Labor Market

The Economic Week Ahead: January 2–5

Jan 1, 2024 2 min read paid

We made it through another year of living dangerously: 2024 is here! The first week of the new year is unlikely to bring any surprises on the economic front. Most of the indicators will provide insights into the labor market and consumer spending on autos and houses: (1) November's JOLTS report (Tue) should confirm that there are still more job openings than unemployed workers. We know that from

Ed Yardeni

The Economic Week Ahead: November 20-24

Nov 19, 2023 2 min read paid

Ed Yardeni

Productivity Is Making A Comeback!

Nov 2, 2023 2 min read

Today's bond and stock rallies was boosted by Q3's Productivity and Costs report released at 8:30 am. It confirms our view that strong economic growth isn't inflationary if it is driven by productivity growth. Fed officials have been trying to slow the economy down to subdue inflation. Our analysis suggests that they should allow productivity-led growth to flourish because it is the main

Ed Yardeni

The Economic Week Ahead: October 23-27

Oct 22, 2023 2 min read

This week should be another disappointing one for the hard-landers. That's been true all year and especially during Q3, when the economic surprises were mostly to the upside as shown by the Citigroup Economic Surprise Index (chart). Q3's real GDP (Thu) is tracking at 5.4% (saar) for the quarter according to the Atlanta Fed's GDPNow. The labor market indicators are likely to show

Ed Yardeni

Powell Remains Hawkish

Oct 19, 2023 2 min read

Fed Chair Jerome Powell should be very concerned about the rapid disinversion of the yield curve since early July as the bond yield soared from around 4.00% to nearly 5.00% today. If he is, he didn't show it during his interview today. Instead, he noted that the economy remains strong and monetary policy might have to be tightened some more: "We are attentive to recent

Ed Yardeni

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The Economic Week Ahead: January 2–5

The Economic Week Ahead: November 20-24

Productivity Is Making A Comeback!

The Economic Week Ahead: October 23-27

Powell Remains Hawkish