No, hyperinflation and, in fact, high inflation, ain’t coming, yet. But the concerns with both are rising… Both, input prices and output prices have accelerated in March, compared to February in Markit’s Manufacturing PMIs. Headline M…
Given a lot of noise about economic re-opening and abatement of the late 2020 wave of the pandemic, we expected BRIC countries PMIs to improve significantly in 1Q 2021 compared to 4Q 2020. Alas, the opposite took place:Brazil Manufacturing PMI fe…
Despite some positive headline numbers on some labor market metrics, jobs creation in the U.S. is not progressing well-enough to claim any end in sight for the Covid19-induced recession
Based on the average duration of unemployment, we are now (in the Covid19 pandemic recession) tracking the worst recession on record
The latest reading would rank 58th worst in the history of the weekly series
The increase still leaves the payrolls 9,777,000 short of the pre-Covid19 highs
Demand for skills is rising, including in manufacturing, while services jobs (and lower-skilled B2C services jobs in particular) are still hard to find.
U.S. current reading is in line with March 2011.
Sweden is the worst performer, by a large margin than any other Nordic or Northern European country
US vs EU27 comparatives in the pandemic dynamics through the week 12 of 2021 are showing continued, albeit declining improvement in the relative position of the US. That said, much of the improvement is down to lags in new waves development, with the E…