US total business inventories · United States · as of 2026-07-01
US total business inventories (United States) rose 0.81% in 2026-07-01, an unusually large monthly move
US total business inventories for United States was 2,764,708 millions of dollars in 2026-07-01, up 22,175 millions of dollars (+0.81%) from 2,742,533 in 2026-06-01; that change ranks in the 96th percentile of monthly changes recorded since 1992-01-01.
US total business inventories
- Latest
- 2.76M in 2026-07-01 obs 410392
- Previous
- 2.74M in 2026-06-01 obs 410391
- Change
- +22,175 millions of dollars
- History
- 415 observations, 1992-01-01 to 2026-07-01
Against its own history
- Robust z
- 3.25
- Change percentile
- 96th of 413 earlier absolute changes
- Value percentile
- 100th of earlier values
- Median change
- 4,268 (scale 5,518.24, mad)
- Second difference
- 18,844 (z 4.32)
- Slope divergence
- 0.40
- Rarity
- last larger move 4 periods ago (2026-03-01); new series high
Record
- Relevance
- 0.364
- Confidence
- 68%
- Status
- published
- Discovered
- 2026-09-21 00:11 UTC
- Expires
- 2026-10-21 00:11 UTC
- Model
- relevance_v1+insight_text_v1
- Validation
- passed
- Causal level
- candidate
Candidate: no reviewed relationship supports a causal reading. Agreement among metrics is co-movement, not cause.
Relevance components
- Statistical surprise: the latest change of +22,175 millions of dollars is 3.2 robust standard deviations from the median monthly change (413 earlier changes), at the 96th percentile of absolute changes. Component 0.86, weight 0.18, contribution 0.154.
- Acceleration: second-difference z 4.3; short-versus-long slope divergence 0.40. Component 0.65, weight 0.12, contribution 0.078.
- Breadth: 14 of 21 related metrics (same category, Economy & Capital) moved in the same direction as of their latest periods; 7 moved the other way. Component 0.67, weight 0.16, contribution 0.107.
- Graph centrality: no graph entity carries a centrality value for this metric yet, so it reads 0. Component 0.00, weight 0.18, contribution 0.000.
- Historical rarity: the last larger move was 4 periods ago, in 2026-03-01; the value is a new series high (window 20 years). Component 0.31, weight 0.08, contribution 0.025.
- Forecast impact: not wired yet; reads 0. Component 0.00, weight 0.14, contribution 0.000.
- Bottleneck impact: not wired yet; reads 0. Component 0.00, weight 0.10, contribution 0.000.
- Public attention: not wired yet; reads 0. Component 0.00, weight 0.04, contribution 0.000.
Relevance (relevance_v1) is the weighted sum of the components: 0.364, against a candidate threshold of 0.30.
What changed and how unusual it is
What changed. The latest current observation for US total business inventories, United States, is 2,764,708 millions of dollars for 2026-07-01 (obs 410392). The previous period, 2026-06-01, recorded 2,742,533 millions of dollars (obs 410391). The change is +22,175 millions of dollars, or +0.81%. The metric is classified as contextual, so the change carries no better or worse reading on its own.
How unusual. Against the 413 earlier monthly changes since 1992-01-01, the median change is +4,268 millions of dollars and the robust spread (scaled median absolute deviation) is 5,518.24, giving a robust z-score of 3.2. The absolute change sits at the 96th percentile of earlier absolute changes; the value itself sits at the 100th percentile of earlier values. The last larger move was +26,613 millions of dollars in 2026-03-01 (obs 165025, obs 165024), 4 periods ago. The value is a new high for the series, above 2,742,533 millions of dollars in 2026-06-01 (obs 410391).
Acceleration. The change in the change (second difference) is +18,844 millions of dollars, a robust z of 4.3 against earlier second differences. The slope over the last 3 periods is +12,753 millions of dollars per period against +10,569.56 over the last 10, a divergence of 0.40 change-scale units.
Templated from stored numbers, no AI. Citations link to the evidence table below.
Modeled interpretation
Explanation
The observation [observation:410392] records 2764708 million dollars for 2026-07-01. The prior observation [observation:410391] records 2742533 million dollars for 2026-06-01. Earlier observations include 2712902 million dollars for 2026-03-01 [observation:165025] and 2686289 million dollars for 2026-02-01 [observation:164615]. The data are consistent with an unusually large monthly move.
Alternative explanation (skeptic pass)
A plausible mechanism is normal variation in inventory reporting cycles.
Why now
The latest reading follows four periods without a larger change.
What to watch
Subsequent US total business inventories values [observation:410392] and related series such as real GDP [observation:182152].
