The Canadian economy surprisingly shed jobs for a second consecutive month as the unemployment rate jumped, increasing the likelihood of an interest rate cut from the Bank of Canada this month https://t.co/h7ushYQXjU ...

The U.S. added only 22,000 non-farm jobs in August, one of the weakest monthly gains since the end of 2021, and the unemployment rate rose to 4.3%, a nearly four-year high. Previously, the market expected an increase of 76,500. ...

BREAKING:🇺🇲 US UNEMPLOYMENT RATEACTUAL: 4.3%EXPECTATIONS: 4.3%BULLISH FOR MARKETS 🚀 ...

REMINDER 🚨🇺🇸 US UNEMPLOYMENT DATA WILL BE RELEASED TODAY AT 8:30AM ET.EXPECTATIONS: 4.3%IF IT COMES AT 4.3% OR HIGHER, THE FED COULD EVEN CUT RATES BY 50BPS. https://t.co/xbPY5hQSpP ...

Let's get to Bloomberg's Michael McKee. Mike, what's the data showing us. Well, the JOLTS numbers come in a little bit lower than anticipated, which I suppose is good news in a way.It suggests maybe the unemployment rate isn't going to move as much 7,181,000 jobs openings. Now, this is for the month of July, not for the month of August. Friday, we get the August payrolls report last month, which would have been June four, JOLTS 7,437,000.So we have seen a decline, but it's still a fairly strong rate. This w ...

Market Overview & Growth Indicators - HSBC suggests remaining "risk on" for the final four months of the year, indicating a positive outlook on market risk [1] - The US is showing signs of growth reacceleration, particularly in high-frequency indicators like credit card spending and retail sales [2] - High-frequency indicators across labor, consumption, and manufacturing sectors are showing signs of pickup since late June/early July [3] - Expectations for the second half of the year (H2) are low, creating a low bar to surpass [4] Labor Market Analysis - Official labor market data is tricky due to a strong reversal in immigration flows, making it difficult to pinpoint the break-even payroll number [7] - A payroll number around 50,000-70,000 might be enough to keep the unemployment rate steady or even lower, given immigration flow reversals [7] - The focus is on the unemployment rate, which, if steady, suggests the labor market isn't in significant trouble [8][9] Investment Strategy - The rally is expected to broaden out beyond AI and tech, with more economically sensitive sectors starting to participate [5]

Is that too much complacency out there, do you think. I certainly think that is the case. I mean, looking at hedge funds, kind of betting on shorting the VIX, the most we've seen in three years really does suggest that they expect this comp to persist.I think we expect greater volatility if we do see some of this economic data materially surprise to the upside of the downside, just given that equities have really been predicated on the Fed easing coming through quite materially. We have about five rate cuts ...

Employers in the US showed little enthusiasm to take on workers during August, and the unemployment rate probably ticked up to an almost four-year high https://t.co/6UQYaZTOsS ...

Demand for workers has cooled yet the unemployment rate held steady—and why? Alongside a sharp decline in immigration came an abrupt slowdown in the supply of labor. 🔗 https://t.co/8qEQE2FpW8 https://t.co/IyoGfVMIl6 ...

Demand for workers has cooled yet the unemployment rate held steady—and why? Alongside a sharp decline in immigration came an abrupt slowdown in the supply of labor. https://t.co/WF5GDqseLu ...