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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.

UK retail sales rebounds 3.4% in Jan after dismal Christmas figures

UK retail volume rose 3.4% MoM in January, after it dropped by 3.3% in December

Global Economy

Interviews

How to Maintain Prosperity for All | Interview with Roger Farmer

Roger Farmer explains : Why central banks should consider stock market intervention in stabilizing the employment markets?
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Is Inequality part of Macroeconomics? | Interview with Branko Milanovic |

Branko Milanovic discusses whether the study of inequality can be considered as part of macroeconomics and how should macroeconomists incorporate his idea of Kuznets Waves into their models.

US needs large-scale Covid testing urgently: Nobel winning economist Paul Romer

In an exclusive interview with EconReporter on Tuesday, Romer, co-recipient of the 2018 Nobel Prize in Economics Science, urged the US to adopt large-scale testing immediately to halt this most detrimental economic slump ever since the Great Depression in the 1930s.
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What is Neo-Fisherian and FTPL? | Q&A with John Cochrane |

Cochrane discusses with us his view on the development in Macroeconomics since the Great Depression. He also explains what Neo-Fisherian and Fiscal Theory of Price Level are, and why they are important for understanding the current economic situation around the world.