{"id":227161,"date":"2024-06-01T23:54:27","date_gmt":"2024-06-01T23:54:27","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/01\/business-cycle-indicators-as-of-end-may\/"},"modified":"2025-06-25T17:18:08","modified_gmt":"2025-06-25T17:18:08","slug":"business-cycle-indicators-as-of-end-may","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/01\/business-cycle-indicators-as-of-end-may\/","title":{"rendered":"Business Cycle Indicators as of End-May"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-52456\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>Consumption, personal income ex-transfers, and (for April) manufacturing and trade industry sales.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/recindex_apr24d.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-52457\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/recindex_apr24d.png\" alt=\"\" width=\"835\" height=\"532\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/recindex_apr24d.png 835w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/recindex_apr24d-300x191.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/recindex_apr24d-768x489.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/06\/recindex_apr24d-624x398.png 624w\" sizes=\"(max-width: 835px) 100vw, 835px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong>\u00a0Nonfarm Payroll (NFP) employment from CES (bold 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), all log normalized to 2021M11=0. Source: BLS via FRED, Federal Reserve, BEA 2024Q1 advance release,\u00a0<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) (5\/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\/06\/business-cycle-indicators-as-of-end-may\" title=\"4:01 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-06-01T16:01:02-07:00\">June 1, 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\/06\/business-cycle-indicators-as-of-end-may\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Consumption, personal income ex-transfers, and (for April) manufacturing and trade industry sales. Figure 1:\u00a0Nonfarm Payroll (NFP) employment from CES (bold blue), civilian employment (orange),<\/p>\n","protected":false},"author":1,"featured_media":227162,"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\/227161"}],"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=227161"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/227161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/227162"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=227161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=227161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=227161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}