{"id":206132,"date":"2024-02-16T00:57:17","date_gmt":"2024-02-16T00:57:17","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/02\/16\/business-cycle-indicators-mid-february-econbrowser\/"},"modified":"2025-06-25T17:21:50","modified_gmt":"2025-06-25T17:21:50","slug":"business-cycle-indicators-mid-february-econbrowser","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/02\/16\/business-cycle-indicators-mid-february-econbrowser\/","title":{"rendered":"Business Cycle Indicators, Mid-February | Econbrowser"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-51202\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>Industrial production comes in under consensus. Here\u2019s a picture of the key indicators followed by the NBER BCDC.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/recindex_jan24m.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-51203\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/recindex_jan24m.png\" alt=\"\" width=\"820\" height=\"576\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/recindex_jan24m.png 820w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/recindex_jan24m-300x211.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/recindex_jan24m-768x539.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/02\/recindex_jan24m-624x438.png 624w\" sizes=\"(max-width: 820px) 100vw, 820px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong> Nonfarm Payroll employment incorporating benchmark revision (bold dark blue), civilian employment (orange), industrial production (red), personal income excluding current transfers in Ch.2017$ (bold green), manufacturing and trade sales in Ch.2017$ (black), consumption in Ch.2017$ (light blue), and monthly GDP in Ch.2017$ (pink), GDP, 3rd release (blue bars), GDPNow for 2024Q1 as of 2\/15 (lilac box), all log normalized to 2021M11=0. Source: BLS via FRED, <a href=\"https:\/\/www.bls.gov\/web\/empsit\/cesprelbmk.htm\">BLS preliminary benchmark<\/a>, Federal Reserve, 2023Q4 advance release,, <a href=\"https:\/\/www.spglobal.com\/marketintelligence\/en\/mi\/research-analysis\/us-monthly-gdp-index-for-october-2022.html\">S&amp;P Global Market Insights<\/a>\u00a0(nee Macroeconomic Advisers, IHS Markit) (2\/1\/<\/em><em>2024 release), and author\u2019s calculations.<\/em><\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2024\/02\/business-cycle-indicators-mid-february-2\" title=\"4:29 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-02-15T16:29:24-08:00\">February 15, 2024<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/02\/business-cycle-indicators-mid-february-2\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Industrial production comes in under consensus. Here\u2019s a picture of the key indicators followed by the NBER BCDC. Figure 1: Nonfarm Payroll employment incorporating<\/p>\n","protected":false},"author":1,"featured_media":206133,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/206132"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=206132"}],"version-history":[{"count":2,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/206132\/revisions"}],"predecessor-version":[{"id":343838,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/206132\/revisions\/343838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/206133"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=206132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=206132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=206132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}