Truflation Launches Employment Index

We are thrilled to announce the launch of the new Truflation Employment Index, an independent, multi-source measure of the U.S. labor market now live on the Truflation dashboard among over 200 indexes and macroeconomic signals.

This release comes at a crucial time in U.S. history, when the record-breaking government shutdown prevents the release of the majority of macroeconomic data, including:

• The BLS Job Openings and Labor Turnover, due November 4
• The Department of Labor's Weekly Jobless Claims, which were not released on November 6
• and the BLS Employment Report, which was due on November 7

For some time now, many of our audiences have asked for an alternative measure of employment, which is particularly urgent now, in the absence of official data releases during the U.S. government shutdown.

The current "data drought," caused by the lack of federal employees able to collect and analyze data surveys, also highlights that the economy and policymakers depend on a single source of data and manual, labor-intensive methodologies, rather than the technology and automation widely available today.

Our new Truflation Employment Index automatically sources and aggregates millions of data points from over 15 public and commercial sources and APIs, providing a more current and accurate alternative to the data from the Bureau of Labor Statistics and the Department of Labor.

This latest release aligns with our mission to provide more accurate inflation and employment metrics to the public and policymakers, including the U.S. Federal Reserve.

Part of a Larger Data Ecosystem

The Truflation Employment Index is powered by TRUF.NETWORK, the blockchain infrastructure layer supporting Truflation’s broader suite of real-time economic indicators, including inflation, housing, spending, and labor data.

The TRUF NETWORK ecosystem is reshaping how economic reality is measured and verified, enabling Truflation's data, among others, to be utilized in creating new capital markets and financializing economic and real-world data.

Go check our new Employment index!