Based on the inflation rate calculator recommended by Bureau of Labor Statistics (BLS), one dollar in 1974 had approximately five times the spending power of a dollar in 2014.Continue Reading
Inflation is the steady increase in the price of consumer goods over time. As prices rise, the spending power of a unit of currency decreases. The overall rate of inflation is based on an average of all consumer good prices available at a given time and does not measure specific spending trends.
The BLS assigns a Consumer Price Index to each year. To calculate the value of a dollar in a past year, divide the CPI for that year by the current CPI. The answer is the value of one dollar in the chosen earlier year.Learn more about US History
According to the Bureau of Labor Statistics (BLS), the median annual salary for emergency medical technicians (EMTs) and paramedics in the United States was $31,020 in 2012. This equates to roughly $14.91 per hour.Full Answer >
The national unemployment rate in 2014 ranged from 5.6 percent in December to 6.7 percent in January, according to the Bureau of Labor Statistics. In February 2014, Rhode Island had the highest seasonally adjusted unemployment rate at 8.4 percent, while North Dakota had the lowest rate at 2.7 percent.Full Answer >
The Bureau of Labor Statistics is in charge of listing the salary and projections for the various job markets, but it also tracks the unemployment rate, the Consumer Price Index, and the Producer Price Index. Users of the site can get job-specific information on a single job, or they can investigate a range of search terms on multiple jobs.Full Answer >
The median annual salary for a police officer in 2012 was approximately $56,980, and the median hourly rate of pay was $27.40 for that year, according to the Bureau of Labor Statistics. The annual wage for an officer can vary based on numerous factors.Full Answer >