Tag Archives: Employment

Down a bit but still trending higher since the oil price collapse: Seems she still doesn’t realize negative rates are just another tax: FED’S YELLEN: IF ECONOMY SIGNIFICANTLY DETERIORATED, NEGATIVE RATES AND OTHER TOOLS WOULD BE ON THE TABLE This implies the rest of Saudi pricing remains the same from November, when discounts to benchmarks were substantially increased. In general, discounts have been increased over the last few months: Saudi Arabia, the world’s largest oil exporter,...

Down to 1.9 for Q4, after being very close for Q1, Q2 and Q3: German Engineering Orders Hit by Lower Demand From China By Nina AdamNov 2 (WSJ) — Germany’s VDMA engineering federation said Monday that its “plant and machinery makers are battling against global markets’ adversities.” German mechanical engineering orders slumped 13% year-over-year in September, hit by a 18% drop in foreign demand. Foreign orders from outside the eurozone were down 7% in the nine months through September from...

The chart says it all.Not good! Industrial ProductionHighlightsIndustrial production continues to sink, down 0.2 percent in September which is slightly better than the Econoday consensus for minus 0.3 percent. The manufacturing component continues to sink, down 0.1 percent for a second straight decline and the fourth decline in five months. Industrial production was revised sharply upward for August, from an initial decline of minus 0.4 percent to only minus 0.1 percent. But the improvement...

A gauge of U.S. investment plans slipped more in August than initially estimated, giving a cautionary sign for the economic outlook. New orders for non-military capital goods outside of aviation fell 0.8 percent in August, the Commerce Department said on Friday. The government had previously reported that this gauge, which is a leading indicator of business investment, had fallen 0.2 percent during the month. Shipments of this category of goods also fell, declining a...