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M2 Money Supply Year Over Year Rate of Change

M2 money supply year over year comparison rate of change. M2 is a measure of the U.S. money stock that includes M1 (currency and coins held by the non-bank public, checkable deposits, and travelers’ checks) plus savings deposits (including money market deposit accounts), small time deposits under $100,000, and shares in retail money market mutual […]

FRED Wage Growth & Analysis of Underlying Inflation

FRED added data from the New York Fed on underlying inflation.  The June 2022 data suggest the recent peak in inflation had a large transitory component and the upward persistent trend reversed course soon afterward. Learn more about these trend estimates and other measures of underlying, persistent, sticky, or core consumer price inflation. The Underlying […]

Underlying Inflation Gauge (UIG)

The FRED Blog shows new wage growth tracker data from the Atlanta Fed. The post-pandemic upsurge in the median growth rate of typical labor earnings reflects the resilient conditions of the overall labor market and the upward pressure on nominal wages resulting from the recent bout of above-average inflation FRED has added 2 Underlying Inflation Gauge data series from the […]

Total Nonfarm Job Openings

Source: U.S. Bureau of Labor Statistics Release: Job Openings and Labor Turnover Survey   Units:  Level in Thousands, Seasonally Adjusted Frequency:  Monthly Total Nonfarm Job Openings are a measure of all jobs that are not filled on the last business day of the month. A job is considered open if a specific position exists and there […]

Job Quits: Government vs Private

Although the FRED is committed to the long haul, we’ve discussed quitting before: that is, data on voluntary separations from employment. For example, earlier this year, a post covered quits for currently employed workers during economic downturns. Conventional wisdom says that quits decrease during recessions and increase during expansions. But because there was hardly anything conventional […]

Quits and Layoffs

Consider times when employment has declined. What are the causes? An employment decline can come from fewer hires, more layoffs, and people quitting their jobs. But these factors can interact in complex ways. Indeed, the Job Openings and Labor Turnover release from the Bureau of Labor Statistics shows that hires went down and layoffs went […]

Manufacturers’ New Orders for Durable Goods

Pro Tip Manufacturers’ New Orders for Durable Goods is a leading indicator. Manufacturers’ New Orders for Durable Goods … important indicator! Manufacturers’ New Orders for Durable Goods is generally a leading indicator. An increase in new durable goods orders signifies an economy trending upwards. Like wise a drop in new durable goods orders implies a […]

US Currency in Circulation vs Gross Domestic Product GDP

The Fed tracks these numbers and uses them to assess the needed amount of cash in the system to support the economy. In a simple way the money supply needs to grow as the economy grows, otherwise there is deflation and a lack of liquidity.

Fed Balance Sheet vs Gold Price

This chart compares the monthly percentage growth of the Federal Reserve balance sheet (U.S. Treasuries and Agency MBS) against the price of gold back to 2004. Macro Trends