US Weekly Jobless Claims Remain High The number of Americans filing for unemployment benefits rose by 860 thousand in the week ended September 12th, compared to 893 thousand in the previous period and above market expectations of 850 thousand. It was the third consecutive week with claims below 1 million, but the number remained well…

The unemployment rate in Japan edged up to 2.9 percent in July 2020 compared to 2.8 percent in the prior month and market expectations of 3 percent. It was still the highest jobless rate since May 2017 and is higher than the 2.2 percent in the same month of the previous month. The number of…

A new round of Brexit talks will resume next week after negotiations in August ended without any progress on key issues. On the economic data front, monthly GDP is expected to ease in July, on the back of a slowdown in industrial activity due to a smaller gain in manufacturing production. Balance of trade, construction…

Jump after the NFP US Payrolls Increase by 1.37M and Jobless Rate Beats Forecasts The US economy added 1.371 million jobs in August, easing from a downwardly revised 1.734 million in the previous month, and only slightly below forecasts of 1.4 million. That leaves payrolls near 11 million below its pre-pandemic level as more than…

Why Global Currency Wars Aren’t as Dangerous as They Sound By Kimberly Amadeo A currency war is when a country’s central bank uses expansionary monetary policies to deliberately lower the value of its national currency. This strategy is also called competitive devaluation. In 2010, Brazil’s Finance Minister Guido Mantega coined the phrase “currency war.” He was describing…

Starting week 35