https://www.milantorres.com Economic data analysis: PCE inflation, PPI, monthly jobs reports, the Employment Cost Index, and sector employment vs. output. By Milan Torres. en-us © 2026 Milan Torres. Working thoughts, not advice. Mon, 11 May 2026 23:08:40 +0000 Fri, 08 May 2026 12:00:00 +0000 https://www.rssboard.org/rss-specification milantorres-rss-builder/1.0 rss@milantorres.com (Milan Torres) rss@milantorres.com (Milan Torres) https://www.milantorres.com/jobs?utm_source=rss&utm_medium=economy-feed#Section%203 https://www.milantorres.com/jobs#Section%203 Fri, 08 May 2026 12:00:00 +0000 economy April 2026 jobs report (5/8/26): 115K nonfarm payrolls, unemployment unchanged at 4.3%, March revised up 7K and February revised down 23K. Last 12 months saw five months of job losses. Private education & health services led both 12-month and 10-year sector growth; federal ex-postal service was both the biggest % and biggest # decliner over both windows. Milan Torres https://www.milantorres.com/jobs?utm_source=rss&utm_medium=economy-feed#computer-%26-electronic-product-manufacturing https://www.milantorres.com/jobs#computer-%26-electronic-product-manufacturing Fri, 08 May 2026 12:00:00 +0000 economy Computer & Electronic Product Manufacturing payrolls were ~1.02M in 2016 (0.71% of nonfarm) and ~990K in 2026 (0.62%, -3.1%), against total nonfarm payrolls that grew 10.4%. Real output for the same industry rose from $238B in 2016 to a $300B peak in 2021 (+26.1%), then declined each year through 2024 to $287B (-4.3% from peak, +20.6% from 2016). Milan Torres https://www.milantorres.com/jobs?utm_source=rss&utm_medium=economy-feed https://www.milantorres.com/jobs Fri, 01 May 2026 12:00:00 +0000 economy March 2026 jobs report (released 4/3/26): 178K nonfarm payrolls — the strongest month in the trailing year — unemployment 4.3%, average hourly earnings +3.5% year-over-year. Q1 2026 Employment Cost Index (released 4/30/26): total compensation growth at 3.4% year-over-year, decelerated from a mid-2022 peak of 5.1%; the wages-and-benefits gap has essentially closed. Milan Torres https://www.milantorres.com/inflation?utm_source=rss&utm_medium=economy-feed https://www.milantorres.com/inflation Thu, 30 Apr 2026 12:00:00 +0000 economy March 2026 PCE through three windows: gasoline accounted for 42% of the monthly spending increase (81.3 of 195.4 = 41.6%); gasoline is about 2.3% of total PCE; 3-, 6-, and 12-month annualized rates show Total PCE at 5.6% / 4.3% / 3.5% and Core at 4.4% / 3.7% / 3.2%. Milan Torres https://www.milantorres.com/inflation?utm_source=rss&utm_medium=economy-feed https://www.milantorres.com/inflation Sun, 01 Feb 2026 12:00:00 +0000 economy PCE inflation and the gap between All Commodities PPI and Final Demand PPI tend to rise and fall together, reflecting shared inflationary pressure across producers and consumers. Rough proxy using NSA data, not a formal forecast. Sources: BEA, BLS via FRED. Milan Torres https://www.milantorres.com/inflation?utm_source=rss&utm_medium=economy-feed https://www.milantorres.com/inflation Thu, 15 Jan 2026 12:00:00 +0000 economy Interactive tool that lets you slide month-over-month and year-over-year scenarios across PCE categories using BEA Tables 2.8.5 and 2.8.4. Designed to show how big monthly category swings can be against more stable categories like housing, utilities, financial services, and insurance. Milan Torres