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Worsening US Labor Differential Flashes Warning Sign

Chief Economist
Investment Strategist

The Economy

  • US continuing unemployment claims jump.
  • Canadian unemployment rate edges up.
  • UK manufacturing downturn eases.
  • Eurozone disinflation is in full swing.
  • Japan’s industrial production improves.
  • Aussie retail sales edge down.

Spotlight On Next Week

  • US employment gains to continue.
  • BoC to remain on hold.
  • Japan’s Q3 GDP to revised a notch up.
  • RBA to hold rates, while Q3 GDP may rise +0.3% q/q.

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