Recap
The data from the March labor market show continued labor market strength. As was true last month, almost all employment-based indicators show improvement from the previous month, even as the general trend of wage growth is downwards. The headline unemployment number fell from 3.6% to 3.5% (as we
Core-Cast is our nowcasting model to track the Fed's preferred inflation gauges before and through their release date. The heatmaps below give a comprehensive view of how inflation components and themes are performing relative to what transpires when inflation is running at 2%. If you are interested in
Core-Cast is our nowcasting model to track the Fed's preferred inflation gauges before and through their release date. The heatmaps below give a comprehensive view of how inflation components and themes are performing relative to what transpires when inflation is running at 2%. If you are interested in
The data from the February labor market show continued labor market strength. Almost all employment-based indicators show improvement from the previous month, even as the general trend of wage growth is downwards. The headline unemployment number rose from 3.4% to 3.6%, but this was due to a strong
Core-Cast is our nowcasting model to track the Fed's preferred inflation gauges before and through their release date. The heatmaps below give a comprehensive view of how inflation components and themes are performing relative to what transpires when inflation is running at 2%. If you are interested in
We're doing the dirty work of translating CPI to PCE in real-time for you. We'll be back on Thursday to provide an update after the PPI release, which will inevitably reshape the nowcast. The associated heatmaps are somewhat dense and intense: they give a holistic view
Overall the labor market data from November show a mixed picture, with the establishment survey showing resilience even as the household survey signaling a slowdown.
