Tag: US
Record low EI recipients in Canada; US initial claims decrease
In March, 388,000 Canadians received regular Employment Insurance (EI) benefits, little changed from February. The number of regular EI recipients in March 2023 was the lowest on record (outside of the period when the...
US Jobless Claims Reach Highest Level Since October 2021
According to the US Department of Labor news release in the week ending May 6, the advance figure for seasonally adjusted initial claims was 264,000, an increase of 22,000 from the previous week's unrevised...
Retail keeping pace in spite of underwhelming CPI figures
According to the US Department of Labor, in the week ending February 11, the advance figure for seasonally adjusted initial claims was 194,000, a decrease of 1,000 from the previous week's revised level. The...
Australia raises rates, ECB inflation woes continue.
The Board of the Reserve Bank of Australia decided to increase the cash rate target by 50 basis points to 1.35 per cent. It also increased the interest rate on Exchange Settlement balances by...
Inflation is still a main worry for large economies
Per the released ECB Monetary policy decisions the monthly net purchases under the APP will amount to €40 billion in April, €30 billion in May and €20 billion in...
Job numbers in US, Canada slowly getting better. EU numbers revised down
In Canada total employment rose by 73,000 (+0.4%) in March, driven by an increase of 93,000 (+0.6%) in full-time work. In the six months since September 2021, when employment first returned to its pre-pandemic...
US private sector speeds up as demand increases and supply issues improve
In the US the seasonally adjusted data for unemployment insurance weekly claims came out.
In the week ending March 19, the advance figure for seasonally adjusted initial claims was 187,000, a decrease of 28,000 from...
Major economies start to grapple inflation as tapering seems imminent
Per the FED press release from March the 16th, The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. With appropriate firming in the stance...
Crushing labor data in Canada, US jobs not great
In Canada employment fell by 200,000 (-1.0%) in January and the unemployment rate rose 0.5 percentage points to 6.5%.
The number of people who were employed but worked less than half their usual hours rose...
FED hike may be negative for future fast growth expectations as market cools
The US Federal Reserve has made strong signals that they intend to start tightening the official borrowing rate this year, starting with March. Investors expect that the meeting on...
