- Story Log
User | Time | Action Performed |
---|---|---|
-
Labour productivity, hourly compensation and unit labour cost, fourth quarter 2023
Labour productivity of Canadian businesses rose 0.4% in the fourth quarter, after falling 0.5% in the third quarter. This was the first gain since the first quarter of 2022 (+1.0%). Without increasing the hours worked, businesses were able to increase their output in the fourth quarter, resulting in productivity growth. Real gross domestic product (GDP) of businesses rebounded 0.4% in the fourth quarter, after decreasing 0.4% the previous quarter. Meanwhile, hours worked in the business sector were stable in the fourth quarter, after edging up (+0.1%) in the previous quarter. The number of jobs (-0.1%) and average ... (full story)
- Comments
- Subscribe
-
- Older Stories
- From cnn.com|Mar 6, 2024|2 comments
Uncertainty around the economy and the Federal Reserve’s next moves has cast a shadow over Wall Street this month. Fed Chair Jerome Powell has a chance to provide more insight ...
- From prnewswire.com|Mar 6, 2024|8 comments
Private sector employment increased by 140,000 jobs in February and annual pay was up 5.1 percent year-over-year, according to the February ADP® National Employment ReportTM ...
- From @FirstSquawk|Mar 6, 2024|1 comment
post: UK'S HUNT WE CAN NOW HELP FAMILIES WITH PERMANENT CUTS IN TAX post: Jeremy Hunt says that the government can help families 'not just with temporary cost of living support but with permanent cuts to taxation' He says that Conservatives know that lower taxes mean higher growth, and higher growth means more opportunity, more prosperity and more… post: Jeremy Hunt says that inflation is forecast to fall below 2% target 'in just a few months' time - nearly a whole year earlier than forecast at the time of the Autumn Statement' post: Jeremy Hunt confirms he is extending fuel duty freeze and 5p cut for another year - cost around Ł5billion post: UK'S HUNT: OBR FORECASTS SHOW 2024/25 BUDGET DEFICIT OF 3.1% OF GDP (NOV FORECAST 3.0%) UK'S HUNT: OBR FORECASTS 2026/27 UNDERLYING PUBLIC DEBT TO GDP RATIO OF 93.2% (NOV FORECAST 93.2%) || UK'S HUNT: BORROWING FORECAST TO DROP TO LOWEST SHARE OF GDP SINCE 2001 AT END OF…
-
- Newer Stories
- From federalreserve.gov|Mar 6, 2024|1 comment
Chairman McHenry, Ranking Member Waters, and other members of the Committee, I appreciate the opportunity to present the Federal Reserve's semiannual Monetary Policy Report. The Federal Reserve remains squarely focused on our dual mandate to promote maximum employment and stable prices for the American people. The economy has made considerable progress toward these objectives over the past year. While inflation remains above the Federal Open Market Committee's (FOMC) objective of 2 percent, it has eased substantially, and the slowing in inflation has occurred without a significant increase in unemployment. As labor market tightness has eased and progress on inflation has continued, the risks to achieving our employment and inflation goals have been moving into better balance. Even so, the Committee remains highly attentive to inflation risks and is acutely aware that high inflation imposes significant hardship, especially on those least able to meet the higher costs of essentials, like food, housing, and transportation. The FOMC is strongly committed to returning inflation to its 2 percent objective. Restoring price stability is essential to achieve a sustained period of strong labor market conditions that benefit all. I will review the current economic situation b post: *POWELL: LIKELY APPROPRIATE TO CUT RATES AT SOME POINT THIS YEAR *POWELL REITERATES FED NEEDS MORE CONFIDENCE ON INFLATION TO CUT post: Fed Chair Jay Powell’s testimony to Congress 1) He characterizes last year’s slowdown in core inflation as “notable” and “widespread” 2) The forward guidance around rate cuts is little changed https://t.co/BxIRu0KPkW pic.twitter.com/61huWjQNSJ post: Fed’s Powell: Risks to Both Cutting Rates Too Early and Too Fast as Well as Too Late or Too Little post: FED'S POWELL: WHILE INFLATION STILL ABOVE 2%, IT HAS EASED SUBSTANTIALLY || FED'S POWELL: ECONOMY HAS MADE CONSIDERABLE PROGRESS OVER PAST YEAR ON DUAL MANDATE
- From msn.com|Mar 6, 2024
The Bank of Canada (BoC) is expected to hold its key overnight rate steady at 5% on Wednesday, economists said, even though data have shown inflation easing and economic growth ...
- From cnbc.com|Mar 6, 2024|1 comment
Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but is not ready yet to say when. In prepared remarks ...
- Story Stats
- Posted: Mar 6, 2024 8:30am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,550
- Linked event: