As predicted several hours ago, the unemployment has decreased by 0.3% to 9.7%.
This was not expected by the market with the average forecast of 10% and the range from 9.9% to 10.2%. The decrease will accelerate in February. The reason behind the drop is the secular decline in the rate of participation in labor force, as decribed in this post.
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These days sanctions and retaliation is a hot topic. The first round is over and we will likely observe escalation well supported by po...
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Yesterday I missed the absolute hero of deflation in the US – the consumer price index of information technology, hardware and software (see...
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