Data Bytes
CEPR produces same-day analyses of government data on employment, inflation, GDP and other topics.
CEPR produces same-day analyses of government data on employment, inflation, GDP and other topics.
Rising energy prices will likely push inflation higher in May, and food and vehicle prices are likely to continue to increase as well.
Despite some anomalies, the overall jobs picture looks positive, but that could change if the war continues and oil prices stay high.
The overall labor market story is somewhat positive; however, if wage growth continues to lag inflation, consumer demand will not be able to sustain growth going forward.
A vague recommendation in the new FEMA Review Council report could threaten a key flood insurance program.
Rising gas prices, accelerating rents, and higher medical and transportation costs are expected to keep inflation elevated in April.
April job growth remained solid, but slowing wages and weak worker confidence raise concerns about the economy’s direction.
The unemployment rate should remain stable, but is not clear that workers are able to secure wage gains — a concerning development in a time of rising inflation.
The first quarter GDP report shows modest growth and rising inflation. With so much spending concentrated in health care and data centers, the outlook is not good.
Florida’s proposed SB 1296 would weaken public-sector unions by imposing stricter recertification rules, making it harder for workers to maintain representation.
The overall GDP growth rate for the quarter is likely to be around 2.0 percent, but most areas of consumer spending are showing little or no growth.