US weekly jobless claims fall to a nine-month low; speed of productivity gains

Weekly jobless claims drop 3,000 to 183,000 Persevering with claims decreased 11,000 to 1.655 million Productiveness accelerated at a 3.0% charge within the fourth quarter Unit labor prices develop at a charge of 1.1% WASHINGTON (Reuters) – The variety of Individuals submitting new purposes for unemployment advantages fell to a nine-month low final week, because … Read more

US labor cost growth is the smallest in a year; Work is constantly tight

The Employment Price Index rose 1.0% within the fourth quarter wages and salaries improve by 1.0%; 5.1% improve year-on-year The Shopper Confidence Index fell to 107.1 in January Home value inflation slows additional in November WASHINGTON (Reuters) – U.S. labor prices rose at their slowest tempo in a yr within the fourth quarter as wage … Read more

Emerging market slowdown bottoms out in 2022, but risks remain – IMF

NEW YORK (Reuters) – The Worldwide Financial Fund on Monday raised its estimates for output progress in rising markets for this yr, as projections now present that the area’s financial slowdown might have bottomed out in 2022, on the again of China’s reopening. , Resilient India and Sudden Progress in Russia. In its newest replace … Read more

US consumer spending ends 2022 on weaker grounds; slowing inflation

Client spending fell 0.2% in December private earnings will increase by 0.2%; The financial savings price rose to three.4%. Core PCE value index rose 0.3%; 4.4% enhance 12 months on 12 months WASHINGTON (Reuters) – U.S. client spending fell for the second straight month in December, placing the financial system on a decrease progress path … Read more

Davos 2023: Global recession in 2023 seen as likely in World Economic Forum survey

DAVOS, Switzerland (Reuters) – Two-thirds of main private and non-private economists surveyed by the World Financial Discussion board count on a world recession in 2023, the organizer of the Davos Discussion board mentioned on Monday, as enterprise and authorities leaders gathered. its annual assembly. About 18% thought of a world recession “extremely doubtless” — greater … Read more