The report released by the US Bureau of Labor Statistics just moments ago showed that the US economy added 177,000 jobs in April, compared to 185,000 in March, which was revised down from 228,000. This was better than market expectations of 137,000 jobs added. Conversely, the unemployment rate remained at 4.2% in April, matching expectations, while the labor force participation...
Eurostat, the statistical office of the European Union, released preliminary estimates just a few moments ago showing that annual inflation in the eurozone rose to 2.2% in April, matching the March reading and exceeding expectations of 2.1%. The largest contribution to inflation in April came from the services sector, which rose at an annual rate of 3.9%, up from 3.5%...
The Bank of Japan decided at its meeting that concluded this morning, Thursday, May 1, to keep monetary policy and interest rates unchanged. Members voted unanimously to keep interest rates at 0.50%, as expected, for the second consecutive meeting, following a hike in the December meeting. The Bank of Japan's quarterly forecast report, issued every three months, showed the bank...
Data released just moments ago from the U.S. Bureau of Economic Analysis showed that U.S. personal income rose by $116.8 billion in March, up 0.5% from 0.8% in February. The Personal Consumption Expenditures (PCE) Index, the Federal Reserve's preferred measure of inflation, rose by 0.7% to $134.5 billion, compared to February's reading of 0.4%. The PCE, which excludes food and...
US gross domestic product (GDP) fell to 0.3% in the first quarter of this year, ending in March, according to a report released by the Bureau of Economic Analysis. This compares to a 2.4% growth in the fourth quarter of last year, falling short of expectations of a 0.2% growth in the first quarter, reflecting the impact of tariffs on...
The US private sector added only about 62,000 jobs in April, according to figures released just moments ago by ADP, after adding about 155,000 jobs in March, which was revised down to 147,000. Expectations were for an increase of 114,000 jobs, while wages rose by 4.5%. In detail, the manufacturing sector added about 4,000 jobs, the construction sector added about...
Figures released this morning, Wednesday, April 30, during the Asian session, from the Australian Institute of Statistics (ABS) showed that consumer price inflation rose by 2.4% year-on-year in March, matching February's reading. Expectations were for a 2.3% increase, remaining at its lowest level in four years. The core index, which excludes sharp changes in consumer goods and services prices, grew...
Bank of Japan and US Labor Market Figures: Key Events This Week Inflation from Australia, the Eurozone, and the United States Have tariffs begun to affect US growth figures? Miscellaneous Economic Data After a week that saw a decline in tensions and uncertainty following optimistic statements from US President Trump, who has become the dominant force in the general markets,...
The US Dollar Index is poised to post weekly gains after four consecutive weeks of declines, trading at 99.40 just hours before the weekly close on Friday, April 25, up 0.85%. Markets overcame Trump's threats to exploit the US Federal Reserve and fire Jerome Powell, as well as the easing of tariff concerns, ignoring the figures released just moments ago...
UK retail sales rose 0.4% in March, compared to a revised 0.7% increase in February, down from a 1% increase. Expectations were for a 0.3% decline. On a quarterly basis, sales rose 1.6% in the first quarter ending in March. In detail, sales volumes in non-food stores, such as clothing and homeware, rose by 1.7%, with clothing sales leading the...