USEconomy
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📈 March's job report brings good news for the U.S. economy! Nonfarm payrolls surged by 303,000.
Number was driven by gains in healthcare, government, and construction sectors.
Despite this, the unemployment rate held steady at 3.8%, maintaining its narrow range since August 2023. Healthcare led job growth with 72,000 new positions, while government and construction also saw significant increases.
💵 Average hourly earnings rose by $0.12 to $34.69, and the workweek expanded slightly to 34.4 hours. However, unemployment rates among different demographics varied, with Blacks rising to 6.4%, while Asians and Hispanics saw decreases to 2.5% and 4.5%, respectively.
Long-term unemployed individuals remained steady at 1.2 million.
#Finance #usa #USEconomy
Number was driven by gains in healthcare, government, and construction sectors.
Despite this, the unemployment rate held steady at 3.8%, maintaining its narrow range since August 2023. Healthcare led job growth with 72,000 new positions, while government and construction also saw significant increases.
💵 Average hourly earnings rose by $0.12 to $34.69, and the workweek expanded slightly to 34.4 hours. However, unemployment rates among different demographics varied, with Blacks rising to 6.4%, while Asians and Hispanics saw decreases to 2.5% and 4.5%, respectively.
Long-term unemployed individuals remained steady at 1.2 million.
#Finance #usa #USEconomy
Macro Markets Show Weakness, Putting Pressure on the US Economy to Slow Down🤔
More of the same in macro markets yesterday, with prices holding up despite more data points suggesting a more pronounced slowdown in the US economy in the near future. US initial claims rebounded 13k to 231k last week, the highest levels since August. Similarly, continuing claims also rose for the 8th straight week, to the highest levels since Nov 2021 as signs of a labour market cooldown continues.Other data points were similarly weak with US industrial production falling by -0.6% in October, the weakest print in almost a year, with drops in capacity utilization, manufacturing production, as well as vehicle sales. The NAHB housing index also fell -6 points to 34 in November, marking a 4th straight decline, and also the lowest print since last November.
#MacroMarkets #USEconomy #InitialClaims #IndustrialProduction #HousingMarket
More of the same in macro markets yesterday, with prices holding up despite more data points suggesting a more pronounced slowdown in the US economy in the near future. US initial claims rebounded 13k to 231k last week, the highest levels since August. Similarly, continuing claims also rose for the 8th straight week, to the highest levels since Nov 2021 as signs of a labour market cooldown continues.Other data points were similarly weak with US industrial production falling by -0.6% in October, the weakest print in almost a year, with drops in capacity utilization, manufacturing production, as well as vehicle sales. The NAHB housing index also fell -6 points to 34 in November, marking a 4th straight decline, and also the lowest print since last November.
#MacroMarkets #USEconomy #InitialClaims #IndustrialProduction #HousingMarket
US economy surges, FOMC minutes give hawkish signals!😮
In US markets, signs of a stronger-than-expected economy continued to simmer, with housing starts surging 3.9% MoM, industrial production adding 1% MoM, and the Atlanta Fed GDPnowcast being revised up further to a sizzling 5.8% (due to friendly seasonal adjustments), significantly above Wall Street estimates. All of this stronger economic news continues to pressure US fixed income, with 10yr yields resuming their relentless march higher, and about to break the last October highs. To make matters worse, the July FOMC minutes carried a hawkish bent, with headlines such as: Most Fed officials saw 'significant' upside risks to inflation Inflation risks could require further tightening Officials saw high uncertainty around policy lags
#USEconomy #FOMC #GDPNow #Fed #market
In US markets, signs of a stronger-than-expected economy continued to simmer, with housing starts surging 3.9% MoM, industrial production adding 1% MoM, and the Atlanta Fed GDPnowcast being revised up further to a sizzling 5.8% (due to friendly seasonal adjustments), significantly above Wall Street estimates. All of this stronger economic news continues to pressure US fixed income, with 10yr yields resuming their relentless march higher, and about to break the last October highs. To make matters worse, the July FOMC minutes carried a hawkish bent, with headlines such as: Most Fed officials saw 'significant' upside risks to inflation Inflation risks could require further tightening Officials saw high uncertainty around policy lags
#USEconomy #FOMC #GDPNow #Fed #market
🚨 Out of Control! 🚨
In the first 8 months of Fiscal Year 2024, the 🇺🇸 US deficit has skyrocketed to $1.2 trillion, which is a staggering $4.9 billion PER DAY.
