The Canadian economy added 10,100 jobs in November, easing some of the concerns over an overheating labor market after a blockbuster October jobs report. … READ MORE >
Blog
Manufacturing sector nears contraction
The ISM’s manufacturing index slowed to 49%, barely above the contraction threshold at 48.7%. It was the third straight decline as demand for manufactured goods stalled. … READ MORE >
Spending holds strong as inflation moderates in October
Spending rose by 0.8% in October while income increased by 0.7%. After adjusting for inflation, real spending rose by 0.5% and income was up by 0.4%. … READ MORE >
Job openings and quits continue to moderate
There remained 1.7 job vacancies per unemployed worker, significantly higher than 2019’s average of 1.2. … READ MORE >
Consumer products holiday season insights: Thanksgiving holiday sees consumers continue to spend
Over the Thanksgiving weekend, consumers showed they are not yet ready to pull back on robust spending. … READ MORE >
RSM US Manufacturing Outlook Index: Sentiment sours even as activity remains stout
Our composite measure of manufacturer surveys conducted by five regional central banks indicates that manufacturing activity remains at 1.6 standard deviations below normal. … READ MORE >
Defense tech sees higher demand mixed with supply and labor challenges
Defense technology executives say strained supply chains remain the biggest challenge to meet growing demand. Wages, component price increases and inflation threaten profit margins. Industry executives are defending those margins through operational transformation and cost optimization. … READ MORE >
Consumer confidence drops as outlook darkens
The Conference Board’s confidence index dipped to 100.2 in November from 102.2 in the prior month, significantly below the pre-pandemic level at 130. … READ MORE >
The post-pandemic era and the end of hyper-globalization
The American economy is in the midst of a long-lasting structural change following the severe shocks unleashed by the pandemic. … READ MORE >
Globalized manufacturing enters a new era
Globalization is not dead, but the makeup of its participants has shifted and the rules of global trade continue to be rewritten as businesses diversify where they source and make their goods. … READ MORE >