macronometry

Our analysis of corporate management rhetoric challenges hopeful figures indicating that the vast majority of layoffs have been temporary.

We scan a large set of corporate filings to see how companies are adjusting CEO pay in response to the COVID-19 driven downturn.

We extracted March employment guidance, and the message is clear: the employment outlook has deteriorated sharply across key industries.

Our wage indicator, which can predict earnings growth up to 2 quarters in advance, suggests moderating inflation.