Supporting metrics
| Metric | Latest | Change | Evidence |
|---|---|---|---|
| GDP per person, constant 2015 US$category | 67,945.61 constant 2015 US$ per person (2025) | +1,089.1 (+1.63%) | obs 49154, obs 49155 |
| General government gross debt (IMF WEO)category | 123.89 percent of GDP (2025) | +1.62 (+1.32%) | obs 348353, obs 348352 |
| Labor hours per 100 gallons of gasolinecategory | 10.75 hours (2026-08-01) | +0.306 (+2.93%) | obs 404553, obs 404552 |
| Labor hours per CPI basket, indexed to 2007category | 0.8925 hours per 2007 hour-basket (2026-08-01) | +0.0012 (+0.13%) | obs 410384, obs 404307 |
| Labour productivity, GDP per hour worked (OECD)category | 104.74 US dollars per hour, current prices and PPPs (2025) | +4.62 (+4.62%) | obs 391708, obs 391346 |
| NASA contract obligationscategory | 15.78B US dollars (2024-10-01) | +768.51M (+5.12%) | obs 410491, obs 272321 |
| US Department of Defense contract obligationscategory | 491.77B US dollars (2024-10-01) | +46B (+10.32%) | obs 410479, obs 410478 |
| US Department of Energy contract obligationscategory | 48.55B US dollars (2024-10-01) | +2.51B (+5.44%) | obs 272268, obs 272267 |
| US average hourly earnings, all private employeescategory | 37.75 US dollars per hour (2026-08-01) | +0.1 (+0.27%) | obs 393725, obs 393724 |
| US consumer price index, all itemscategory | 334.13 index 1982-1984=100 (2026-08-01) | +1.32 (+0.40%) | obs 409148, obs 167372 |
| US federal contract obligationscategory | 778.53B US dollars (2024-10-01) | +37.86B (+5.11%) | obs 410487, obs 410486 |
| US nonfarm payroll employmentcategory | 159,075 thousands of persons (2026-08-01) | +162 (+0.10%) | obs 178884, obs 178883 |
| US real GDPcategory | 24,269.61 billions of chained 2017 dollars, seasonally adjusted annual rate (2026-04-01) | +89.19 (+0.37%) | obs 182152, obs 182151 |
| US real private fixed investmentcategory | 4,551.12 billions of chained 2017 dollars, seasonally adjusted annual rate (2026-04-01) | +76.03 (+1.70%) | obs 181431, obs 181430 |
No graph relationships cited; related metrics were found by shared category.
What points the other way
7 related metrics moved the other way as of their latest periods:
- Consumer price inflation (IMF WEO): -0.2226 percent change (-7.54%) to 2.73 percent change in 2025-01-01 (obs 356291, obs 356290)
- Current account balance (IMF WEO): -0.7089 percent of GDP (-21.25%) to -4.05 percent of GDP in 2024-01-01 (obs 342513, obs 342512)
- Gross capital formation as share of GDP: -0.0375 percent of GDP (-0.17%) to 21.53 percent of GDP in 2024-01-01 (obs 60180, obs 60181)
- Labor hours per MWh of residential electricity: -0.114 hours (-2.27%) to 4.92 hours in 2026-05-01 (obs 404796, obs 404795)
- Real GDP growth (IMF WEO): -0.6758 percent change (-24.19%) to 2.12 percent change in 2025-01-01 (obs 364346, obs 364345)
- US 10-year Treasury yield: -0.07 percent (-1.40%) to 4.94 percent in 2026-09-17 (obs 410439, obs 410438)
- US federal heavy and civil engineering construction contract obligations: -1,316,030,899 US dollars (-8.52%) to 14,122,861,978 US dollars in 2024-10-01 (obs 272304, obs 272303)
2 related metrics have no comparable change and did not count either way.
Limits: the score compares period-over-period changes of current rows only; earlier vintages are not compared. Related metrics were found by shared category, not by a tested mechanism, so agreement among them does not establish cause.
- Consumer price inflation (IMF WEO) moved against this insight.
- Current account balance (IMF WEO) moved against this insight.
- Gross capital formation as share of GDP moved against this insight.
- Labor hours per MWh of residential electricity moved against this insight.
- Real GDP growth (IMF WEO) moved against this insight.
- US 10-year Treasury yield moved against this insight.
- US federal heavy and civil engineering construction contract obligations moved against this insight.
Measurable indicators
- The next US total business inventories observation (2026-08-01): a change no larger than the median monthly change of +4,268 millions of dollars, or a move back the other way, would mean the latest change has normalised.
- GDP per person, constant 2015 US$, currently 67,945.61 constant 2015 US$ per person in 2025 (obs 49154): a move the other way lowers the breadth component.
- General government gross debt (IMF WEO), currently 123.89 percent of GDP in 2025 (obs 348353): a move the other way lowers the breadth component.
- Labor hours per 100 gallons of gasoline, currently 10.75 hours in 2026-08-01 (obs 404553): a move the other way lowers the breadth component.
- Revisions: a revised 2026-07-01 value would arrive as a new observation row (the current row is observation 410392) and trigger a rescore.
- Expiry: this insight expires 30 days after discovery unless a newer period supersedes it, and earlier if the relevance score falls below the threshold.
