US CPI shows zero inflation in May
US CPI grew 0% in May as the yearly growth rate dropped to 3.27%; core inflation, which stripped out food and energy prices, rose 0.2% and the yearly rate decreased to 3.42%
US gains 272,000 jobs in May, blows past expectations
US gained 272,000 nonfarm employment in May blew past market expectations of an 185,000 increase. Meanwhile, unemployment rate rose to 4%, which is the highest level since November 2021.
US PCE inflation holds at 2.7% in April as market expected
US PCE inflation held at 2.7% YoY in April 2024 while core inflation maintained its pace at 2.8% for the third months,
US core CPI rises 3.6% as expected
US CPI rose 3.35% in the year to April, as expected by analysts. Meanwhile, core CPI, which strips out prices of food and energy, increased 3.61%, also as market expected.
US April Jobs Report – Unemployment rate rises back to 3.9% as Nonfarm Payroll...
Nonfarm payroll increased 175,000 in April, a significant reduction from 315,000 in March and fell short of the market expectation of 243,000. Meanwhile, US unemployment rebounded to 3.9%
US labor market cools down further with job openings, hires, quits all drop in...
The March US job opening and labor turnover (JOLT) report shows that job opening rate, hire rate and quit rate all dropped marginally in March, showing further cool down in the US labor market.
UK inflation cools to 3.4% amid service inflation slowdown
Core inflation also slowed to 4.5%, compared to a year earlier.
Canada inflation slows further to 2.8%; rent continues to rise
Canada's CPI rose 2.78% in February, a further slowdown from the 2.86% increase in the January
Canada unemployment rate rises to 5.8% as labor force continues to grow
Statistic Canada on Friday reported that Canada's unemployment rate rose to 5.8%,, reaching the highest since the start of 2022.
Canada inflation drops to 2.9% in January
Canada's headline CPI rose 2.9% in January, hitting Bank of Canada's inflation-control target range of 1% - 3% for the first time since March 2021.
Interviews
A Macroeconomic Earthquake | Q&A with Larry Christiano
In this interview, Prof Christiano shared his view on the development of post-2008 academic macroeconomics. We’ve asked Prof Christiano does he agree that modern macroeconomic models are too complicated for the general public, or even policymakers and if he agrees that economic models should be “simpler”. Does he think the recent revival of ISLM model a “good trend”? Should Macroeconomists hang on their faith in DSGE models? Should they explore alternative paths?