The 40-day strike at General Motors may have been resolved, but its broader impact on the economy will become evident when key data on the U.S. labor market is released on Friday. We expect the U.S. employment report to show a net increase of 75,000 in total employment, well below the three-month ... READ MORE >
General Motors strike
Start watching initial jobless claims as economy slows
Signals implying the slow demise of the decade-long economic recovery include the rising number of claims for unemployment insurance benefits. While we do not believe there is imminent risk of an explosion in demand for first-time benefits, once the pace of firings rises above 250,000 it likely marks an ... READ MORE >