US The modest 0.3% gain in industrial production for September would have likely been larger had it not been for the quarter percentage point drag from Hurricanes Harvey and Irma. Industrial production fell at a 1.5% annualised rate in the third quarter, but according to Fed estimates, this figure would have been an increase of [...]
US The modest 0.3% gain in industrial production for September would have likely been larger had it not been for the quarter percentage point drag from Hurricanes Harvey and Irma. Industrial production fell at a 1.5% annualised rate in the third quarter, but according to Fed estimates, this figure would have been an increase of [...]
US August JOLTS data show demand for labor was solid before the storms, suggesting the decline in September should reverse rather easily. Openings remained at their record highs, though that did little to entice workers to leave their current positions. The quit rate held in its 2.1% to 2.2% range that it has bounced between [...]
US In the US, employment contracted for the first time in seven years last month as Hurricanes Harvey and Irma disrupted work and typical hiring. NFP (nonfarm payroll) contracted by 33,000 jobs in September, led by a 111,000 decline in the leisure & hospitality sector. Average hourly earnings rose a stronger-than-expected 0.5% but the drop [...]
