Jobless Claims Hit 221K, But Insured Unemployment Rise Sparks Concern

State-level trends and regional trimming State-level data reveals the conditions of the labor market mixed. The most significant increase in early claims was described in Massachusetts (+3,808), Road Island (+2,081), and Illinois (+1,539), mainly due to pruning in education, transportation, construction and manufacturing. In contrast, Kentaki (-3,074), California (-2,657), and Tennessi (-2,550) saw the greatest…

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China NBS Manufacturing PMI Rebounds in February as US Tariffs Loom

In particular, the manufacturing sector expanded after a brief contract in January, the first contraction after Q3 2024. Manufacturing recovery and industry trends CN Wire highlighted major trends in February PMI data: The manufacturing sector saw the expansion of demand and production after a January contraction. Industries reporting PMI above 54.0 included non-Father metal smelting…

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China Stimulus: Banking Sector Shake-Up and AI Investments Fuel Market Optimism

However, improving household incomes and labor market conditions remains critical for sustaining consumer confidence. China’s consumer confidence index rose slightly from 86.2 in November to 86.4 in December, hovering just above the November 2022 record low of 85.5. Recent government pledges could support a shift in sentiment and spending appetite. On February 10, Beijing announced…

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gift a book More Than a Motorcycle: The Royal Enfield Bullet Story