Source: Bureau of Labor Statistics The United States opened 2022 with lower job openings, as hires and separations increased in January. Total openings for January stood at 11.263 million, lower than the 11.448 million in December but higher than the 7.232 million the same month in 2021.The private sector accounted for 10.234 million, with the highest in education and … [Read more...] about US Openings Decline in January as Hires and Separations Climb
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Mortgage Rates Fall for the First Time in 12 Weeks
Source: CNBC Mortgage rates slipped and ended the months of successive increases, following the rising tensions between Russia and Ukraine drove a run on the safer bond markets. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to 4.09% from 4.15%.Points for loans with a 20% was unchanged at 0.44, with the rate at 83 … [Read more...] about Mortgage Rates Fall for the First Time in 12 Weeks
US Wholesale Inventories Rise by 0.8% in January
Source: Census Bureau The US recorded total inventories of merchant wholesalers of $799.9 billion in January, up by 0.8% from the previous month. SPY is down -0.73%, DXY is down -0.12%. Compared to January 2021, the total inventories were up by 18.1%.The gain happens slower compared to sales of merchant wholesalers, which ticked higher by 4.0% in January from December to … [Read more...] about US Wholesale Inventories Rise by 0.8% in January
US Trade Deficit Jumps to a Record $89.7 Billion in January 2022
Source: Bureau of Economic Analysis The US goods and services deficit was posted at a record $89.7 billion in January, up by $7.7 billion from December. SPY is down -0.037%, DXY is down -0.28%. The rise in trade deficit reflected a 1.2% gain in imports, which reached $314.1 billion against a 1.7% decline in exports which hit $224.4 billion.The January trade balance … [Read more...] about US Trade Deficit Jumps to a Record $89.7 Billion in January 2022
US Trade with China at its Fastest Rate amid Tensions and Covid Impacts
Source: Bloomberg US-China trade in goods is now at the fastest rate in years, defying long standing tariff wars and Covid-19 pandemic impacts. USDCNY is down -0.03% On a monthly basis, two-way trade between the two countries fell to $19 billion in February 2020, but has rebounded to new records in the past year.Currently, about half of the $259 billion goods from … [Read more...] about US Trade with China at its Fastest Rate amid Tensions and Covid Impacts
