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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Personal Finance / Macroeconomic Trends & Risks
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Author: WendyBG ✶x2☼  😊 😞
Number: of 4582 
Subject: Diesel > $6/ gallon, employment strong
Date: 04/03/26 2:11 PM
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There is was in green. Diesel > $6 per gallon when I went shopping this morning.

My remote area often has higher fuel prices but diesel is spiking all over.

US Diesel Sales Price

This will impact the price of every good that is shipped, including food.

Gas is spiking, too.

US Regular All Formulations Gas Price

Inflation is bound to follow.
Bureau of Labor Statistics
Employment Situation News Release - 2026 M03 Results
Employment Situation News Release

8:30 a.m. (ET) Friday, April 3, 2026

THE EMPLOYMENT SITUATION – March 2026

Total nonfarm payroll employment increased by 178,000 in March, and the unemployment rate
changed little at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains
occurred in health care, in construction, and in transportation and warehousing. Federal
government employment continued to decline…

The change in total nonfarm payroll employment for January was revised up by 34,000, from
+126,000 to +160,000, and the change for February was revised down by 41,000, from -92,000 to
-133,000. With these revisions, employment in January and February combined is 7,000 lower
than previously reported. (Monthly revisions result from additional reports received from
businesses and government agencies since the last published estimates and from the
recalculation of seasonal factors.) [end quote]

Today’s strong employment report coupled with rising inflation will prevent the Federal Reserve from cutting the fed funds rate. The markets are closed for Good Friday. If news events continue over the weekend there may be a setback when they open on Monday.

Wendy
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