Right here’s a snapshot of key indicators adopted by the NBER’s Enterprise Cycle Relationship Committee, together with SPGMI’s month-to-month GDP.
Determine 1: Nonfarm Payroll (NFP) employment...
Nonetheless onerous to see the recession in (preliminary) August 2024 information.
Determine 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from preliminary benchmark...
Employment development is slowing. Even taking the preliminary benchmark at face worth, we’re not in recession as of mid-August (when the survey is taken).
Determine...
Together with month-to-month GDP out right this moment from S&P International Market Insights, and preliminary benchmark NFP:
Determine 1: Nonfarm Payroll (NFP) employment from CES (daring...
July nominal consumption progress at consensus (+0.5%). Month-on-Month annualized actual consumption progress at 4.5%, with June revised up from 2.6% to three.2%. Furthermore, annualized...