Charts Indicating Economic Weakness – May 2024

Throughout this site there are many discussions of economic indicators.  This post is the latest in a series of posts indicating facets of U.S. economic weakness or a notably low growth rate. The level and trend of economic growth is especially notable at this time. As seen in various sources, recession estimates have been at elevated levels. As seen …

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Average Hourly Earnings

I have written many blog posts concerning the worrisome trends in income and earnings. Along these lines, one of the measures showing disconcerting trends is that of hourly earnings. While the concept of hourly earnings can be defined and measured in a variety of ways, below are a few charts that I believe broadly illustrate problematic …

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Employment Cost Index (ECI) – March 2024

While the concept of Americans’ incomes can be defined in a number of ways, many prominent measures continue to show disconcerting trends. One prominent measure is the Employment Cost Index (ECI). Here is a description from the BLS document titled “The Employment Cost Index:  what is it?“: The Employment Cost Index (ECI) is a quarterly …

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Consumer Confidence Surveys – As Of April 26, 2024

Advisor Perspectives had a post of April 26, 2024 (“Michigan Consumer Sentiment Continues to Plateau in April“) that displays the latest Conference Board Consumer Confidence and University of Michigan Consumer Sentiment Index charts.  They are presented below: (click on charts to enlarge images) – – While I don’t believe that confidence surveys should be overemphasized, I …

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Real GDP Chart Since 1947 With Trendline – 1st Quarter 2024

For reference purposes, below is a chart from the Advisor Perspectives’ post of April 25, 2024 titled “Q1 GDP Advance Estimate: Real GDP at 1.6%, Below Forecast” reflecting Real GDP, with a trendline, as depicted.  This chart incorporates the Gross Domestic Product, First Quarter 2024 (Advance Estimate) of April 25, 2024: _________ I post various indicators and …

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Money Supply Charts Through March 2024

For reference purposes, below are two sets of charts depicting growth in the money supply. The first shows the M1, defined in FRED as the following: Before May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those …

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Charts Indicating Economic Weakness – April 2024

Throughout this site there are many discussions of economic indicators.  This post is the latest in a series of posts indicating facets of U.S. economic weakness or a notably low growth rate. The level and trend of economic growth is especially notable at this time. As seen in various sources, recession estimates have been at elevated levels. As seen …

Read more