First-time claims for unemployment benefits increased to 224,000 Last week, in line with the 13-week moving average of 226,000. … READ MORE >
Economics
Morning market minute: The mystery of rising long-term unemployment
But there a mystery amid today’s strong labor market: Longer-term unemployment of greater than 27 weeks is on the rise. … READ MORE >
ISM service sector survey: Solid expansion continues
With the labor market at full employment and wages growing above inflation, the American service sector is likely to outperform heading into the critical holiday shopping season. … READ MORE >
Morning market minute: Return of the term premium on Treasury notes
While the term premium is modest, given the changing policy matrix amid a strong economy, we expect yields in the new year to move to 4.5% with risk of a move to 5% or higher. … READ MORE >
October job openings surge as labor market shows resilience
Total job openings in October rose to 7.74 million from 7.37 million, the Bureau of Labor Statistics reported on Tuesday. … READ MORE >
Servicing external debt in a strong-dollar environment
The dollar’s strength is coming at price for emerging markets, which must pay more to service their external debt. … READ MORE >
Global currency reserves: BRIC economies not supplanting U.S. any time soon
O about $12.5 trillion in total global currency reserves, China accounts for but a fraction with $245 billion. The United States, by contrast, accounts for $6.67 trillion. … READ MORE >
Inflation proving stubborn as major policy changes await
given the looming fiscal and trade policy changes, it is growing more likely that the central bank will pause its rate-cutting campaign to ascertain their impact on the economy. … READ MORE >
Durable goods orders were mixed in October as Q3 GDP remained strong
Business spending on equipment was mixed in October, likely because of uncertainty over the direction of fiscal and monetary policies, the Commerce Department reported on Wednesday. … READ MORE >
Initial jobless claims remain stable at 213,000
First-time jobless claims remained remarkably stable at 213,000 as continuing claims increased to 1.9 million for the week ending Nov. 23. … READ MORE >