US CES Total Net Birth-Death Forecast (Dec): -67k (prev. -5k)
Newsquawk Staff ·
US CES Total Net Birth-Death Forecast (Dec): -67k (prev. -5k)
What it means
The negative revision to the CES Total Net Birth-Death forecast suggests a deterioration in employment conditions, significantly worse than the previous estimate. This may impact perceptions of labor market strength, potentially influencing monetary policy expectations as weaker job growth could prompt a more cautious approach from the Fed.
Sources
- Brussels is demanding that the UK be bound by European restrictions on Chinese EVs and that ministers imposetariffs of up to 35% on Chinese-made EVs as the price of allowing British car firms equal access to EU markets, reports The Times
- US Senate Commerce Committee to hold November 10th confirmation hearing for FCC Commissioner nominee Thumann
- The US DoJ is ramping up a criminal investigation into the Alaska US Senate race, issuing more than 100 subpoenas and at least 20 target letters to Democrats, reports ABC citing sources
- Swedish parliament rejects Centre Party leader’s candidacy for PM
- UK's Unite Union says the Apache offshore workers are escalating their strike action on various offshore platforms with a 24-hour period of strikes
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