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22.04.26 - 11:06
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Swedish Unemployment Rate Rises To 10-month High (AFX)
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STOCKHOLM (dpa-AFX) - Sweden's jobless rate increased for the fourth straight month in March to the highest level in nearly a year, figures from Statistics Sweden showed on Wednesday.The unadjuste......
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21.04.26 - 16:03
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US Employment Additions Accelerate As Retail Sales Soar In March (ZeroHedge)
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US Employment Additions Accelerate As Retail Sales Soar In March
BofA's (almost) omnipotent analysts forecasted a stronger than expected retail sales print this morning as tax refunds trump surging gas prices...
BofA credit/debit card spending data suggests stronger retail sales than estimates (consensus 1.4% headline, 1.4% ex auto, 0.2% control group) despite surging gas prices, driven by higher YTD tax refunds pic.twitter.com/6m6UvTpkr0
— zerohedge (@zerohedge) April 21, 2026
Headline retail sales printed +1.7% MoM in March (vs +1.4% MoM exp) - the strongest monthly rise since Jan 2023 - leaving retail sales up 4.0% YoY...
Source: Bloomberg
Under the hood, Gasoline Station spending dominated the surge in spending...
Source: Bloomberg
Automobile Wholesalers saw a sizable decline last month...
Source: Bloomberg
Ex-Autos and Ex-Autos-and-Gas both also beat expectations dramatically (+1.9% MoM vs +1.4% MoM and +0.6% MoM vs +0.3% MoM respectively).
Source: Bloomberg
The Retail Sales Control ...
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21.04.26 - 08:54
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Wage growth hits lowest level since November 2020; unemployment rate unexpectedly falls - business live (The Guardian)
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Rolling coverage of the latest economic and financial newsEconomists are not convinced that the UK's labour market is a healthy one. Thomas Pugh, chief economist at the audit and tax firm RSM, notes that the drop in the unemployment rate was mostly driven by people dropping out of the labour force.Indeed, employment only rose by 24,000 in the three months to February, well below population growth. What's more, the number of people on payrolls contracted slightly in February. Private sector pay growth ex-bonus also slowed slightly from 3.3% to 3.2%. All this suggests that despite the fall in the headline unemployment rate, the labour market remained weak going into the energy crisis.The provisional data for March suggests the labour market weakened last month. Payrolls dropped by 11,000 and the number of vacancies fell again. The risk is that rising energy prices prompt a big pull back in consumer demand while simultaneously pushing up input costs for businesses, which would push the unemployment rate ev...
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21.04.26 - 08:36
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UK unemployment shows surprise fall to 4.9% as pay growth drops to lowest in five years (The Guardian)
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ONS data for three months to February is not expected to alter Bank of England's decision on interest ratesUnemployment in the UK unexpectedly fell in the three months to February, according to official figures – but the fallout from the conflict in the Middle East is expected to cause a rise in job cuts.The Office for National Statistics (ONS) said that the rate of unemployment was 4.9% in the three months to February. This compares with 5.2% in the three months to January, a rate that economists had expected to also see in February. Continue reading......
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