Economists are closely watching as consumer spending may have slowed down in August, following a stronger-than-expected performance in July. According to estimates from FactSet, retail sales are projected to have increased by only 0.1% in August compared to the previous month. This marks a significant deceleration from July's growth of 0.7%. The deceleration in retail sales … [Read more...] about Slowing Consumer Spending Raises Concerns
Unemployment
US Unemployment Claims Climb to 11-Week High
Source: US Labor Department Jobless claims in the United States rebounded in the last week of April, hitting the highest level in 11 weeks. QQQ is down 3.97%, while SPY is down 2.84% Seasonally adjusted initial claims for the week ending April 30 stood at 200,000, marking an increase of 19,000 from the previous week’s 181,000.This is the highest reading in over two months … [Read more...] about US Unemployment Claims Climb to 11-Week High
EU, Eurozone Unemployment Ease in March
Source: Eurostat Unemployment in both the eurozone and the European Union eased slightly in March, equivalent to some 13.374 million individuals in the area. EZU is up 0.50%, VGK is up 0.67%. The seasonally-adjusted unemployment rate for the euro area stood at 6.8%, down from 6.9% recorded in February and 8.2% the same month last year.This is equivalent to 11.274 million … [Read more...] about EU, Eurozone Unemployment Ease in March
Jobless Claims Climb to Five-Week High
Source: US Labor Department Unemployment claims in the United States rebounded in the first full week of April, hitting the highest level in five weeks. DXY is up 0.36%, while Gold is down 0.24%. Seasonally adjusted initial claims increased by 18,000 to 185,000 from the previous week’s upward revised level of 167,000. This is the highest since March 5’s 198,000.The … [Read more...] about Jobless Claims Climb to Five-Week High
US Unemployment Claims Fall Back to 166,000
Source: US Labor Department US unemployment claims retreated in the last week of March, following the increase recorded in the previous week. DXY is down 0.04%, while Gold is up 0.34%. Seasonally adjusted initial claims fell by 5,000 to 166,000 from the previous week’s downward revised 171,000.The latest reading is equivalent to claims recorded in the week ending March … [Read more...] about US Unemployment Claims Fall Back to 166,000
