The condition of the US labour market is one of the hot topics in the ongoing “will they / won’t they” Fed rate hiking debate, and as Bloomberg’s Economic Surprises screen shows, this sector is the only area of the economy outperforming expectations of late.
Labour market indicators continue to impress, with employment indicators strong on many measures. Initial Jobless Claims have dropped to … Read the article
The euro area unemployment rate rose to 10.1% today, a level not seen since July 1998. But does the market place too much emphasis on this number?
Of course it is always important to keep a close eye on unemployment rates. Strong consumer demand is less likely to be inflationary if the unemployment rate is well above the non-accelerating inflation rate of unemployment (NAIRU) rather than close … Read the article
Hi everyone, I’m the new guy on board. I started at M&G last week but the rest of the team is already working really hard to find me a ridiculous nickname.
Yesterday morning, I saw a familiar face in the news. My macroeconomics professor at LSE, Christopher Pissarides, had just won the Nobel Prize in economic sciences (jointly with Dale Mortensen and Peter Diamond). On top of being an exception… Read the article
It’s that time of year once again – school holidays are over and the children are going back to work. This feels very much the same in the grown up (?) world of investment. This year’s questions and tests look as though they are going to be trickier than usual. After all, the financial headmaster Ben Bernanke has just warned that conditions are unusually uncertain.
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The move from the summer lul…