Summary The main purpose of real-time macroeconomic data releases is to track the evolution in the underlying growth rate of economic activity. The precise levels of employment, wages, total hours, and total dollars of payroll expenditure are less meaningful, and most ripe...
The August 2023 labor market data points to a labor market that, while strong and not recessionary, is certainly slowing down more starkly than earlier this year. The...
Summary Inflation and interest rates remain high enough that now is not a time for 'soft landing' victory laps, but the growing and broadening evidence of price deceleration...
The July 2023 labor market data continues to confirm the story we’ve been telling for months: while slowing down, the labor market remains strong, with high levels...
