Canada and Recession | Econbrowser
[ad_1] Notice that I don’t say in or out of recession. Nonetheless, with slow growth (and per capita growth negative), there’s plenty of discussion (e.g.,
How Competitive Is China? | Econbrowser
[ad_1] This probably seems like a silly question, but it’s actually a hard one to answer quantitatively. The standard measure is the CPI deflated trade
Business Cycle Indicators as of Mid-December
[ad_1] Industrial production -0.9% vs. +0.1% consensus (m/m).Here are some key indicators followed by the NBER’s BCDC, plus monthly GDP. Figure 1: Nonfarm Payroll (NFP)
If You Thought Construction Costs Were High, Wait for Mass Deportation
[ad_1] Average hourly wages in construction, production and nonsupervisory workers, in 2023$ (CPI deflated): Figure 1: Average hourly earnings in construction, production and nonsupervisory workers,
If You Thought Grocery Prices Were High, Wait for Mass Deportation
[ad_1] Wages for farm workers and food processing will likely rise, if the past is any guide. Figure 1: Farm worker wage, 2023$ (blue, left
Trump: “Tariffs are going to make our country rich”
[ad_1] From Reuters: In an interview with NBC’s Meet the Press that aired on Sunday, Trump said he did not believe that consumers ultimately pay
Eggs | Econbrowser
[ad_1] Bloomberg points out eggs were big in the PPI, accounting for 80% of the y/y rise (egg prices spiking due to avian flu). I
Guest Contribution: “The Diminishing Impact of Exchange Rates on China’s Exports”
[ad_1] Today, we’re fortunate to have Willem Thorbecke, Senior Fellow at Japan’s Research Institute of Economy, Trade and Industry (RIETI) as a guest contributor. The views
US Tariff Pass-Through on Chinese Imports Is High
[ad_1] So be prepared. From Feng, Han, and Li (2023): As noted in the article, machinery, electronics and optical equipment accounted for a lot of
Instantaneous Core and Supercore Inflation for November
[ad_1] Including PPI and nowcasted PCE: Figure 1: Instantaneous inflation for core CPI (blue), chained core CPI (tan), supercore CPI (pink), services supercore (light green), PPI