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Weekly Economic Perspectives

US Unemployment Rate Ticks up Despite Payrolls Gain

Chief Economist
Investment Strategist

The Economy

  • Another contradictory jobs report in the US.
  • Stronger than expected Canadian GDP.
  • UK house prices resume downtrend.
  • First signs of easing in eurozone core inflation.
  • Japanese consumer confidence increases again.
  • Australia’s monthly CPI slowed sequentially.

Spotlight On Next Week

  • BoC to resume hiking.
  • Japan’s GDP to be revised substantially higher.
  • RBA to hold interest rates while GDP could print below the consensus.

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