US Core Durable Goods Orders m/m — Indicator 1.21
Core durable goods orders m/m tracks the month-to-month percentage change in new orders placed with US manufacturers for long-lasting goods, excluding the most volatile components, typically transportation equipment (large aircraft, autos) and sometimes defense. It sits in the manufacturing and business-investment part of the economy, capturing early-stage demand from firms (capex, equipment, machinery) and, to […]
US Construction Spending m/m — Indicator 1.22
US Construction Spending m/m tracks the month-over-month percentage change in total dollar outlays on construction projects—public and private, residential and non-residential. It sits on the “real economy” side of the US data grid: bricks, steel, labor and land rather than financial conditions directly. The data is monthly and quite lagging compared with surveys and housing […]
US Non-Farm Payrolls (NFP) — Indicator 1.23
Non-Farm Payrolls measure the monthly change in the number of employed people in the US economy, excluding farm workers, private household staff, and non-profit employees. It comes from the BLS “establishment survey” and captures how many jobs businesses are adding or cutting across most major sectors. This is core labour-market data: it sits in the […]
US Unemployment Rate — Indicator 1.24
The US unemployment rate measures the share of the labour force that is without a job and actively looking for work. It’s usually the “U-3” rate: unemployed / labour force, reported monthly as a simple percentage (e.g. 4.0%). It sits in the core of the labour-market complex alongside Non-Farm Payrolls (1.23) and Average Hourly Earnings […]
US Average Hourly Earnings m/m — Indicator 1.25
Average Hourly Earnings m/m measures the month-over-month percentage change in the average wage paid per hour to employees on non-farm payrolls. It’s a price-of-labour indicator: instead of tracking how many people are working (that’s NFP and the unemployment rate), it tracks how expensive labour is becoming. It’s released monthly alongside Non-Farm Payrolls (1.23) and the […]
US ADP Non-Farm Employment Change — Indicator 1.26
ADP Non-Farm Employment Change is a monthly estimate of private-sector payroll growth in the United States, produced by ADP using its own payroll-processing data and a statistical model. It covers jobs at private businesses (no government) and is designed as an advance signal for the official Bureau of Labor Statistics (BLS) employment report, especially Non-Farm […]
US Employment Cost Index q/q — Indicator 1.27
The US Employment Cost Index (ECI) measures the quarterly change in total compensation per employee—wages, salaries, and benefits—for civilian workers. It sits squarely in the labour-cost part of the macro machine: not about jobs quantity (like NFP) but jobs price (what it costs firms to employ people). It’s compiled by the Bureau of Labor Statistics, […]
US JOLTS Job Openings — Indicator 1.28
JOLTS Job Openings measures the number of unfilled positions that employers are actively recruiting for across the US economy. It captures labour demand, not employment itself: how many jobs firms would like to fill, rather than how many people are currently employed. It’s a monthly release, published with a relatively long lag (data for month […]
US Challenger Job Cuts y/y — Indicator 1.29
The US Challenger Job Cuts report tracks announced corporate layoffs, measured as the number of planned job cuts compared with the same month a year earlier (y/y). It’s compiled monthly by Challenger, Gray & Christmas using public company announcements, press releases and filings. This sits upstream of the labor market: it’s about employers’ planned reductions, […]
US Retail Sales m/m — Indicator 1.30
US Retail Sales m/m measures the month-to-month percentage change in the total value of receipts at retail and food services outlets. It captures nominal consumer spending on goods (and some services) at the cash register — from autos and gasoline to clothing, electronics, restaurants and online sales. It sits directly in the household demand part […]