Activity Update - Stabilization Shines Through (Jobs Day, Rig Counts) - June 2, 2023

This monitor is a reflection of how we update our assessments of economic growth in real-time as we get meaningful updates from macroeconomic data releases. It provides a more timely and meaningful gauge of economic activity growth than what GDP and similar summary indicators provide. Please see here for more details about how to interpret this information.

Bottom Line: The flow of data is mostly serving to confirm what we had already highlighted: the economy is in the midst of a 'stabilizing slowdown.'

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