The Declining Driving Miles Intensity of GDP
[ad_1] Trend shifted down, but sensitivity up. Figure 1: Log of ratio of vehicle miles traveled to monthly GDP (000’s miles divided by bn.Ch.2017$ SAAR)
Business Cycle Indicators for October, Including Monthly GDP
[ad_1] Here are key indicators followed by the NBER’s Business Cycle Dating Committee (top indicators employment and person income) plus monthly GDP from S&P (nee
Ruble Devaluation Giveth and Devaluation Taketh Away
[ad_1] Consider the ruble/yuan exchange rate. Figure 1: Rubles per yuan, calculated using dollar rates (blue, log scale). Up is a depreciation of the ruble.
Wages Nominal and Real across the Distribution
[ad_1] Reader Michael writes: …high income wage growth has grown much faster than medium and low income wage growth patterns. Here’s a stab at taking
Policy Uncertainty since the Election
[ad_1] As measured by Baker, Bloom and Davis: Figure 1: EPU (news) for the US (blue), average value 1/20/2021-11/4/2024 (light blue line), average value 11/6/2024-
How Much Has the Price Level Risen for Consumers? Seven Measures
[ad_1] The conventionally used CPI-U is in the middle of the pack. Figure 1: CPI-urban (bold black), CPI-wage earners and clerical (purple), CPI for 2nd
Did Wisconsin Manufacturing Thrive during Trump Trade War 1.0?
[ad_1] A retrospective: Figure 1: Wisconsin manufacturing employment, 000’s, s.a. (blue, left scale), Wisconsin manufactured exports in mn.2000$ (tan, right scale). Wisconsin nominal exports seasonally
Central Bank of Russia Telegram Account: “Everything will be fine.”
[ad_1] I’m taking the WSJ’s word for it, from the article “Russia’s War Economy Shows New Cracks After the Ruble Plunges”. The Russian economy, surprisingly
Three Measures of Output | Econbrowser
[ad_1] GDP, GDO, GDP+: Figure 1: GDP (blue), GDO (tan), GDP+ (green), all in bn.Ch.2017$ SAAR. GDP+ scaled to equal GDP at 2019Q4. Source: BEA,
Average Real Wages (Still) Rising Faster than Inflation
[ad_1] A comparison between CPI, chained CPI, PCE price index, and HICP deflation: Figure 1: Average hourly earnings, CPI deflated (blue), chained CPI deflated (green),