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Weekly Economic Perspectives

US Job Openings Plunge, but Still Very Elevated

Chief Economist
Investment Strategist

The Economy

  • A solid but balanced US employment report.
  • First rise in Canadian employment in four months.
  • UK policy uncertainty continues.
  • German data softens.
  • Household spending slows in Japan.
  • RBA slows the hiking pace.

Spotlight On Next Week

  • A mixed inflation report expected in the US.
  • UK labor market seen resilient.
  • Core machine orders to slow in Japan.

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