Bit of a divide between the states in lockdown versus the rest of Australia. Employment in New South Wales and Victoria are down 4.7% and 2.1%, respectively, since the pandemic began.
For the rest of Australia? +2.9% #ausbiz@IndeedAU
News: The retirement on Sept. 30 of Boston Fed leader Eric Rosengren follows news that he traded stocks and other investments while helping to set monetary policy https://t.co/KCdJzO6t4b via @WSJ
U.S. yields are climbing again today to some of the highest levels since before the pandemic. Yields on 5-year notes just touched the highest since February 2020.
Most major central banks have a pretty terrible track record of reaching their inflation targets for sustained periods of time. Chart from Deutsche Bank's Jim Reid:
ANZ data: Lockdowns showed no signs of scarring, as spending in Brisbane and SA bounced back as soon as local restrictions eased. Small states kept national spending above pre-COVID levels while Melb and Syd lost 30% of spend due to lockdowns. @AdelaideTimbrel#ausbiz#ausecon
If another 200,000 officially unemployed people gave up looking for work and left the labour force overnight..
We'd get the unemployment rate down to 3.2% 🙃
Rents on newly signed leases in the U.S. surged 17% in July when compared to what the prior tenant paid, reaching the highest level on record: RealPage data https://t.co/avg8rEKFod
Adjusting for participation and zero hours working (noting it's orig data) you can argue the 'effective' unemployment rate is closer to 6% than 4.6%. The no. of people on zero hours from being stood down is 181,500, up from 156,500 and 58,200 in June and May respectively #ausbiz
Updated!⚡️ “Analyst Research, Estimates and 12-month Target Prices for #Uranium#Mining#Stocks” - a library of tweets providing information on analyst coverage of #U3O8 sector with links to downloadable reports when available. 📚 #Nuclear#investing🌞👇 https://t.co/jhR7wD9sBq
Covid cases continue to rise sharply in UK as Delta sweeps through, but hospitalizations and deaths continue to be decoupled from the rising spread when viewed relative to similar points in other waves of infection — reflecting protection of most vulnerable through vaccination.
Exclude everything you want to exclude - food, fuel, shelter and used cars & trucks - and this still looks like the worst inflation spike in almost 3 decades. Now on MLIV on @TheTerminal. #inflation