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.…
The Archive
Tag: Manufacturing
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 Construction Cycle Is Splitting: Factories Down, Digital Infrastructure Up
America’s construction cycle is no longer moving as one market. The July 2026 data show a broad nominal slowdown in…
Durable-Goods Orders Rose 1.1%—The $1.60 Trillion Backlog Is the Bigger Signal
August 27, 2026 · Macro & Monetary Policy Durable-Goods Orders Rose 1.1%—The $1.60 Trillion Backlog Is the Bigger Signal American…
Manufacturing Is Accelerating—And So Is the Margin Test
August 18, 2026 · Macro & Monetary Policy Manufacturing Is Accelerating—And So Is the Margin Test New York manufacturers reported…
Productivity Rose 1.4%—But Labor’s Share Hit a Record Low
Monday, August 10, 2026 | Macro & Monetary Policy America’s productivity engine accelerated in the second quarter—but the gains did…