$BIRTH is a monthly index of realized US births, published well ahead of federal releases and built to financial benchmark standards, anchoring DMX's capital markets demographic suite.
Institutions pricing decades-long liabilities, from pension funds to insurers to labor-intensive corporates, have never had a fertility signal built to the standard their decisions actually require: timely, rigorously governed, and licensable rather than a static report. $BIRTH exists to close that gap, as the anchor of a broader family of indices measuring the forces shaping tomorrow's labor market.
The index is built directly from official state vital records, the same underlying source behind federal birth statistics, reached through direct data partnerships rather than reconstructed from proxies or survey estimates.
Published well ahead of federal releases, so decisions aren't made on stale numbers.
Built to a published methodology with disclosed limitations, not a black box.
Versioned, revision-logged, and governed to a standard built for institutional and regulatory scrutiny.
API-first delivery built for direct use in Python, R, and Snowflake environments, with the reliability an institutional workflow requires.
The tiered model creates distinct asset classes at different price points, from systematic quant funds running daily API calls to regional real estate developers running quarterly board reports.
Monthly official $BIRTH print plus daily research nowcast via API. National index value and revision log access under institutional-grade security controls. Regional deltas and historical backtest files available as add-ons.
Quant funds · Bloomberg Terminal
Macro economists ·
Academic research
State-level birth indices with MSA and county overlays, plus the S-series forward labor supply legs at 5, 10, and 20 year horizons. API access plus monthly PDF summary for board-level reporting.
Real estate developers · Regional insurers
State
pension consultants · Healthcare systems
The full Net Labor Capacity family: NLC-5/10/20 scarcity composites, both demand series, the Displacement Realization Ratio, dedicated analyst access, and priority access to new products as they launch.
Macro hedge funds · Sovereign wealth funds
Investment
banks · Global pension consultants
Realized births converted into a forward measure of labor supply at five, ten, and twenty year horizons. The clearest read available today on how many workers the economy will actually have.
A forward measure of labor demand as AI reshapes how much work is actually needed, alongside a signal for how much of that shift is showing up in practice rather than projection.
Demand relative to supply at each horizon: a forward gauge of labor scarcity, which is to say wage pressure. Above 100, tightening; below 100, surplus.
Onboarding anchor data clients now. If you're a quant fund, real estate developer, insurer, or institutional investor in the demographic space, reach out directly.
$BIRTH and the Net Labor Capacity Index Family are proprietary data products of DMX Analytics Inc., a Delaware corporation. Website is informational only and does not constitute an offer to sell securities.