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Weekly Economic Perspectives: The US Labor Market Claws Back Losses Step By Step

Chief Economist

  • The Economy
    Employment surges in the US. Strong January GDP in Canada. Manufacturing jumps in the UK and the eurozone. Much improved manufacturers’ sentiment in Japan. Retail sales retreat in Australia.
  • The Market
    Global equities rally further on good macro data. Bond yields jump in Australia but are little changed elsewhere. The dollar creeps higher on strong growth prospects. Oil and gold are little changed.