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        From Sectors and Smart Beta to Fixed Income, SPDR Exchange Traded Funds (ETFs) give you wide access to diverse investment opportunities. Find out more.

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        Weekly Economic Perspectives

        US Unit Labor Cost Growth Is Normalizing

        Simona M Mocuta
        Chief Economist
        Amy Le, CFA
        Investment Strategist
        Venkata Vamsea Krishna Bhimavarapu
        Economist

        The Economy

        • Further gentle cooling in the US jobs market.
        • Canada’s unemployment rate increases for the third straight month.
        • The eurozone economy bests growth expectations.
        • BoE delivered a 25-basis point hike.
        • Japan’s retail sales rise.
        • RBA held the cash rate as we expected.

        Spotlight On Next Week

        • US inflation to tick up temporarily, driven by base effects.
        • Weak Q2 growth expected in the UK.
        • Japanese wage inflation to remain robust.
        Read Full Commentary

        More on Weekly Market Update

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