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

Macro

2026-07-23

Description

-

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

AI Data Insight

The latest Q2 2026 Chicago Fed National Activity Index indicates that the employment-related subcomponents have maintained a reading of -0.04 for two consecutive months, reflecting that employment momentum is slightly below the historical trend. However, nonfarm payroll growth during the same period significantly exceeded market expectations, indicating that the U.S. job market maintains robust resilience amid a mild slowdown.

AI Data Insight

The latest Q2 2026 Chicago Fed National Activity Index indicates that the employment-related subcomponents have maintained a reading of -0.04 for two consecutive months, reflecting that employment momentum is slightly below the historical trend. However, nonfarm payroll growth during the same period significantly exceeded market expectations, indicating that the U.S. job market maintains robust resilience amid a mild slowdown.

Description

-

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