The yield on 10-year Treasury bonds has dropped nearly 25 basis points to below 1.5%, touching 1.42% overnight on June 11 from its recent peak of 1.74% on March 31. … READ MORE >
coronavirus
CHART OF THE DAY: Initial jobless claims continue downward trend
Initial jobless claims continued to decelerate for the sixth straight week as the labor market slowly normalizes, according to government data released Thursday. … READ MORE >
May CPI: Prices surge on strong base effects and economic reopening
We do not expect that these price increases will ease until the fall, when we expect that inflation will peak at just under 5% on a quarterly basis and then begin to ease back toward the Federal Reserve’s 2% target over the next year. … READ MORE >
RSM Canada Financial Conditions Index: Accommodation to continue while economy recovers
The Bank of Canada reiterated its intention to maintain an accommodative monetary policy stance as the economy continues to recover and financial conditions remain one standard deviation above neutral. … READ MORE >
CHART OF THE DAY: April JOLTS data shows tightening in the labor market, but it’s nothing new
The federal government’s job openings and labor turnover data for April, also known as JOLTS, implies that while the labor market has tightened, this is nothing new. … READ MORE >
UK economic chartbook: Consumers gain more confidence
Mass vaccinations have stimulated a revitalization of the domestic U.K. economy in recent months, which is resulting in a rapid normalization of consumer behavior. … READ MORE >
Pandemic pressures leave women struggling to regain lost ground on jobs
During the pandemic, women have taken the brunt of the damage to the labor force, whether in the form of losing their jobs or working triple-duty at home with child care and education on top of their work obligations. … READ MORE >
CHART OF THE DAY: Duration of unemployment suggests patience by the Fed
Among mounting signs of recovery from the pandemic and recession, it’s taking longer for out-of-work members of the labor force to find employment. It now takes almost 30 weeks on average to find a job, with a median of more than 19 weeks. … READ MORE >
May employment report: Job gains accelerate, adding 559,000
The American labor market showed improved signs of life in May, adding 559,000 jobs along with an upward revision that added 27,000 jobs to the April figure, which now stands at 586,000. In many respects, this a Goldilocks number — not too hot and not too cold. … READ MORE >
RSM UK Financial Conditions Index: A third month of stability in May
The RSM U.K. Financial Conditions Index implies that conditions are ripe to support a robust reopening of the British economy. … READ MORE >