Average Hourly Earnings Trends

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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Consumer Confidence Surveys – As Of January 31, 2023

Advisor Perspectives had a post of January 31, 2023 (“Consumer Confidence Declines in January“) 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 find these readings …

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Employment Cost Index (ECI) – December 2022

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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Real GDP Chart Since 1947 With Trendline – 4th Quarter 2022

For reference purposes, below is a chart from the Advisor Perspectives’ post of January 26, 2023 titled “Q4 GDP Advance Estimate: Real GDP at 2.9%, Better Than Forecast” reflecting Real GDP, with a trendline, as depicted.  This chart incorporates the Gross Domestic Product, Fourth Quarter 2022 (Advance Estimate) of January 26, 2023: _________ I post various indicators …

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Durable Goods New Orders – Long-Term Charts Through December 2022

Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator. For reference, below are two charts depicting this measure. First, from the St. Louis Fed site (FRED), a chart through December 2022, updated on January 26, 2023. This value is $286,885 ($ Millions): (click on charts to …

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Money Supply Charts Through December 2022

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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Disturbing Charts (Update 48)

The following is the latest update of 10 charts that depict various aspects of the U.S. economic and financial situation. I find these charts portray disturbing long-term trends. These trends have been in effect for years. These charts raise a lot of questions.  As well, they highlight the “atypical” nature of our economic situation from …

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Charts Indicating Economic Weakness – January 2023

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 estimates, the probability of recession has grown significantly. As seen in …

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Average Hourly Earnings Trends

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 …

Read more