Jobless Claims Drop Below Forecast, But Labor Market Softness Keeps Traders Cautious

Uncontrolled claims show a big fall from expectation Unknowingly initial claims fell to 206,937 – 2% decline of 7.6% compared to seasonal expectation. It overtook last year’s 210,050 level. The decline in raw numbers indicates real improvement in trimmed activity, especially when it is believed to fall with a decline in unemployment without insured, which…

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U.S. Adds 177K Jobs, But 0.2% Wage Gain and 1.7M Long-Term Jobless Raise Concerns

More information in our economic calendar.Focus The wholesale to hire was concentrated in healthcare (+51,000), transport and warehousing (+29,000), and financial activities (+14,000). These areas performed better than recent trends, with transport rebounding after a cool march. Financial services increased its recovery, while social aid slowed down to +8,000, which is lower than the former…

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US-China Trade War: China Gains Leverage as US GDP Contracts and Trade Tensions Mount

Robin Brooks, Senior partner at Brookings Institute, Comment, “The United States spent a conversation with itself on China’s tariff this week, called them unstable and said they would come down. Meanwhile, China keeps the yuan stable, portrays itself as stable and estimated. China exploits the uncertain American policy for Max. This business war is winning…

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