Swiss Economicblogs.org
Volatility in US payroll data has remained low lately. We see limited signs of imminent overheating or slowing in the US.Volatility has picked up significantly on US equity markets lately. But does it reflect higher volatility in US macroeconomic data?So far, not really. Take US payroll data. If one looks at the one-year rolling standard deviation of the monthly data, one can see volatility is still subdued: it now stands at 68,000 (new payrolls/month), which is close to the average since...
Read More »US chart of the week – Low macro vol
