US economy, labor markets, and macroeconomic analysis by Joseph Politano
Joseph Politano: U.S. CPI inflation reaches 4.2% year-on-year, highest since 2023
Joseph Politano reports that U.S. CPI inflation has climbed to 4.2% year-on-year, according to data released this morning, marking the highest level since 2023. Additionally, the month-on-month ...
U.S. data center construction soars to record $51 billion a year, Joseph Politano notes
Joseph Politano reports that U.S. data center construction has reached a new record, rising to an annual rate of nearly $51 billion according to official data. This figure covers only physical ...
Joseph Politano: Forecasters see Q2 inflation rising to 6 percent annualized
Joseph Politano highlights a significant upward shift in professional forecasters' inflation expectations based on newly released data from the Philadelphia Federal Reserve. According to ...
EU and Eurozone industrial production increases monthly but declines year-on-year, Joseph Politano notes
Joseph Politano reports that EU industrial production rose by 0.8% and Eurozone industrial production increased by 0.2% on a month-on-month basis according to data released yesterday. However, ...
Joseph Politano: U.S. CPI inflation rises to 3.8 percent, highest since 2023
Joseph Politano reports that U.S. CPI inflation climbed to 3.8 percent year-on-year in newly released data, marking the highest rate since 2023. The figures also indicate a 0.6 percent increase ...
Canadian GDP up 1 percent year over year, Joseph Politano notes
Joseph Politano, industry influencer, reports that Canadian real GDP growth reached 0.2 percent on a monthly basis in February. This brings the total GDP increase to 1 percent compared to the same ...
Joseph Politano: U.S. imports of large computers hit record $340 billion annual pace
Joseph Politano, industry influencer, reports a sharp increase in U.S. imports of large computers, reaching a record pace of $340 billion annually based on March data. In addition, imports for ...
Eurozone and EU jobless rates remain near historic lows, Joseph Politano notes
Joseph Politano, industry influencer, reports that eurozone unemployment rates have dropped to 6.2 percent, matching the lowest level on record according to data released this morning. The ...
Conor Sen: Texas job growth ranks seventh, Florida struggles at thirty-ninth
Conor Sen, industry influencer, highlights contrasting job trends between major U.S. states. According to Sen, Texas currently ranks seventh in job growth among all states, reflecting continued ...
Florida and Texas surpass other states in post-pandemic GDP growth, Joseph Politano notes
All U.S. states and Washington, D.C. have exceeded their pre-pandemic GDP levels, according to Joseph Politano. Florida saw the fastest growth at 29 percent above pre-COVID levels, followed by ...
Joseph Politano: U.S. hiring rate drops to lowest level since 2011
U.S. labor market activity stayed muted in February as hiring slipped to its lowest level since early 2011. Joseph Politano highlighted that the hiring rate fell to 3.1 percent, with layoffs ...
Spending on data center computers dominates tech capex, Joseph Politano notes
Spending on data center facilities is only a small part of total capital expenditure in the technology sector, according to Joseph Politano. He explains that the majority of this spending is ...
Joseph Politano: U.S. labor market flows improve as hiring rises to 3.3% in January
U.S. labor market activity showed improvement in January, according to data highlighted by Joseph Politano. The hiring rate increased to 3.3%, layoffs declined to 1.0%, quits dropped to 2.0%, and ...
CPI inflation climbs to 2.4 percent, Joseph Politano says
Consumer Price Index (CPI) inflation increased to 2.4 percent year-on-year, with a 0.3 percent rise month-on-month. Joseph Politano highlighted that core CPI inflation decreased to 2.5 percent ...
Joseph Politano: U.S. non-farm payrolls drop by 92,000
U.S. non-farm payrolls fell by 92,000, according to the latest data cited by Joseph Politano. The unemployment rate rose slightly to 4.4 percent, up by 0.1 percentage point. The prime age ...
U.S. office construction plunges to 14-year low as Joseph Politano flags nearly 59 percent investment drop
U.S. office construction has hit a new 14-year low, according to official data highlighted by Joseph Politano. The sector has experienced a steady decline for over five years, with ...
Joseph Politano: U.S. trade deficit surpasses $1 trillion in 2025
Joseph Politano reports that tariffs did not achieve their intended goal of reducing the trade deficit. In 2025, net imports of goods and services reached a new record high, exceeding $1 trillion ...
Joseph Politano: U.S. warehouse construction drops 35 percent from 2023
U.S. warehouse construction continues to decline, a situation highlighted by Joseph Politano. The industry has seen a 35% reduction in construction levels from early 2023 peaks. This decrease is ...
Canada GDP contracts 0.02 percent in October, Joseph Politano alerts
Canadian GDP was essentially stagnant in the latest monthly report, contracting by 0.02% compared to October. Joseph Politano highlighted this minor decline, emphasizing that the economy showed ...
