Weekly Economic Perspectives

US Workers Enjoy Higher Wages but Are Working Fewer Hours


Chief Economist
Investment Strategist
Economist

The Economy

  • US job growth remains impressively robust.
  • Canadian growth surprises to the upside.
  • UK house prices decline.
  • The retrenchment in German consumer spending intensifies.
  • Japanese manufacturers’ profits hit record.
  • Inflation eased in Australia.

Spotlight On Next Week

  • US service sector to continue expanding.
  • Bank of Canada may downshift to a 25 bps hike.
  • The Reserve Bank of Australia seen hiking by 25 bps as well.

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