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👤Arthur Greene
🕔December 3, 2016
The Canadian economy added 10,700 new jobs last month driving the unemployment rate to 6.8 per cent, but the latest numbers raise questions about the quality of these new jobs.
The rise in employment bucked analysts’ forecasts for a loss of 20,000 jobs after two months of growth and reinforced expectations that the Bank of Canada will keep interest rates unchanged next week and for all of 2017.…
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👤Xinyang
🕔December 2, 2016
News Event
From Trading Economics: Non Farm Payrolls in the United States increased by 178 thousand in November of 2016, higher than downwardly revised 142 thousand in October and above market expectation of 175 thousand. Employment gains occurred in professional and business services and in health care.…
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Switerland GDP Unmoved In Q3
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👤Arthur Greene
🕔December 2, 2016
Gross domestic product was unchanged in the third quarter after expanding 0.6 percent a quarter ago. The economy was forecast to grow 0.3 percent.
The expenditure side breakdown of GDP showed that consumption contributed very little to growth. While investment underpinned growth, net trade had a negative effect.…
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👤Xinyang
🕔December 2, 2016
News Event
From Trading Economics: Switzerland’s economy unexpectedly showed no growth on the quarter in the September quarter of 2016, compared to a 0.6 percent growth in the previous three month while market expected a 0.3 percent expansion. While domestic demand supported the economy, the trade balance had a downward effect to growth.…
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👤Arthur Greene
🕔December 2, 2016
Australian retail sales beat expectations for a third consecutive month in October, an encouraging sign for the economy heading into Christmas.
The retail sales rose at a seasonally adjusted 0.5% to $25.616 billion, following a gain of 0.6% in September that was the fastest in over a year, the national statistics bureau reported Friday.…
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👤Xinyang
🕔December 2, 2016
News Event
From Trading Economics: Retail sales in Australia rose 0.5 percent month-on-month in October of 2016, compared to a 0.6 percent gain in September. It was the third straight month of gain and above market estimates of a 0.3 percent rise, driven by sales in food retailing (+0.6 percent from +0.2 percent in the prior month), other retailing (+0.8 percent from -0.1 percent), household goods retailing (+0.7 percent from 2.3 percent), retailing (+0.6 percent from +0.2 percent), and cafes, restaurants and takeaway food service (+0.4 percent from 1.0 percent ).…
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U.S Weekly Initial Unemployment Claims Intensifies
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👤Arthur Greene
🕔December 1, 2016
The number of Americans filing for unemployment benefits rose more than expected last week, hitting their highest level in five months, but the underlying trend remained consistent with a strengthening labor market.
In the week ending November 26, the advance figure for seasonally adjusted initial claims was 268,000, an increase of 17,000 from the previous week’s unrevised level of 251,000.…
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👤Arthur Greene
🕔December 1, 2016
November data pointed to a sustained acceleration in U.S. manufacturing growth, with production volumes and incoming new work both rising at the fastest pace since March 2015. Stronger demand patterns, especially from domestic clients, resulted in greater input buying and increased payroll numbers across the manufacturing sector.…
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👤Arthur Greene
🕔December 1, 2016
Eurozone unemployment rate declined to the lowest in more than eighty- seven months in October, reflecting strong momentum in the labor market despite weak economic growth.
The Eurozone unemployment rate declined to 9.8% for October from a revised 9.9% for September, which was originally reported as 10.0% and was also lower than the consensus forecast of 10.0% for the month.…
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👤Xinyang
🕔December 1, 2016
News Event
From Trading Economics: The Caixin Manufacturing PMI in China fell to 50.9 in November of 2016 from 51.2 in October but slightly higher than market consensus of 50.8. It was the fifth straight month of expansion, as output and new orders rose at a slower pace while new export orders were broadly stable and companies continued to shed staff, though at the weakest pace in 18 months.…
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