Macro Minute

Were declining response rates to the Current Employment Statistics survey responsible for July's outsized data revision?

This week's post explores some features of the latest PCE report for evidence that this payback effect has contributed to today's slow spending rates.

As the least experienced and longest unemployed workers face rising challenges finding jobs, there are signs of "dumbbell-shaped" danger for the labor market.

Despite the dramatic changes in trade policy, core import prices have risen so far this year, though this growth is lower than during the pandemic period.

The capital expenditure ratio — a signal of business confidence — may reveal whether uncertain business expectations are carrying over to firms' investment decisions and plans for the future.

In May, the industries that contributed most to job growth also employ more women than average. This may have ramifications for young job seekers and provide insight into gender divides in employment during recessions.

Exploring inventories — an enigmatic yet significant aspect of GDP data — can shed light onto business investment patterns, structures, and conditions across different industries over time.

Rent growth appears to be slowing, with rent CPI remaining unchanged in April. Do current market rent measures predict a continued decline in growth?

As supply chains respond to shifts in global tariff and trade policies, measurements on the constraints they face could provide clues on how inflation might react.

Understanding how government spending contributes to measurements of Gross Domestic Product (GDP) can be helpful when looking at its impact on the overall economy.