Editor's note: This article was originally published on May 3, 2019 by Menzie Chinn here.
That's from Macroeconomic Advisers today. Turns out a bunch of monthly indicators have recently been released, including today's employment report. Here are some key ones followed by NBER's Business Cycle Dating Committee ((BCDC)).
Figure 1: Nonfarm payroll employment (blue), industrial production (red), personal income excluding transfers in Ch.2012$ (green), manufacturing and trade sales in Ch.2012$ (black), and monthly GDP in Ch.2012$ (pink), all log normalized to 2018M12=0. Source: BLS, Federal Reserve, BEA, via FRED, Macroeconomic Advisers, and author's calculations.