We expect a top-line gain in total employment of roughly 120,000 jobs, which is approximately 80,000 below what our model would otherwise imply. … READ MORE >
USA
Initial jobless claims fall despite hurricane’s impact
Total initial claims dropped to 227,000 from 242,000 for the week ending Oct. 18, the Labor Department reported on Thursday. … READ MORE >
How tax-exempt hospitals can prepare for increased IRS scrutiny
Nonprofit hospitals are facing heightened scrutiny over their tax-exempt status as regulators and lawmakers consider whether the benefits these hospitals provide to their communities justify the tax exemptions they receive. … READ MORE >
5 things to know in life sciences: Week of October 14, 2024
Competition continues to increase in the obesity treatment space. This and more in this week’s life sciences update. … READ MORE >
Housing starts and permits ease in September
September’s housing starts came in at 1.35 million, down 0.5% from August, while building permits, a proxy for future projects, fell 2.9% to 1.4 million. … READ MORE >
September retail sales top forecasts
Retail sales for all items increased by 0.4% while the control group grew by 0.7% in September. … READ MORE >
American outperformance in the global economy
The U.S. economy is outperforming in growth and employment, and in controlling inflation, without causing the economy to fall into an extended period of slow growth. It’s a remarkable policy achievement. … READ MORE >
5 things to know in life sciences: Week of October 7, 2024
Each week we highlight five things affecting the life sciences industry. Here’s the latest. FDA approves at-home COVID/flu combo test for fall season The U.S. Food and Drug Administration has approved an at-home test by Healgen that detects both COVID-19 and influenza A and B, marking a significant milestone in … … READ MORE >
Producer price index implies further disinflation
The lower-than-expected producer inflation report released on Friday should offset some of the upside surprises from the consumer inflation data released on Thursday. … READ MORE >
U.S. CPI: Further evidence of disinflation supports another rate cut
We expect the Fed to keep its eyes on preserving full employment amid general price stability, which points to a further reduction in interest rates throughout the remainder of the year … READ MORE >