Every number links here
| Observation | Metric | Period | Value | Role | Series | Ingested |
|---|---|---|---|---|---|---|
| 410392 | US total business inventoriesUSA | 2026-07-01 | 2.76M millions of dollars | primary | BUSINV | 2026-09-21 00:04 UTC |
| 410391 | US total business inventoriesUSA | 2026-06-01 | 2.74M millions of dollars | primary | BUSINV | 2026-09-21 00:04 UTC |
| 165025 | US total business inventoriesUSA | 2026-03-01 | 2.71M millions of dollars | context | BUSINV | 2026-09-07 09:53 UTC |
| 165024 | US total business inventoriesUSA | 2026-02-01 | 2.69M millions of dollars | context | BUSINV | 2026-09-07 09:53 UTC |
| 164615 | US total business inventoriesUSA | 1992-01-01 | 800,927 millions of dollars | context | BUSINV | 2026-09-07 09:53 UTC |
| 356291 | Consumer price inflation (IMF WEO)USA | 2025 | 2.73 percent change | counter | PCPIPCH | 2026-09-07 20:00 UTC |
| 356290 | Consumer price inflation (IMF WEO)USA | 2024 | 2.95 percent change | counter | PCPIPCH | 2026-09-07 20:00 UTC |
| 342513 | Current account balance (IMF WEO)USA | 2024 | -4.05 percent of GDP | counter | BCA_NGDPD | 2026-09-07 20:00 UTC |
| 342512 | Current account balance (IMF WEO)USA | 2023 | -3.34 percent of GDP | counter | BCA_NGDPD | 2026-09-07 20:00 UTC |
| 49154 | GDP per person, constant 2015 US$USA | 2025 | 67,945.61 constant 2015 US$ per person | supporting | NY.GDP.PCAP.KD | 2026-09-07 05:31 UTC |
| 49155 | GDP per person, constant 2015 US$USA | 2024 | 66,856.51 constant 2015 US$ per person | supporting | NY.GDP.PCAP.KD | 2026-09-07 05:31 UTC |
| 348353 | General government gross debt (IMF WEO)USA | 2025 | 123.89 percent of GDP | supporting | GGXWDG_NGDP | 2026-09-07 20:00 UTC |
| 348352 | General government gross debt (IMF WEO)USA | 2024 | 122.27 percent of GDP | supporting | GGXWDG_NGDP | 2026-09-07 20:00 UTC |
| 60180 | Gross capital formation as share of GDPUSA | 2024 | 21.53 percent of GDP | counter | NE.GDI.TOTL.ZS | 2026-09-07 05:31 UTC |
| 60181 | Gross capital formation as share of GDPUSA | 2023 | 21.57 percent of GDP | counter | NE.GDI.TOTL.ZS | 2026-09-07 05:31 UTC |
| 404553 | Labor hours per 100 gallons of gasolineUSA | 2026-08-01 | 10.75 hours | supporting | labor-hours-per-100-gallons-gasoline@1.0 | 2026-09-07 22:04 UTC |
| 404552 | Labor hours per 100 gallons of gasolineUSA | 2026-07-01 | 10.44 hours | supporting | labor-hours-per-100-gallons-gasoline@1.0 | 2026-09-07 22:04 UTC |
| 410384 | Labor hours per CPI basket, indexed to 2007USA | 2026-08-01 | 0.8925 hours per 2007 hour-basket | supporting | labor-hours-cpi-basket-indexed@1.0 | 2026-09-14 00:11 UTC |
| 404307 | Labor hours per CPI basket, indexed to 2007USA | 2026-07-01 | 0.8913 hours per 2007 hour-basket | supporting | labor-hours-cpi-basket-indexed@1.0 | 2026-09-07 22:04 UTC |
| 404796 | Labor hours per MWh of residential electricityUSA | 2026-05-01 | 4.92 hours | counter | labor-hours-per-mwh-residential@1.0 | 2026-09-07 22:04 UTC |
| 404795 | Labor hours per MWh of residential electricityUSA | 2026-04-01 | 5.03 hours | counter | labor-hours-per-mwh-residential@1.0 | 2026-09-07 22:04 UTC |
| 391708 | Labour productivity, GDP per hour worked (OECD)USA | 2025 | 104.74 US dollars per hour, current prices and PPPs | supporting | OECD.SDD.TPS,DSD_PDB@DF_PDB/.A.GDPHRS._T.USD_PPP_H.V.N._Z.PPP | 2026-09-07 20:00 UTC |
| 391346 | Labour productivity, GDP per hour worked (OECD)USA | 2024 | 100.12 US dollars per hour, current prices and PPPs | supporting | OECD.SDD.TPS,DSD_PDB@DF_PDB/.A.GDPHRS._T.USD_PPP_H.V.N._Z.PPP | 2026-09-07 20:00 UTC |
| 410491 | NASA contract obligationsUSA | 2024-10-01 | 15.78B US dollars | supporting | spending_over_time:nasa-contracts | 2026-09-21 00:08 UTC |
| 272321 | NASA contract obligationsUSA | 2023-10-01 | 15.02B US dollars | supporting | spending_over_time:nasa-contracts | 2026-09-07 20:00 UTC |
| 364346 | Real GDP growth (IMF WEO)USA | 2025 | 2.12 percent change | counter | NGDP_RPCH | 2026-09-07 20:00 UTC |
