Hiring growth slowed in November among US companies, according to this morning’s update of the ADP Employment Report. Payrolls increased 179,000 last month, down from 225,000 in October. As expected, the annual pace of growth also ticked lower — just barely — although rounding the year-over-year change to one digit leaves the year-over-year trend at a healthy 2.0% for a second month – the fastest rise in over two years.
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Daily Archives: December 6, 2018
US Q4 GDP Growth Remains On Track For Moderate Slowdown
Early futures trading points to another rocky session for the US stock market today, in part due to rising concern over trade relations with China. Judging by the current outlook for US economic output in the fourth quarter, however, the macro trend still looks set to post moderate growth in GDP for 2018’s final three months, based on a set of nowcasts compiled by The Capital Spectator.
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Macro Briefing: 6 December 2018
CFO of Chinese telecoms giant Huawei arrested in Canada: BBC
Does Huawei arrest threaten Trump-Xi trade truce? Reuters
US stock index futures drop sharply in early trading on Thursday: Bloomberg
Global greenhouse gas emissions rising at accelerating pace: NY Times
UK Parliament restrains Prime Minister May’s Brexit plan. What’s next? Vox
N. Korea reportedly expands a long-range missile base, defying US: Independent
Former President George H.W. Bush honored at National Cathedral funeral: CBS
One part of the US yield curve inverted this week: Reuters
Fed’s Beige Book: economy still growing but headwinds are noted: MW
German 10-year yield fell to 0.25% on Wed–lowest in more than a year:
