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U.S. Saw Blockbuster Jobs Growth and Strong PMIs in July; Chinese Growth

By IBEC / February 25, 2022 / Leave a Comment

The economy added a blockbuster 943,000 nonfarm payroll jobs in July, and employment in May and June was revised up by a net 119,000. The unemployment rate dropped 0.5 percentage point to 5.4%, the lowest since February 2020’s 3.5%. Employment in the household survey (different from the survey of payrolls) jumped 1.043 million on the […]

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April Jobs Reports Disappoints in U.S. and Canada; Bank of England Slows QE Program

The April jobs report was a huge disappointment. The economy added just 266,000 jobs, far short of expectations of around a million; the BLS also revised down job growth in February and March by a net 78,000. The unemployment rate ticked up to 6.1% from 6.0% as the labor force increased by 430,000, employment (measured