The Peak In U.S. Unemployment
May 11, 2009
The jobless rate is considered a lagging economic indicator, meaning it should continue to crest in the early stages of an economic recovery as employees work longer hours before firms begin to rebuild head counts. The peak unemployment level was a critical assumption of the stress tests performed on the 19 key U.S. banks. An […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Fresh Banking Jitters
May 11, 2009
Risk aversion makes slight comeback on fresh jitters about stress test results. The dollar and yen are up. Stocks and commodities are down. The yen regained 0.4% against the dollar, which otherwise rose 0.8% against sterling, 0.7% relative to the Australian dollar, 0.3% against the Canadian dollar and euro, and 0.2% versus the Swiss franc. […] More
