Report
What to make of the rise in US unemployment?
US labour market data are mixed. Employment continues to rise, a clear sign of an expansionary phase, but the unemployment rate has increased by 0.5 points since its trough last spring. In the past, a rise of this magnitude has almost always been a harbinger of a sharper adjustment to come. Why would it be any different in this time? There is no denying that the business cycle has experienced atypical shocks since 2020. The excess demand for labour is also being corrected by the ...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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