Loading ...Eric Rosengren is chasing a lagging metric. Hard to fathom. It is the mfg workweek that is part of the index of leading economic indicators, sinking 0.7% in July and has shrunk at a 2% annual rate in the past 6 months. Only 1 other time since the Great Recession has this happened
Payroll report: flat average weekly earnings; three months in a row of downward revisions; 0.3% slide in the workweek; contraction in factory hours and overtime. What’s not to like?