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  • Euro Zone Kicked Off the Second Quarter With Industrial Weakness

    From bnnbloomberg.ca

    Euro-zone industrial production unexpectedly fell at the start of the second quarter, casting a shadow over the economy’s pickup this year from its poor performance in 2023. Output fell 0.1% in April from the previous month, which was revised lower to a 0.5% gain, Eurostat said in Luxembourg on Thursday. Economists expected a 0.2% increase, according to the median of 29 estimates. The outcome leaves the euro-zone economy leaning more heavily on services to continue its recovery after a growth spurt in the first quarter. The European Commission forecasts expansion of 0.8% in 2024, double the pace of last year. While ... (full story)

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    US Unemployment Insurance Weekly Claims Report

    From dol.gov|Jun 13, 2024|7 comments

    In the week ending June 8, the advance figure for seasonally adjusted initial claims was 242,000, an increase of 13,000 from the previous week's unrevised level of 229,000. The ...

    US Producer Price Index - May 2024

    From bls.gov|Jun 13, 2024|17 comments

    The Producer Price Index for final demand declined 0.2 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices increased 0.5 ...

    Yellen: We are creating jobs at a very rapid pace

    From @DeItaone|Jun 13, 2024|7 comments

    post: YELLEN: WE ARE CREATING JOBS AT A VERY RAPID PACE post: U.S. TREASURY'S YELLEN: **LABOR MARKET NOW RESEMBLING PRE-PANDEMIC **WAGES ARE NOT A THREAT TO CONTRIBUTE TO INFLATION **A SIGNIFICANT SHARE OF REMAINING INFLATION REPRESENTS HOUSING COSTS RETURNING TO NORMAL SLOWLY post: U.S. TREASURY'S YELLEN: SUBSTANTIAL LOCK-IN EFFECT IS LIMITING SUPPLY OF HOMES ON THE MARKET post: US TREASURY SECRETARY YELLEN: IF THE DEBT IS STABILISED RELATIVE TO THE SIZE OF THE ECONOMY, THEN WE'RE IN A REASONABLE PLACE.

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