| 364345 | Real GDP growth (IMF WEO)USA | 2024 | 2.79 percent change | counter | NGDP_RPCH | 2026-09-07 20:00 UTC |
| 410439 | US 10-year Treasury yieldUSA | 2026-09-17 | 4.94 percent | counter | DGS10 | 2026-09-21 00:05 UTC |
| 410438 | US 10-year Treasury yieldUSA | 2026-09-16 | 5.01 percent | counter | DGS10 | 2026-09-21 00:05 UTC |
| 410479 | US Department of Defense contract obligationsUSA | 2024-10-01 | 491.77B US dollars | supporting | spending_over_time:dod-contracts | 2026-09-21 00:08 UTC |
| 410478 | US Department of Defense contract obligationsUSA | 2023-10-01 | 445.76B US dollars | supporting | spending_over_time:dod-contracts | 2026-09-21 00:08 UTC |
| 272268 | US Department of Energy contract obligationsUSA | 2024-10-01 | 48.55B US dollars | supporting | spending_over_time:doe-contracts | 2026-09-07 20:00 UTC |
| 272267 | US Department of Energy contract obligationsUSA | 2023-10-01 | 46.04B US dollars | supporting | spending_over_time:doe-contracts | 2026-09-07 20:00 UTC |
| 393725 | US average hourly earnings, all private employeesUSA | 2026-08-01 | 37.75 US dollars per hour | supporting | CES0500000003 | 2026-09-07 21:58 UTC |
| 393724 | US average hourly earnings, all private employeesUSA | 2026-07-01 | 37.65 US dollars per hour | supporting | CES0500000003 | 2026-09-07 21:58 UTC |
| 409148 | US consumer price index, all itemsUSA | 2026-08-01 | 334.13 index 1982-1984=100 | supporting | CPIAUCSL | 2026-09-14 00:04 UTC |
| 167372 | US consumer price index, all itemsUSA | 2026-07-01 | 332.81 index 1982-1984=100 | supporting | CPIAUCSL | 2026-09-07 09:53 UTC |
| 410487 | US federal contract obligationsUSA | 2024-10-01 | 778.53B US dollars | supporting | spending_over_time:contracts | 2026-09-21 00:08 UTC |
| 410486 | US federal contract obligationsUSA | 2023-10-01 | 740.67B US dollars | supporting | spending_over_time:contracts | 2026-09-21 00:08 UTC |
| 169072 | US federal funds effective rateUSA | 2026-08-01 | 3.63 percent | context | FEDFUNDS | 2026-09-07 09:53 UTC |
| 169071 | US federal funds effective rateUSA | 2026-07-01 | 3.63 percent | context | FEDFUNDS | 2026-09-07 09:53 UTC |
| 272304 | US federal heavy and civil engineering construction contract obligationsUSA | 2024-10-01 | 14.12B US dollars | counter | spending_over_time:heavy-civil-construction | 2026-09-07 20:00 UTC |
| 272303 | US federal heavy and civil engineering construction contract obligationsUSA | 2023-10-01 | 15.44B US dollars | counter | spending_over_time:heavy-civil-construction | 2026-09-07 20:00 UTC |
| 178884 | US nonfarm payroll employmentUSA | 2026-08-01 | 159,075 thousands of persons | supporting | PAYEMS | 2026-09-07 09:53 UTC |
| 178883 | US nonfarm payroll employmentUSA | 2026-07-01 | 158,913 thousands of persons | supporting | PAYEMS | 2026-09-07 09:53 UTC |
| 182152 | US real GDPUSA | 2026-04-01 | 24,269.61 billions of chained 2017 dollars, seasonally adjusted annual rate | supporting | GDPC1 | 2026-09-07 09:53 UTC |
| 182151 | US real GDPUSA | 2026 | 24,180.42 billions of chained 2017 dollars, seasonally adjusted annual rate | supporting | GDPC1 | 2026-09-07 09:53 UTC |
| 181431 | US real private fixed investmentUSA | 2026-04-01 | 4,551.12 billions of chained 2017 dollars, seasonally adjusted annual rate | supporting | FPIC1 | 2026-09-07 09:53 UTC |
| 181430 | US real private fixed investmentUSA | 2026 | 4,475.09 billions of chained 2017 dollars, seasonally adjusted annual rate | supporting | FPIC1 | 2026-09-07 09:53 UTC |
| 213832 | US unemployment rateUSA | 2026-08-01 | 4.1 percent | context | UNRATE | 2026-09-07 09:53 UTC |
| 213831 | US unemployment rateUSA | 2026-07-01 | 4.1 percent | context | UNRATE | 2026-09-07 09:53 UTC |
Feature packet (full inputs to the score)
{
"as_of": "2026-07-01",
"change": {
"pct": 0.008086,
"value": 22175,
"observation_ids": [
410392,
410391
]
},
"latest": {
"id": 410392,
"value": 2764708,
"period": "2026-07-01"
},
"metric": {
"id": "57d7eff9-88cd-4a60-b0bb-7198b9cc570e",
