Insights

Weekly Economic Perspectives: US Labor Market In Covid Crisis vs. Prior Recessions

Simona Mocuta

Senior Economist

Kaushik Baidya

Economist

August 10, 2020

Weekly Economic Perspectives

The Economy
Employment gains continue in the US and Canada. The BoE remains on hold and highlights outlook uncertainty. Industrial production rebounds across the eurozone. Japan’s wage deflation moderates. The RBA will step back into the ACGB market.
The Market
A big week for equities with solid gains almost across the board. Bond yields are little changed. The dollar recoups some losses late in the week. Oil moves higher, gold touches record.

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