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CEA Chair Miran asserts that some of the surprise in the employment numbers is due issues of seasonality. Can we see that? I can’t… As of 1:35PM CT today, the President has fired the Commissioner of Labor Statistics, within 6 hours of the latest employment release. So what all of feared about the safety of the independ
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News
Policy Uncertainty: Economic and Trade
5+ day, 14+ hour ago (43+ words) Econbrowser Figure 1: EPU (blue, left scale), 7 day centered moving average (red, left scale), EPU-trade policy (green, right scale), 7 day centered moving average (black, right scale), Source: policyuncertainty.com. One thought on “Policy Uncertainty: Economic and Trade”...
Business Cycle Indicators: Real Consumption Is Flat
2+ week, 4+ day ago (150+ words) Nominal consumption beats expectations ( +0.2% m/m vs +0.1% Bbg consensus), but real personal income ex-transfers remains below recent peak. The fact that consumption is flat in July is notable given rising personal income ex transfers. The SP500 was also (perhaps not coincidentally)…...
Wisconsin Goods Exports by Destination, 2025
2+ week, 6+ day ago (58+ words) Econbrowser As we lumber into an expanded trade war with Canada: Source: Census via ITA, and author’s calculations. To date (1pm CT), gubernatorial candidate Tom Tiffany has not made a comment on the original Section 338 tariffs to be levied against Canada,…...
Import Prices Running Hot
3+ week, 4+ day ago (195+ words) Not just for computers, peripherals and semiconductors – and running hot despite dollar appreciation. From MarketPlace, with Justin Ho, today: without the cost of energy, import prices rose. In fact, they were up 4.5% from the same time a year ago. It’s…...