Payrolls Rose 162,000—But the 12-Month Average Was Only 31,000
Category: Labor Market August delivered a clear payroll rebound, but it did not erase the labor market’s slower underlying trend.…
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Tag: Federal Reserve
Manufacturing Is Expanding—But the Price Index Is Still at 71.1
U.S. manufacturing is expanding, but the August data do not describe an easy-growth environment. The Institute for Supply Management’s Manufacturing…
The Fed’s Beige Book Shows a Margin Squeeze, Not a Demand Collapse
The Federal Reserve’s newest Beige Book does not describe an economy falling off a cliff. It describes something harder for…
Private Payrolls May Be Revised Down 178,000—The Headline Revision Is Smaller
The newest payroll benchmark signal is softer than the monthly jobs narrative—but it is not a labor-market earthquake. On August…
Income Rose 0.4%, Spending Rose 0.2%—The Savings Buffer Stayed Thin
August 31, 2026 · Macro & Monetary Policy Income Rose 0.4%, Spending Rose 0.2%—The Savings Buffer Stayed Thin July’s household…
Jobless Claims Rose to 209,000—But the Layoff Signal Is Still Quiet
August 23, 2026 · Labor Market Jobless Claims Rose to 209,000—But the Layoff Signal Is Still Quiet Initial unemployment claims…