The recent spike in unemployment in July has raised concerns among economists and investors regarding the state of the US labor market. According to Arch Capital Chief Global Economist Parker Ross, the increase in unemployment cannot be attributed to Hurricane Beryl, and there is no clear common theme across the key drivers of unemployment in
Forecasts
When it comes to online trading, it is essential to understand the importance of due diligence. The content provided on trading websites should be viewed as educational and research-based, rather than as direct recommendations for action. It is crucial for individuals to perform their own due diligence checks, exercise their discretion, and seek advice from
The ISM Manufacturing PMI is expected to rise in August, potentially impacting the USD/JPY exchange rate. Economic analysts are predicting a slight increase in the PMI from July to August, which could have implications for the US economy and investor sentiment. While the manufacturing sector only accounts for a fraction of the US economy, positive
China plays a significant role in the Australian economy, accounting for one-third of Australian exports. With over 50% of Australia’s GDP linked to trade, any changes in China’s manufacturing sector could have a direct impact on the Australian economy and the Aussie dollar. A rise in exports to China could potentially boost the Australian economy
The discussion surrounding the relationship between the political party affiliations of U.S. presidents and economic growth has been a subject of considerable analysis. While some studies have indicated a correlation between the party in power and economic performance, it is essential to recognize that correlation does not equate to causation. Factors such as global economic
The latest data on EUR/USD reveals an intriguing economic landscape within the Euro Zone. While overall inflation has seen a decline, services have emerged as a key player with an annual rate of 4.2% in August, surpassing the previous month’s 4.0%. This rise in services costs has led to speculation about a potential “Olympic effect”
When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks. While there is an abundance of information available online, not all of it is accurate or up-to-date. It is imperative to verify and cross-reference information from multiple sources before making any investment or buying any products. Consulting with competent
The recent data on the Australian labor market shows that the unemployment rate is currently at its highest since November 2021. The rise in unemployment is attributed to an increase in the labor supply, which may not be as concerning as a rise in unemployment due to job losses. According to AMP’s Head of Investment
When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks. The information provided on websites, including general news, personal analysis, and opinions, should be used for educational and research purposes only. It is not intended as a recommendation or advice to take any specific action, such as making an
In recent reports, it has been noted that China’s new property sales are remaining weak, indicating a potential downturn in the economy. This is further exacerbated by the decline in steel demand and production. These two factors are critical indicators of economic health, as the property market and steel industry are significant drivers of growth
The industrial profit figures from China, set to be released on Tuesday, August 27, are expected to play a significant role in influencing buyer demand for the Australian dollar. Economists are predicting a slight decrease in industrial profits by 0.2% year-on-year. Such a decline may indicate a weakening demand environment, which could have a negative
The dynamics of business price-setting behaviors are undergoing a significant shift in response to intensified upward pressures on wages. According to a recent paper on service prices, authors have highlighted the need for a comprehensive analysis to investigate whether this phenomenon will continue to spread. This shift poses a challenge for businesses as they navigate