"kind": "observed",
"name": "US total business inventories",
"slug": "us-business-inventories",
"unit": "millions of dollars",
"direction": "contextual",
"frequency": "monthly",
"category_id": "3f71939e-fa36-4d46-99a2-703ce2a7b9ab",
"category_name": "Economy & Capital",
"category_slug": "economy",
"geography_default": "USA",
"frequency_normalised": "monthly"
},
"rarity": {
"prior_max": {
"id": 410391,
"value": 2742533,
"period": "2026-06-01"
},
"prior_min": {
"id": 164615,
"value": 800927,
"period": "1992-01-01"
},
"abs_change": 22175,
"all_time_low": false,
"largest_ever": false,
"window_years": 20,
"all_time_high": true,
"window_periods": 240,
"last_larger_move": {
"change": 26613,
"period": "2026-03-01",
"observation_ids": [
165025,
165024
]
},
"largest_in_window": false,
"periods_since_larger_move": 4
},
"scores": {
"rarity": 0.3117,
"breadth": 0.6667,
"surprise": 0.8563,
"centrality": 0,
"acceleration": 0.6528,
"forecast_impact": 0,
"public_attention": 0,
"bottleneck_impact": 0
},
"breadth": {
"via": "category",
"share": 0.6667,
"related": [
{
"via": "category",
"name": "Consumer price inflation (IMF WEO)",
"slug": "imf-inflation",
"unit": "percent change",
"change": -0.222604,
"latest": {
"id": 356291,
"value": 2.729506,
"period": "2025-01-01"
},
"previous": {
"id": 356290,
"value": 2.95211,
"period": "2024-01-01"
},
"direction": "contextual",
"frequency": "annual",
"metric_id": "1e18548a-6c31-401b-a001-a3970c8cf813",
"change_pct": -0.075405,
"consistent": false,
"relationship_ids": []
},
{
"via": "category",
"name": "Current account balance (IMF WEO)",
"slug": "imf-current-account-balance",
"unit": "percent of GDP",
"change": -0.708905,
"latest": {
"id": 342513,
"value": -4.045665,
"period": "2024-01-01"
},
"previous": {
"id": 342512,
"value": -3.33676,
"period": "2023-01-01"
},
"direction": "contextual",
"frequency": "annual",
"metric_id": "025362e9-07fa-4ead-bd6d-b7ebe14aab52",
"change_pct": -0.212453,
"consistent": false,
"relationship_ids": []
},
{
"via": "category",
"name": "GDP per person, constant 2015 US$",
"slug": "gdp-per-person",
"unit": "constant 2015 US$ per person",
"change": 1089.10148,
"latest": {
"id": 49154,
"value": 67945.6146497427,
"period": "2025-01-01"
},
"previous": {
"id": 49155,
"value": 66856.5131698371,
"period": "2024-01-01"
},
"direction": "higher_better",
"frequency": "annual",
"metric_id": "3bd181ab-ad4f-4d1f-b404-0759f53e7053",
"change_pct": 0.01629,
"consistent": true,
"relationship_ids": []
},
{
"via": "category",
"name": "General government gross debt (IMF WEO)",
"slug": "imf-government-gross-debt",
"unit": "percent of GDP",
"change": 1.616685,
"latest": {
"id": 348353,
"value": 123.886351,
"period": "2025-01-01"
},
"previous": {
"id": 348352,
"value": 122.269666,
"period": "2024-01-01"
},
"direction": "contextual",
"frequency": "annual",
"metric_id": "b6142a59-5c69-4bdd-a234-05161d215673",
"change_pct": 0.013222,
"consistent": true,
"relationship_ids": []
},
{
"via": "category",
"name": "Gross capital formation as share of GDP",
"slug": "gross-capital-formation-share",
"unit": "percent of GDP",
"change": -0.037546,
"latest": {
"id": 60180,
"value": 21.5325967668865,
"period": "2024-01-01"
},
"previous": {
"id": 60181,
"value": 21.5701430454153,
"period": "2023-01-01"
},
"direction": "contextual",
"frequency": "annual",
"metric_id": "82a89136-2f44-4cd4-b53e-1516ab3edbb6",
"change_pct": -0.001741,
"consistent": false,
"relationship_ids": []
},
{
"via": "category",
"name": "Labor hours per 100 gallons of gasoline",
"slug": "labor-hours-per-100-gallons-gasoline",
"unit": "hours",
"change": 0.306,
"latest": {
"id": 404553,
"value": 10.75,
"period": "2026-08-01"
},
"previous": {
"id": 404552,
"value": 10.444,
"period": "2026-07-01"
},
"direction": "lower_better",
"frequency": "monthly",
"metric_id": "505c96a1-c55d-4042-beaf-d63e5a71a9d1",
"change_pct": 0.029299,
"consistent": true,
"relationship_ids": []
},
{
"via": "category",
"name": "Labor hours per CPI basket, indexed to 2007",
