The ADP private sector employment estimate for October released on Wednesday showed a gain of 42,000 jobs, with service-providing firms adding 33,000 and goods-producing firms adding 10,000 positions. ... READ MORE >| The Real Economy Blog
Facing the rising risk of a growing global oil glut, OPEC blinked, announcing on Sunday that it would pause a planned increase in oil production next year. ... READ MORE >| The Real Economy Blog
The number of container ships sailing from China to the United States dropped considerably in October, pushing down costs. ... READ MORE >| The Real Economy Blog
The manufacturing purchasing managers’ index fell to 48.7 from 49.1, with any reading below 50 indicating contraction. ... READ MORE >| The Real Economy Blog
Policy rate cuts by the Bank of Canada and the U.S. Federal Reserve are in response to both countries’ economies absorbing adverse policy shocks along with a slowing pace of hiring and wage growth. ... READ MORE >| The Real Economy Blog
China has blacklisted imports of U.S. soybeans and corn, bringing those exports to a halt. A bailout for U.S. farmers is coming together in Congress. ... READ MORE >| The Real Economy Blog
As the government shutdown continues, we expect a 0.25% drag on GDP per week, or 1% per month. ... READ MORE >| The Real Economy Blog
Canada's subdued economic activity and the drop in inflation despite ongoing tariffs imply that the Bank of Canada could cut interest rates again this year. ... READ MORE >| The Real Economy Blog
Once one excludes the more volatile trade and inventory data, growth advanced at a much softer pace of 1.2% implied by final sales to private domestic purchasers.| The Real Economy Blog
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