in their unemployment rates in September, officials said.

Georgia’s seasonally adjusted unemployment rate in September stood at 2.8% for the third consecutive month. The rate is down slightly from 3.2% in January and from 3.5% in September 2021. 

Meanwhile, the Atlanta Regional Commission’s preliminary non-seasonally adjusted unemployment was 2.6%. That is down from 3% a month ago and 3.5% a year ago.

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Tennessee Revenues Exceed Expectations for September

On Wednesday, the Tennessee Department of Finance and Administration revealed the state’s revenues exceeded budgeted estimates for the month of September. September’s total tax revenues were $1.9 billion, which is $321.5 million more than September of last year and $378.1 million more than the budgeted estimate. The total growth rate for the month was 20.28 percent.

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