Signs of Slowing: Measuring Wages in Core Non-Housing Services
We reconstruct the White House’s core non-housing services wage index. We walk through the construction of this series, which is available for premium donors.
Wages
46 postsCausal Theme: By the Fed's "Core Services Ex Housing" Logic, The Fed's Inflation Narrative Is Due For Revision
Summary: If we focus on the domestic labor that contributes to "Core Services Ex Housing PCE" output, we see that wage growth is no longer looking...
Labor Market Recap March 2023: We’re Getting Something in Labor Supply Now
The data from the March labor market show continued labor market strength. As was true last month, almost all employment-based indicators show improvement from the previous month, even...
The State Space: Mid-March Update
Welcome to our State Space series. Here you will find how we’re thinking about the pathways and scenarios that could take us to critical economic states. We...
