Lower level economic data from the Philly Fed
- Wage and benefit cost index +13.1 vs +14.6 prior
- Firm-level business activity +20.4 vs +17.9 prior
- New orders +8.5 vs +11.6 prior
- Full time employment +5.1 vs -3.0 prior
There is no stall out here and even the dip in new orders leaves it at a healthy level.
