The Federal Reserve’s main facility that works as a transmission mechanism is working as expected. In the first cut in almost two years, the Interest Rate on Reserve Balances brought down the […]
July’s unexpected surge in the unemployment rate drove much of the attention to the labor market as a focus in the balance of risk for monetary policy. Most of the preliminary conclusions […]
A stagnant labor market shows expectations of growth are neutral, thereby freezing employment growth. The current state of stagnation in the labor market has been visible in July and August’s stops in […]
This week marks the third release of Unemployment Insurance New Claims since the unemployment rate rang the bells on what looked like a weakening labor market in July, thereby raising expectations for […]
Federal Open Market Committee’s meeting minutes (July 30–31, 2024) show that the Fed’s staff see the Labor Market as rebalancing instead of weakening (read US labor market is neither shrinking nor expanding, […]
The week ending on 2024-08-17 registered a preliminary number of 232,000 new claims. The US Department of Labor’s reported number is not significantly different than its previous ten weeks running average of […]
Recent uptick in the Unemployment Rate may be a spillover of the so-called “Great Resignation”. The main effect of the phenomenon has been a tight Labor Market where employers struggled to find […]
The week ending on 2024-08-10 registered a preliminary number of 227,000 new unemployment insurance claims. The US Department of Labor’s reported number is significantly lower than its previous ten weeks running average […]
Inflation remained persistently sticky during July 2024. Reported Data on Headline Inflation for the month read at 2.84 percent change on over-the-year basis. Change over-the-month totaled 0.15 percent. The current over-the-year change […]
The reported number of unemployed people (7,163,000) plus the weekly mean of Unemployment Insurance Initial Claims (240,000) pushed the US Unemployment Rate to almost 4.4% during the month of July 2024. Interpreting […]
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