Nonfarm Payrolls (NFP) in the US rose by 916,000 in March, the data published by the US Bureau of Labor Statistics showed on Friday. This reading followed February’s increase of 468,000 (revised from 379,000) and came in much better than the market expectation of 647,000.
Read More »US: Challenger Job Cuts Drop in March
Planned job cuts in the US-based employers dropped to 30,603 in March from 34,531 in February, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday. This reading represented an 86% decline from the 222,288 job cuts announced in the same month last year when businesses were …
Read More »US: Weekly Initial Jobless Claims Rise to 719K
There were 719,000 initial claims for unemployment benefits in the US during the week ending March 27, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 658,000 (revised from 684,000) and came in worse than the market expectation of …
Read More »US: Annual Core PCE Price Index Edges Lower in February
The Personal Consumption Expenditures (PCE) Price Index in February edged lower to 0.2% on a monthly basis and came in lower than the market expectation of 0.5%, the data published by the US Bureau of Economic Analysis showed on Friday. On a yearly basis, the PCE Price Index rose to …
Read More »US: Personal Income Falls by 7.1% in February, Personal Spending Drops
The US Bureau of Economic Analysis reported on Friday that Personal Income in February declined 7.1% on a monthly basis. This reading followed January’s impressive increase of 10.1% and came in slightly better than the market expectation for a decrease of 7.3%. Further details of the publication showed that Personal …
Read More »US: Weekly Initial Jobless Claims Decline to 684K
There were 684,000 initial claims for unemployment benefits in the US during the week ending March 20, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 781,000 (revised from 770,000) and came in much better than the market expectation …
Read More »US: Markit Manufacturing PMI Edges Higher in March
The IHS Markit’s Manufacturing PMI edged higher to 59 in March from 58.6 in February, revealing that the business activity in the manufacturing sector continued to expand at a robust pace. This reading came in slightly lower than the market expectation of 59.3.
Read More »US: Durable Goods Orders Decline in February
Durable Goods Orders in the United States declined by 1.1%, or $2.9 billion, in February to $254 billion, the data published by the US Census Bureau showed on Wednesday. This reading followed January’s increase of 3.5% and missed the market expectation of +0.8%.
Read More »Weekly Recap: 15-19 March
Weekly Recap: 15-19 March The third week of March was highlighted by major central bank meetings around the world, from the United States to England and Japan. In the U.S., the Federal Reserve decided to maintain interest rates unchanged near 0%, as well as the current pace of asset purchases …
Read More »US: Weekly Initial Jobless Claims Rise to 770K
There were 770,000 initial claims for unemployment benefits in the US during the week ending March 11, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 725,000 (revised from 712,000) and missed the market expectation of 700,000 by a …
Read More »