The New York Fed just put out an economic recap of the U.S. economy that is chock full of charts and data.
NYC employment growth is strong…
But nationally, unemployment is falling but those being counted on the roles are falling…
Housing starts have ramped up but most is multi-family – driven by freakin’ high rents.
New single family home sales are lagging existing home sales (see chart above)…
And we wonder why the economy doesn’t feels so good…anemic wage growth…