Alternative Business Cycle Indicators: Coincident, Consensus ADP
Source ↗
👁 0
💬 0
Coincident continues to rise through May, while Bloomberg consensus for NFP growth is for +114K, roughly same growth rate as in May:
Figure 1: Civilian employment adjusted to NFP concept smoothed population controls (bold orange), manufacturing production (red), ADP private nonfarm payroll employment (light green), Bloomberg consensus of 6/29 (light green +), real retail sales, CPI deflated (black), freight services indexes (brown), and coincident index in Ch.2017$ (pink), GDO (blue bars), all
Figure 1: Civilian employment adjusted to NFP concept smoothed population controls (bold orange), manufacturing production (red), ADP private nonfarm payroll employment (light green), Bloomberg consensus of 6/29 (light green +), real retail sales, CPI deflated (black), freight services indexes (brown), and coincident index in Ch.2017$ (pink), GDO (blue bars), all
Comments (0)