Macro Update On U.S. The U.S. job market added 151,000 jobs in August 2016. The largest gains came from several private service-providing industries, including information, financial activities, real estate rental and leasing, professional and business services, education and healthcare services, while the goods-producing industry shed 24,000 jobs. Employment Cost Index data was recently revised; compensation… Continue reading

Macro Update On U.S. U.S. GDP growth was a bit more sluggish than expected in the second quarter as businesses aggressively ran down stocks of unsold goods, which offsets a spurt in consumer spending. U.S. consumption and employment situation remain strong. U.S. stocks continue to gain, fueled in part by the Federal Reserve staying put… Continue reading