Search results for Labor & Growth

Industrial and Manufacturing Production Up: The Divergence between Employment and Output Continues

Both strongly beat consensus. From the Fed’s G.17 Release today: Figure 1: NFP employment (bold blue), civilian employment with smoothed population controls (bold orange), industri...

Philippines’ labor productivity eases in Q1

Labor productivity in the Philippines picked up by 2.2% year on year to P115,281 in the п¬Ѓrst three months of 2026. This was slower than the 4.2% growth recorded a year ago, and t...

The Single Factoral Terms of Gasoline*

As of March end: Figure 1: Number of minutes worked by production and nonsupervisory workers per gallon of regular gasoline (blue). Source: BLS and EIA via FRED. *  Terminology ass...

Fed's Daly: Businesses cautiously optimistic

Absence of immigration really matters, as does investment in technologiesRight now making up low labor force growth by higher productivity growthZero job growth might be new steady...

Breitbart Business Digest: When a Productivity Boom Meets a Tight Labor Market

The U.S. economy has come to an unusual crossroads. Productivity is accelerating, the labor market remains historically tight, and workforce growth has stalled. The post Breitbart...

GDP, Personal Income and other Business Cycle Indicators as of May Day

GDP grows 2% SAAR in the Q1 advance release (see Jim’s discussion here). Real personal income ex-transfers is flat. Figure 1: NFP employment (bold blue), civilian employment with s...

Manufacturing Employment and Hours

ADP down while BLS up. Aggregate hours down. Figure 1: Manufacturing employment from BLS CES (blue, left log scale), from ADP (red, left log scale), in 000’s, s.a., total hours in...

Productivity Growth: Keeping The Economy Going?

Business Cycle Indicators – Employment and Coincident Index

NFP up, but household survey series down. Figure 1: NFP employment (bold blue), civilian employment with smoothed population controls (bold orange), industrial production (red), pe...

Business Cycle Indicators – Final GDP, GDO, Personal Income

From the releases today: Figure 1: Nonfarm payroll (NFP) employment preliminary benchmark revision (thin blue), NFP employment (bold blue), civilian employment with smoothed popula...

Hard labour – a look under the hood of the New Zealand job market (in charts)

America’s Economic Engine Is Still Running — But It’s Losing Some Steam

The U.S. economy grew in 2025, but the gains came increasingly from deploying more resources rather than using them more cleverly. The latest BLS productivity report reveals a two-...

Industrial and Manufacturing Production and Other Business Cycle Indicators

G.17 release today shows downward movement in industrial, manufacturing production (-0.5%, -0.1% vs. Bloomberg consensus +0.1% m/m). Industrial capacity utilization also below cons...

The 2026 Labor Pivot: Engineering an Investment-First Approach to the Modern Workforce

Squeezed between a shrinking talent pool and an increasingly unforgiving balance sheet, labor in the hospitality industry has arrived at a definitive structural breaking point. On...

Wisconsin Post-“Liberation Day”

Employment and goods exports have declined. GDP flatlines in Q4. Figure 1: Wisconsin private nonfarm payroll employment, in 000’s (blue, left log scale), real goods exports in mn20...

Business Cycle Indicators – Data before the War

Monthly GDP, retail sales, ADP employment, freight services index… NBER BCDC key measures: Figure 1: Nonfarm payroll (NFP) employment preliminary benchmark revision (thin blue), NF...

Four Measures of Aggregate Economic Activity

Output is still rising smartly according to one index (2.1% m/m annualized): Figure 1: GDP (blue bars), SPGMI monthly GDP (red), Brave-Butters-Kelley index (blue), Coincident Index...

Aging Workforce to Grow 97%: BLS Projects the 75+ Labor Force Will Outpace All Other Age Groups

America’s workforce is getting older faster than many people realize. Over the next decade, Americans age 75 and older who are still working are expected...

Alternative Business Cycle Indicators: Coincident Index

Philadelphia Fed national index, plus consensus on May ADP employment: Figure 1: Civilian employment adjusted to NFP concept smoothed population controls (bold orange), manufacturi...

Malaysia’s labour demand hits 9.23m jobs in Q1 2026, services sector drives growth

PUTRAJAYA, May 14 — Malaysia’s labour demand grew by 1.8 per cent year-on-year (y-o-y), reaching 9.23 millio...

Ranked: Wages by Country and Growth Since 2010

From +77% growth to -21% decline, see which economies are pulling ahead and where incomes are stagnating.

Business Cycle Indicators as of Mid-May

Monthly GDP through March is up, while April CPI-deflated retail sales are down. The industrial and manufacturing production release is tomorrow. Figure 1: NFP employment (bold blu...

GROWTH CONTINUES

Golden Era: March Payroll Growth 18x Larger Than Economy Needs

The break-even rate of employment growth — the number of new workers needed on payrolls each month to hold the unemployment rate steady — has collapsed to near zero, according to c...