Canada’s unemployment rate rose to 5.5%, the third consecutive increase for the first time since March 2020, the onset of the pandemic. … READ MORE >
Blog
U.S. July jobs report: Gradual and orderly cooling in the labor market
The 187,000 net change in total employment and a 3.5% unemployment rate in July show cooling demand by firms as the economy grows near its 1.8% long-term trend. … READ MORE >
5 things to know in life sciences: Week of July 31, 2023
From a wearable ultrasound scanner to a tiny robot for potential early lung cancer detection, each week we highlight what’s happening in life sciences. … READ MORE >
Service sector growth eases in July
The Institute for Supply Management’s index for services inched down to 52.7 in July from 53.9 in June, indicating expansion for the seventh straight month. … READ MORE >
Fed survey of loan officers shows rising impact of higher interest rates
The Federal Reserve’s latest survey of bank lending officers confirms that the dampening effect of monetary-policy tightening on borrowing and lending continued in the second quarter. … READ MORE >
RSM US Manufacturing Outlook Index: A continued decline in July
The RSM US Manufacturing Outlook Index slipped back to 1.8 standard deviations below normal, the 15th consecutive month of negative values. … READ MORE >
New data points to further economic slowdown and disinflation
Job openings fell to 9.58 million in June, the lowest since April 2021, according to government data released on Tuesday. … READ MORE >
Back-to-school outlook: Channel surfing bargains
Back-to-school consumers are mindful of bargains and the various channels to find the best deals. … READ MORE >
RSM US Financial Conditions Index moving toward neutral
With the money market at normal levels of risk, and with surging equities balancing out the caution displayed in the bond market, our composite financial conditions market is fast approaching neutral. … READ MORE >
Where are we going to find the workers? A look at child care and the workforce
As the American economy contends with a chronic shortage of workers, there is a solution: Women in their prime working years. But that will require accessible and affordable child care. … READ MORE >