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 […]
Despite recent labor market cooldown news, data show price increases may have a greater risk than unemployment rate increases. Analysts looking to understand the balance of risk within the Federal Reserve dual […]
July 2024 marks two years of constant decline in frictional unemployment levels. Labor Quits Data continue to show employees are staying put, while Separations Data show employers do not easily let go […]
The latest qualitative data, the Beige Book, shows flat to modest growth in economic activity across most of the US economy. The Cleveland and Minneapolis Federal Reserve Bank Districts informed of softening […]
The number of salaried workers, which excludes self-employed, decreased to levels seen in the third quarter of 2022. The annual percent change registered a negative number (-1% on an annual basis) only […]
Federal Reserve Officials’ concerns about the overheated labor market may be over. The focus now is on prices. Recent data on inflation suggests that the monetary policy effect on shelter prices is […]
Core Inflation remains over the Federal Reserve Target 2% mostly driven by Cost of Shelter. However, Cost of Shelter shows a lagged effect from monetary tightening. It is a matter of time and […]
The US economy is keeping track on a healthy and sound equilibrium as hiring, workers, and unemployment show encouraging data. On June 2024 the 4.1% US Unemployment Rate shows little change as […]
