Next round of Nafta-negotiations about to begin. Bilateral trade deficits still a major thing in the Trump White House.
September’s decline in employment was induced by hurricanes. Will reverse later in the year when activity is restored.
The pickup in wage growth is the most important signal in a crazy job report. Should scare the hawks on FOMC.
UK seasonally-adjusted car registration has been flat since May, but down 9% on the year in September. Not likely to recover any time soon.
Another strong increase in US confidence with ISM non-manufacturing at the highest level since 2005. Still high hopes for deregulation and potential tax reform?
UK construction PMI declined sharply to 48.1 and now points to contraction. There are not enough exporters to compensate for domestic weakness.
There is no statistical relation between unemployment and wage growth in the US since 2010. Labor market behavior has changed.
Italian unemployment is only slowly declining as women have been pushed onto the labor force by labor and pension reforms. Employment is up strongly.
Germany unemployment declined sharply in September – and continues to set new all-time lows. Most noticeable declines in Eastern Germany
President Trump’s approval rating has been sliding lately. Picking a fight with NFL is less popular than handling hurricanes.