United States: Chicago Fed National Activity Index - Employment, Unemployment, and Hours

Macro

2026-05-25

Description

-

Published by
Federal Reserve Bank of Chicago (Choice)
Frequency
Monthly
Next Update

AI Data Insight

The US Chicago Fed National Activity Index (Employment, Unemployment, and Hours) fell to -0.02 in Q2 2026, dropping below the zero line and underperforming the previous Q1 value of 0.02. Although the overall economic index rebounded strongly driven by production, the cooling of the employment sub-index indicates that the labor market is normalizing. The market expects this stable state of "low hiring, low firing" will make the Federal Reserve's rate-cut path more cautious.

AI Data Insight

The US Chicago Fed National Activity Index (Employment, Unemployment, and Hours) fell to -0.02 in Q2 2026, dropping below the zero line and underperforming the previous Q1 value of 0.02. Although the overall economic index rebounded strongly driven by production, the cooling of the employment sub-index indicates that the labor market is normalizing. The market expects this stable state of "low hiring, low firing" will make the Federal Reserve's rate-cut path more cautious.

Description

-

Published by
Federal Reserve Bank of Chicago (Choice)
Frequency
Monthly
Next Update