"slug": "labor-hours-cpi-basket-indexed",
"unit": "hours per 2007 hour-basket",
"change": 0.0012,
"latest": {
"id": 410384,
"value": 0.8925,
"period": "2026-08-01"
},
"previous": {
"id": 404307,
"value": 0.8913,
"period": "2026-07-01"
},
"direction": "lower_better",
"frequency": "monthly",
"metric_id": "26090d82-eb1a-4f52-b3d3-9e6c055bf386",
"change_pct": 0.001346,
"consistent": true,
"relationship_ids": []
},
{
"via": "category",
"name": "Labor hours per MWh of residential electricity",
"slug": "labor-hours-per-mwh-residential",
"unit": "hours",
"change": -0.114,
"latest": {
"id": 404796,
"value": 4.919,
"period": "2026-05-01"
},
"previous": {
"id": 404795,
"value": 5.033,
"period": "2026-04-01"
},
"direction": "lower_better",
"frequency": "monthly",
"metric_id": "0d9e7a8c-c5b8-4155-ac5d-6c74f1cdfc26",
"change_pct": -0.022651,
"consistent": false,
"relationship_ids": []
},
{
"via": "category",
"name": "Labour productivity, GDP per hour worked (OECD)",
"slug": "oecd-labour-productivity",
"unit": "US dollars per hour, current prices and PPPs",
"change": 4.624897,
"latest": {
"id": 391708,
"value": 104.74444383172305,
"period": "2025-01-01"
},
"previous": {
"id": 391346,
"value": 100.11954674550107,
"period": "2024-01-01"
},
"direction": "higher_better",
"frequency": "annual",
"metric_id": "14f047af-6436-4151-a5f6-fcbf34de0e12",
"change_pct": 0.046194,
"consistent": true,
"relationship_ids": []
},
{
"via": "category",
"name": "NASA contract obligations",
"slug": "us-nasa-contract-obligations",
"unit": "US dollars",
"change": 768506274.890001,
"latest": {
"id": 410491,
"value": 15784606318.28,
"period": "2024-10-01"
},
"previous": {
"id": 272321,
"value": 15016100043.39,
"period": "2023-10-01"
},
"direction": "contextual",
"frequency": "annual",
"metric_id": "10614e97-5db2-4807-a47d-3d8cba1c78f0",
"change_pct": 0.051179,
"consistent": true,
"relationship_ids": []
},
{
"via": "category",
"name": "Real GDP growth (IMF WEO)",
"slug": "imf-real-gdp-growth",
"unit": "percent change",
"change": -0.675786,
"latest": {
"id": 364346,
"value": 2.11733,
"period": "2025-01-01"
},
"previous": {
"id": 364345,
"value": 2.793116,
"period": "2024-01-01"
},
"direction": "higher_better",
"frequency": "annual",
"metric_id": "3f486056-35ad-46b2-b9b0-3a5dbc9f59ff",
"change_pct": -0.241947,
"consistent": false,
"relationship_ids": []
},
{
"via": "category",
"name": "US 10-year Treasury yield",
"slug": "us-treasury-10y-yield",
"unit": "percent",
"change": -0.07,
"latest": {
"id": 410439,
"value": 4.94,
"period": "2026-09-17"
},
"previous": {
"id": 410438,
"value": 5.01,
"period": "2026-09-16"
},
"direction": "contextual",
"frequency": "daily",
"metric_id": "5bb8a30e-60b5-4714-8cf1-68e55b6d798c",
"change_pct": -0.013972,
"consistent": false,
"relationship_ids": []
},
{
"via": "category",
"name": "US Department of Defense contract obligations",
"slug": "us-dod-contract-obligations",
"unit": "US dollars",
"change": 46004094122.140015,
"latest": {
"id": 410479,
"value": 491768864237.58,
"period": "2024-10-01"
},
"previous": {
"id": 410478,
"value": 445764770115.44,
"period": "2023-10-01"
},
"direction": "contextual",
"frequency": "annual",
"metric_id": "f33c3a0a-6d95-4b5a-9bc8-4547e0a959b9",
"change_pct": 0.103203,
"consistent": true,
"relationship_ids": []
},
{
"via": "category",
"name": "US Department of Energy contract obligations",
"slug": "us-doe-contract-obligations",
"unit": "US dollars",
"change": 2505528173.959999,
"latest": {
"id": 272268,
"value": 48549338378.87,
"period": "2024-10-01"
},
"previous": {
"id": 272267,
"value": 46043810204.91,
"period": "2023-10-01"
},
"direction": "contextual",
"frequency": "annual",
"metric_id": "9687e167-4be6-45a1-a6e2-6929d88a7e5f",
"change_pct": 0.054416,
"consistent": true,
"relationship_ids": []
},
{
"via": "category",
"name": "US average hourly earnings, all private employees",
"slug": "us-average-hourly-earnings",
"unit": "US dollars per hour",
"change": 0.1,
"latest": {
"id": 393725,