📊 **May Deficit**: In May alone, deficit spending reached $348 billion, averaging $11.2 billion a day, according to the CBO.
📅 **Annual Deficit**: Over the past 12 months, the US deficit totaled $1.7 trillion, equivalent to 6.2% of US GDP.
📈 **Historical Context**: Deficit spending as a percentage of GDP is higher than all previous recessionary periods except for the 2008 Financial Crisis, the 2020 pandemic, and World War II.
💰 **Government Expenditures**: Government spending has hit $6.5 trillion, which is 23% of US GDP.
⚠️ **Spending Levels**: The government is spending as if we are in a recession.
#USEconomy
#CPIAlert #ETHETFsApproved
In the first 8 months of Fiscal Year 2024, the 🇺🇸 US deficit has skyrocketed to $1.2 trillion, which is a staggering $4.9 billion PER DAY.
📊 **May Deficit**: In May alone, deficit spending reached $348 billion, averaging $11.2 billion a day, according to the CBO.
📅 **Annual Deficit**: Over the past 12 months, the US deficit totaled $1.7 trillion, equivalent to 6.2% of US GDP.
📈 **Historical Context**: Deficit spending as a percentage of GDP is higher than all previous recessionary periods except for the 2008 Financial Crisis, the 2020 pandemic, and World War II.
💰 **Government Expenditures**: Government spending has hit $6.5 trillion, which is 23% of US GDP.
⚠️ **Spending Levels**: The government is spending as if we are in a recession.
#USEconomy
#CPIAlert #ETHETFsApproved
🚨🚨 READ CAREFULLY 🚨🚨
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🛑U.S. Economic Data Highlights This Week:🛑
NY Fed Manufacturing Index (Mon.): Key insights into manufacturing activity in the New York region.
Retail Sales (Tues.): Crucial data on consumer spending trends and economic health.
Building Permits (Wed.): Indicators of future construction activity and housing market strength.
Housing Starts (Wed.): Data on new residential construction projects, reflecting economic momentum.
Industrial Production (Wed.): Measures output from factories, mines, and utilities, showing industrial sector performance.
Jobless Claims (Thurs.): Weekly updates on the labor market and unemployment trends.
Philly Fed Manufacturing Index (Thurs.): Regional manufacturing activity data from the Philadelphia area.
Stay tuned for detailed updates and analysis!
#USEconomy #MarketTrends #HousingMarket #LaborMarket #IndustrialProduction
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🛑U.S. Economic Data Highlights This Week:🛑
NY Fed Manufacturing Index (Mon.): Key insights into manufacturing activity in the New York region.
Retail Sales (Tues.): Crucial data on consumer spending trends and economic health.
Building Permits (Wed.): Indicators of future construction activity and housing market strength.
Housing Starts (Wed.): Data on new residential construction projects, reflecting economic momentum.
Industrial Production (Wed.): Measures output from factories, mines, and utilities, showing industrial sector performance.
Jobless Claims (Thurs.): Weekly updates on the labor market and unemployment trends.
Philly Fed Manufacturing Index (Thurs.): Regional manufacturing activity data from the Philadelphia area.
Stay tuned for detailed updates and analysis!
#USEconomy #MarketTrends #HousingMarket #LaborMarket #IndustrialProduction
#USEconomy Now Has:
1. 63 banks on the brink of default according to the #FDIC
2. Over $500 BILLION of paper losses held by banks
3. Declining #GDP growth with rising inflation
4. Over 50% of Americans believe we are in a recession
5. Lowest mortgage demand in over 30 years
6. A record $17.7 trillion in total household debt
#BnbAth #StartInvestingInCrypto
1. 63 banks on the brink of default according to the #FDIC
2. Over $500 BILLION of paper losses held by banks
3. Declining #GDP growth with rising inflation
4. Over 50% of Americans believe we are in a recession
5. Lowest mortgage demand in over 30 years
6. A record $17.7 trillion in total household debt
#BnbAth #StartInvestingInCrypto