U.S. productivity and unit labor costs
Thursday Summary Notes
September 6, 2018
Several U.S. data reports were released. Productivity, which rose 1.1% in 2017, leaped 2.9% in the second quarter of 2018 and 1.3% from a year earlier. Unit labor costs fell 1.0% and were 1.9% higher than in 2Q17. Jobless insurance claims fell by 10K to 203K last week. ADP reported a lower-than-expected 163K estimated rise […] More
Market Disturbances
May 3, 2018
Share prices fell late yesterday in the wake of an FOMC statement that reinforced the possibility of faster, rather than slower, rate hike normalization. Overnight in the Pacific Rim, Japan’s string of Golden Week holidays resumed with Constitution Day, but stocks elsewhere fell 2.6% in Indonesia, 1.4% in Hong Kong, 1.1% in Singapore, 0.6% in […] More
Higher Service-Sector PMI Readings in the United States and Euroland Plus Comments on Other U.S. Statistics Released Today
December 5, 2012
The service-sector purchasing manager indices rose in November by 0.5 points in the United States and 0.7 points in the euro area. The spread between those readings narrowed marginally to +8.0 points as a result. Notably, U.S. services at 54.7 and comfortably above the 50 no-change level connotes non-stalling expansion, whereas Euroland’s 46.7 points to […] More
