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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
Monthly GDP Flat Since March
3+ week, 1+ day ago (116+ words) Econbrowser SPGMI’s estimate as of 8/3: Figure 1: NFP employment (bold blue), civilian employment with smoothed population controls (bold orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold light green), manufacturing and trade sales in Ch.2017$ (black), and monthly…...
Import Prices Running Hot
3+ week, 3+ 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…...
Business Cycle Indicators: June Production
3+ week, 5+ day ago (262+ words) Econbrowser Industrial production below consensus (+0.2% m/m vs. +0.3% Bloomberg), manufacturing at consensus, although previous month’s revised up. Output measures continue to outpace employment. Figure 1: NFP employment (bold blue), civilian employment with smoothed population controls (bold orange), industrial production (red), personal…...