Initial jobless claims rose by 9.1% last week to 264,000, the most since 2021 as producer prices rebounded in April, largely because of comparisons to the surging prices a year ago. … READ MORE >
What would happen if the government defaults on its debt?
Policy brinksmanship over lifting the debt ceiling and the threat of default it brings is increasing the cost of doing business and carries far more risk than is commonly acknowledged. … READ MORE >
Canada added 41,400 jobs in April amid resilient labor market
The strong jobs report should get the attention of the Bank of Canada as it weighs its next move in June. … READ MORE >
Initial jobless claims post largest increase in six weeks
Initial jobless claims last week rose back up to 242,000 after a brief one-week drop, the Labor Department reported on Thursday. … READ MORE >
Job openings fell in March as the labor market softened
Job openings fell to 9.6 million in March from almost 10 million in February, a clear sign that the labor market is softening as the economy slows down. … READ MORE >
Canadian recession tracker: Preparing for landing
A recession, albeit mild and brief, is most likely on the horizon. Our forecast puts the chance of a recession at 60% by the middle of the year, with the downturn hitting the economy unevenly. … READ MORE >
Fed’s gauges on wages and inflation seal the deal on another rate hike
The Federal Reserve’s key labor costs metric for the first quarter came in hotter than expected, helping to seal the deal on another rate hike in May, while raising the probability of another one in June. … READ MORE >
Business spending on equipment falls more than expected
Orders and shipments of core capital goods that exclude defense and aircraft spending, a key measure of private business investment, both fell by 0.4% in March. … READ MORE >
Consumer confidence drops to lowest level since July 2022
Consumer confidence in April dipped to the lowest level since last July, driven by the deterioration in economic expectations as recession concerns mount. … READ MORE >
Initial jobless claims rise amid labor market slowdowns
New claims, which are a proxy for layoffs, increased by 2.1% to 245,000 for the week ending April 15—about 12.9% higher than a year ago. … READ MORE >









