US economy, labor markets, and macroeconomic analysis by Joseph Politano
South Carolina posted fastest job gains among states, Joseph Politano notes
State-level employment data show that 42 U.S. states gained jobs over the past year, with South Carolina recording the fastest growth at 2.2%. Louisiana (1.8%), North Carolina (1.5%), Utah (1.4%), ...
Joseph Politano: U.S. factory construction drops to lowest level since 2022
Joseph Politano reports that American factory construction has fallen to its lowest point since 2022, according to official data released today. Politano highlights that total U.S. factory ...
44 U.S. states see economic growth, Joseph Politano notes
Joseph Politano reports that new GDP by State data reveals economic growth in 44 U.S. states over the last year. According to Politano, New York, Idaho, California, Florida, and Nebraska led with ...
Joseph Politano: Information technology firms set new investment record amid AI boom
Joseph Politano reports that the latest quarterly financial data from the Census Bureau shows companies in the information technology sector have achieved a new investment record, fueled by the ...
American office construction falls to lowest level since 2011, Joseph Politano notes
Joseph Politano reports that official data shows American office construction, adjusted for inflation, has declined to its lowest point since 2011. According to Politano, office construction ...
Joseph Politano: Questions raised over AI-generated op-ed featured in WSJ
Joseph Politano questions the authenticity of a recent op-ed published by the Wall Street Journal, suggesting it is clearly AI-generated based on its writing patterns. He expresses concern that ...
U.S. data center construction surpasses $68 billion yearly, Joseph Politano notes
Joseph Politano reports that U.S. data center construction has reached a new record high, now running at an annualized pace exceeding $68 billion. This figure represents only the construction of ...
Joseph Politano: U.S. real GDP grows 1.5% annualized in Q1 2026
Joseph Politano reported that U.S. real GDP grew at a 1.5% annualized rate in the first quarter of 2026, according to newly released data. Consumption and investment posted increases, the trade ...
U.S. data center building climbs to $60 billion pace, Joseph Politano notes
Joseph Politano reports that U.S. data center construction has reached another record high, with spending now at an annualized pace of nearly $60 billion. This figure, based on official data ...
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 ...
