The net change in Canada’s total employment dropped to 21,800 from a whopping 150,000 increase in January yet remained above the expectations of only 10,000. … READ MORE >
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5 things to know in life sciences: Week of March 6, 2023
From new manufacturing investments to the thriving dog population of Chernobyl, each week we highlight what’s affecting life sciences. Here’s the latest. … READ MORE >
U.S. job creation remains robust, implying more aggressive rate hikes
February showed a 311,000 net change in total employment amid a 3.6% unemployment rate and 4.6% increase in average hourly earnings on a year-ago basis. … READ MORE >
This week in energy: Solar headwinds, Willow project, Gulf Coast LNG
In this week’s energy industry roundup, we examine headwinds for the solar industry, the Willow oil project in Alaska and liquefied natural gas facilities along the U.S. Gulf Coast. … READ MORE >
Rising uncertainty stimulating a flight to cash
With the U.S. two-year yield now exceeding 5% and the Federal Reserve’s repo facility offering a return of 4.5%, capital is flowing into short-term securities in search of safety and yield. … READ MORE >
Initial jobless claims spike to highest level since December
New claims for jobless benefits last week came in hotter than expected at 211,000, significantly higher than the 190,000 of the previous week. … READ MORE >
The debt ceiling stand-off: Frequently asked questions
What exactly is the debt ceiling, and other frequently asked questions. … READ MORE >
Job openings remained plentiful in January, adding to pressure on the Fed
January’s job openings—a proxy for labor demand—fell to 10.8 million from an upwardly revised 11.2 million in December. … READ MORE >
RSM US Financial Conditions Index tightens as market sees a hard landing
The RSM US Financial Conditions Index inched down to 0.6 standard deviations below neutral as policymakers, investors and firm managers prepare for a period of higher interest rates and persistent inflation. … READ MORE >
February’s jobs report is likely to generate more questions than answers
We expect a net change in total employment of 310,000 when the jobs data for February is released on Friday, with many of the gains attributable to seasonal fluctuations in hiring. … READ MORE >