"value": 37.75,
"period": "2026-08-01"
},
"previous": {
"id": 393724,
"value": 37.65,
"period": "2026-07-01"
},
"direction": "contextual",
"frequency": "monthly",
"metric_id": "da2cb02b-0f15-4e4d-8953-b978752e4a17",
"change_pct": 0.002656,
"consistent": true,
"relationship_ids": []
},
{
"via": "category",
"name": "US consumer price index, all items",
"slug": "us-cpi",
"unit": "index 1982-1984=100",
"change": 1.318,
"latest": {
"id": 409148,
"value": 334.131,
"period": "2026-08-01"
},
"previous": {
"id": 167372,
"value": 332.813,
"period": "2026-07-01"
},
"direction": "contextual",
"frequency": "monthly",
"metric_id": "197dabaa-c643-4697-8166-7df2bb6634a9",
"change_pct": 0.00396,
"consistent": true,
"relationship_ids": []
},
{
"via": "category",
"name": "US federal contract obligations",
"slug": "us-federal-contract-obligations",
"unit": "US dollars",
"change": 37857092858.859985,
"latest": {
"id": 410487,
"value": 778527278102.61,
"period": "2024-10-01"
},
"previous": {
"id": 410486,
"value": 740670185243.75,
"period": "2023-10-01"
},
"direction": "contextual",
"frequency": "annual",
"metric_id": "f502b65f-148c-4910-b047-2b598b52204b",
"change_pct": 0.051112,
"consistent": true,
"relationship_ids": []
},
{
"via": "category",
"name": "US federal funds effective rate",
"slug": "us-federal-funds-rate",
"unit": "percent",
"change": 0,
"latest": {
"id": 169072,
"value": 3.63,
"period": "2026-08-01"
},
"previous": {
"id": 169071,
"value": 3.63,
"period": "2026-07-01"
},
"direction": "contextual",
"frequency": "monthly",
"metric_id": "7b00454e-23ab-4f2c-9f7f-442fad83aa86",
"change_pct": 0,
"consistent": null,
"relationship_ids": []
},
{
"via": "category",
"name": "US federal heavy and civil engineering construction contract obligations",
"slug": "us-heavy-civil-construction-contract-obligations",
"unit": "US dollars",
"change": -1316030898.890001,
"latest": {
"id": 272304,
"value": 14122861977.9,
"period": "2024-10-01"
},
"previous": {
"id": 272303,
"value": 15438892876.79,
"period": "2023-10-01"
},
"direction": "contextual",
"frequency": "annual",
"metric_id": "a2a21725-c6c9-4fab-9a91-046deb87d347",
"change_pct": -0.085241,
"consistent": false,
"relationship_ids": []
},
{
"via": "category",
"name": "US nonfarm payroll employment",
"slug": "us-nonfarm-payrolls",
"unit": "thousands of persons",
"change": 162,
"latest": {
"id": 178884,
"value": 159075,
"period": "2026-08-01"
},
"previous": {
"id": 178883,
"value": 158913,
"period": "2026-07-01"
},
"direction": "higher_better",
"frequency": "monthly",
"metric_id": "b9e3a2d5-74ef-4f7d-a83a-cfec4443f5ca",
"change_pct": 0.001019,
"consistent": true,
"relationship_ids": []
},
{
"via": "category",
"name": "US real GDP",
"slug": "us-real-gdp",
"unit": "billions of chained 2017 dollars, seasonally adjusted annual rate",
"change": 89.194,
"latest": {
"id": 182152,
"value": 24269.613,
"period": "2026-04-01"
},
"previous": {
"id": 182151,
"value": 24180.419,
"period": "2026-01-01"
},
"direction": "higher_better",
"frequency": "quarterly",
"metric_id": "9517d256-4618-4290-9379-ede3943f2977",
"change_pct": 0.003689,
"consistent": true,
"relationship_ids": []
},
{
"via": "category",
"name": "US real private fixed investment",
"slug": "us-private-fixed-investment-real",
"unit": "billions of chained 2017 dollars, seasonally adjusted annual rate",
"change": 76.028,
"latest": {
"id": 181431,
"value": 4551.12,
"period": "2026-04-01"
},
"previous": {
"id": 181430,
"value": 4475.092,
"period": "2026-01-01"
},
"direction": "higher_better",
"frequency": "quarterly",
"metric_id": "d56e357a-df9b-4479-a43e-dde2e6bbaf75",
"change_pct": 0.016989,
"consistent": true,
"relationship_ids": []
},
{
"via": "category",
"name": "US unemployment rate",
"slug": "us-unemployment-rate",
"unit": "percent",
"change": 0,
"latest": {
"id": 213832,
"value": 4.1,
"period": "2026-08-01"
},
"previous": {
"id": 213831,
"value": 4.1,
"period": "2026-07-01"
},
"direction": "lower_better",
"frequency": "monthly",
