Going forward, the EGIs are going to be released every three months. The next update, providing data through October 2023, will be on November 29, 2023. (September 25, 2023)
The labor force participation and employment gaps between men and women are at their lowest levels in more than four years. Men are now 11 percentage points more likely to participate in the labor force, while the unemployment gap remains very small.
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Real retail spending of the young (age 25-34) continues to fall with a decline of nearly 60% between March and June 2023, while other groups have begun to recover since bottoming out in May 2023.
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The EGIs are calculated using the Consumer Expenditure Survey microdata from the Bureau of Labor Statistics (BLS); National and Regional Consumer Price Indexes from the BLS; Current Population Survey microdata from the BLS; American Community Survey microdata from the U.S. Census Bureau; and consumer spending data from Commerce Signals, a TransUnion company.
2023 Release Dates
Federal Reserve Bank of New York, Equitable Growth Indicators, https://
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The Equitable Growth Indicators are not official estimates of the Federal Reserve Bank
of New York, its President, the Federal Reserve System, or the Federal Open Market