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US: Five Economic Reasons to be Thankful
Here are five economic reasons to be thankful this Thanksgiving. (Hat Tip to Neil Irwin who started doing this years ago) 1) The Unemployment Rate is Near 50 Year Low The unemployment rate was at 3.7% in October. The unemployment rate is down from 14.7% in April 2020 (the highest since the Great Depression). The unemployment rate is down from 4.6% a year ago (October 2021). This was just up from 3.5% in September - and that matched the lowest unemployment rate since 1969! 2) Low unemployment claims. This graph shows the 4-week moving average of weekly claims since 1971. Weekly claims were at 240,000 last week. The ... (full story)
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From kitco.com|Nov 24, 2022With U.S. markets closed Thursday and open half a day Friday for the Thanksgiving long weekend, the gold market is looking to end the week quietly above $1,750 an ounce. According ...
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From mining.com|Nov 24, 2022Chile’s state owned mining company Codelco, the world’s biggest copper producer, warned on Thursday that global shortages of the metal may reach eight million tonnes by 2032, as ...
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From kitco.com|Nov 24, 2022A mild recession in the U.S. in 2023 will force the Federal Reserve to pivot in the second quarter of next year, according to market analysts at Société Générale. The French bank ...
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From fitchratings.com|Nov 24, 2022Fitch Rating expects a modest recovery in China’s retail sales in 2023, as our base case of less severe Covid-19 pandemic-related controls is likely to underpin a pick-up in ...
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- Posted: Nov 24, 2022 12:57pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 638
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