by More evidence global demand is slowing as both exports and imports fell. In any case the trade surplus continues, providing fundamental currency strength which probably translates into continuing fx reserve builds: China’s exports drop again in April; imports also plungeHighlightsEmployment has been the economy’s central strength but has not been in the positive column for the labor market conditions index which remains in contraction for a 4th straight month, at minus 0.9 in April. Still, this is an improvement from March’s minus 2.1, a month when payroll growth and the participation rate were stronger but not other data that are tracked in this composite including the 12-month reading for average hourly earnings or the jobs-hard-to-get subcomponent of the consumer confidence report which both showed strength in April. The index, experimental in nature, is a broad composite of 19 separate indicators and, as yet at least, is rarely cited by policy makers.
Topics:
WARREN MOSLER considers the following as important: Uncategorized
This could be interesting, too:
John Quiggin writes Dispensing with the US-centric financial system
John Quiggin writes How to dispense with Trump’s US
John Quiggin writes Trump has thrown out the global economic playbook. It’s time for Australia to write its own rules
tom writes Germany’s election & why it is important to understand the Ukraine War
More evidence global demand is slowing as both exports and imports fell. In any case the trade surplus continues, providing fundamental currency strength which probably translates into continuing fx reserve builds:
China’s exports drop again in April; imports also plunge
Highlights
Employment has been the economy’s central strength but has not been in the positive column for the labor market conditions index which remains in contraction for a 4th straight month, at minus 0.9 in April. Still, this is an improvement from March’s minus 2.1, a month when payroll growth and the participation rate were stronger but not other data that are tracked in this composite including the 12-month reading for average hourly earnings or the jobs-hard-to-get subcomponent of the consumer confidence report which both showed strength in April. The index, experimental in nature, is a broad composite of 19 separate indicators and, as yet at least, is rarely cited by policy makers.