"metric_id": "bdce134c-6408-48ed-91b9-c32d0127124a",
"change_pct": 0,
"consistent": null,
"relationship_ids": []
}
],
"opposite": 7,
"comparable": 21,
"consistent": 14
},
"history": {
"count": 415,
"last_period": "2026-07-01",
"change_count": 414,
"first_period": "1992-01-01"
},
"version": "features_v1",
"previous": {
"id": 410391,
"value": 2742533,
"period": "2026-06-01"
},
"surprise": {
"note": null,
"scale": 5518.2372,
"robust_z": 3.2451,
"mad_change": 3722,
"change_count": 413,
"scale_method": "mad",
"median_change": 4268,
"value_percentile": 1,
"abs_change_percentile": 0.9613
},
"geography": {
"id": "47c911a6-27c0-47d8-9471-9ac075e5be26",
"code": "USA",
"name": "United States"
},
"centrality": {
"value": 0,
"source": "none",
"entity_ids": [],
"entity_slugs": []
},
"acceleration": {
"note": null,
"long_slope": 10569.563636,
"long_window": 10,
"short_slope": 12753,
"short_window": 3,
"slope_divergence": 0.3957,
"second_difference": 18844,
"second_difference_z": 4.3234,
"long_observation_ids": [
165020,
165021,
165022,
165023,
165024,
165025,
165026,
165027,
410391,
410392
],
"short_observation_ids": [
165027,
410391,
410392
]
},
"series_window": [
{
"id": 164990,
"value": 2585390,
"period": "2023-04-01"
},
{
"id": 164991,
"value": 2580863,
"period": "2023-05-01"
},
{
"id": 164992,
"value": 2577918,
"period": "2023-06-01"
},
{
"id": 164993,
"value": 2573912,
"period": "2023-07-01"
},
{
"id": 164994,
"value": 2580885,
"period": "2023-08-01"
},
{
"id": 164995,
"value": 2587291,
"period": "2023-09-01"
},
{
"id": 164996,
"value": 2583446,
"period": "2023-10-01"
},
{
"id": 164997,
"value": 2577995,
"period": "2023-11-01"
},
{
"id": 164998,
"value": 2591108,
"period": "2023-12-01"
},
{
"id": 164999,
"value": 2585336,
"period": "2024-01-01"
},
{
"id": 165000,
"value": 2594839,
"period": "2024-02-01"
},
{
"id": 165001,
"value": 2590962,
"period": "2024-03-01"
},
{
"id": 165002,
"value": 2599646,
"period": "2024-04-01"
},
{
"id": 165003,
"value": 2611183,
"period": "2024-05-01"
},
{
"id": 165004,
"value": 2618815,
"period": "2024-06-01"
},
{
"id": 165005,
"value": 2628273,
"period": "2024-07-01"
},
{
"id": 165006,
"value": 2635958,
"period": "2024-08-01"
},
{
"id": 165007,
"value": 2637086,
"period": "2024-09-01"
},
{
"id": 165008,
"value": 2640959,
"period": "2024-10-01"
},
{
"id": 165009,
"value": 2646596,
"period": "2024-11-01"
},
{
"id": 165010,
"value": 2638369,
"period": "2024-12-01"
},
{
"id": 165011,
"value": 2649512,
"period": "2025-01-01"
},
{
"id": 165012,
"value": 2653219,
"period": "2025-02-01"
},
{
"id": 165013,
"value": 2656006,
"period": "2025-03-01"
},
{
"id": 165014,
"value": 2654533,
"period": "2025-04-01"
},
{
"id": 165015,
"value": 2654351,
"period": "2025-05-01"
},
{
"id": 165016,
"value": 2659603,
"period": "2025-06-01"
},
{
"id": 410390,
"value": 2663019,
"period": "2025-07-01"
},
{
"id": 165018,
"value": 2663591,
"period": "2025-08-01"
},
{
"id": 165019,
"value": 2670511,
"period": "2025-09-01"
},
{
"id": 165020,
"value": 2676595,
"period": "2025-10-01"
},
{
"id": 165021,
"value": 2677084,
"period": "2025-11-01"
},
{
"id": 165022,
"value": 2676717,
"period": "2025-12-01"
},
{
"id": 165023,
"value": 2676882,
"period": "2026-01-01"
},
{
"id": 165024,
"value": 2686289,
"period": "2026-02-01"
},
{
"id": 165025,
"value": 2712902,
"period": "2026-03-01"
},
{
"id": 165026,
"value": 2728142,
"period": "2026-04-01"
},
{
"id": 165027,
"value": 2739202,
"period": "2026-05-01"
},
{
"id": 410391,
"value": 2742533,
"period": "2026-06-01"
},
{
"id": 410392,
"value": 2764708,
"period": "2026-07-01"
}
],
"forecast_impact": {
"value": 0,
"source": "not_wired"
},
"public_attention": {
"value": 0,
"source": "not_wired"
},
"bottleneck_impact": {
"value": 0,
"source": "not_wired"
}
}Component labels: Statistical surprise, Acceleration, Breadth, Graph centrality, Forecast impact, Bottleneck impact, Historical rarity, Public attention. Each stored score keeps this packet so it can be recomputed without the database.