Ghost of Truth on Nostr: US: Chicago PMI Signals Economic Slowdown While Labor Costs Keep Rising Chicago's ...
US: Chicago PMI Signals Economic Slowdown While Labor Costs Keep Rising
Chicago's economic pulse weakened this October, with the PMI dropping to 41.6 - well below market expectations of 46.8. This dip below the crucial 50-point growth threshold suggests trouble ahead for one of America's key economic hubs.
Meanwhile, Q3 labor costs paint a complex picture: up 0.8% quarter-over-quarter and 3.9% year-over-year. Both wages and benefits saw identical 0.8% quarterly increases, slightly undershooting economist predictions.
#economics #chicagoeconomy #labormarket #pmindex #marketindicators
Chicago's economic pulse weakened this October, with the PMI dropping to 41.6 - well below market expectations of 46.8. This dip below the crucial 50-point growth threshold suggests trouble ahead for one of America's key economic hubs.
Meanwhile, Q3 labor costs paint a complex picture: up 0.8% quarter-over-quarter and 3.9% year-over-year. Both wages and benefits saw identical 0.8% quarterly increases, slightly undershooting economist predictions.
#economics #chicagoeconomy #labormarket #pmindex #marketindicators