Giving Tuesday is a global campaign to engage and encourage communities to support nonprofits. Traditionally the Tuesday after Thanksgiving (following consumer-oriented Black Friday and Cyber Monday), it is among the most-anticipated days of the year for fundraisers and nonprofit industry analysts. A ... READ MORE >
USA
Hiring rebounded in November following weather-distorted October report
The American labor market bounced back in November with the creation of 227,000 jobs, a rebound from the hurricane-related distortions of October and further evidence that the labor market remains remarkably stable. Once one corrects for the noise in the data, the pace of hiring looks to be near ... READ MORE >
5 things to know in life sciences: Week of December 2, 2024
Each week we highlight five things affecting the life sciences industry. Here's the latest. How the Trump administration could affect the life sciences industry The incoming Trump administration may promote increased mergers and acquisitions activity in the biopharma sector due to a less restrictive ... READ MORE >
Morning market minute: Will wage growth moderate?
A look at U.S. wage growth ahead of the November U.S. jobs report to be released today should translate to a gain of 3.9% on a year-ago basis. We expect a net change in total employment of 220,000 positions, a 4.1% unemployment rate and a 0.3% increase in average hourly earnings. Solid job growth in ... READ MORE >
Initial jobless claims climb amid holiday volatility
First-time claims for unemployment benefits increased by 9,000 to 224,000 last week, in line with the 13-week moving average of 226,000 and a sign of a labor market where workers have a remarkable level of job security. With arrival of the holiday season, though, top-line claims will show volatility in ... READ MORE >
Morning market minute: The mystery of rising long-term unemployment
The American labor market by any definition remains strong and, in our estimation, stands at full employment. The numbers tell a story of resilience The unemployment rate has ranged between 3.4% and 4.3% over the past two years. The median duration of unemployment stands at 10 weeks, with initial ... READ MORE >
ISM service sector survey: Solid expansion continues
The U.S. service sector in November showed an expansion for the 51st month in the 54 months since the recovery from the pandemic began, according to the Institute for Supply Management’s services purchasing managers index released on Wednesday. With the labor market at full employment and wages growing ... READ MORE >
Morning market minute: Return of the term premium on Treasury notes
The yield on the 10-year Treasury is trading near 4.20%, which was the RSM year-end target, and has averaged 4.18% for the year through Dec. 3. And the yields are set to go higher. An economy with growth that could approach 3% with full employment, coupled with expectations of expansionary fiscal ... READ MORE >
October job openings surge as labor market shows resilience
The sharp increase in job openings in October reaffirmed our call that the weaknesses of recent months were short-lived. Most of the gains in vacancies came from the South, which was hit by Hurricane Milton. Total job openings in October rose to 7.74 million from 7.37 million, the Bureau of Labor ... READ MORE >
Servicing external debt in a strong-dollar environment
Strong U.S. economic growth, the advent of industrial policy and the arrival of expansionary fiscal policy next year have all caused the greenback to soar in value recently, with more increases on the way. But the dollar’s strength is coming at price for emerging markets, which must pay more to service ... READ MORE >