Rolling coverage of the latest economic and financial news
- Latest: ECB slows PEPP stimulus programme
- Lagarde: The lady isn’t tapering
- Growth and inflation forecasts nudged up
Earlier:
- More UK firms struggle to find workers, as costs rise
- Lack of candidates and fewer EU workers cited
- European markets hit by growth and China worries
- FTSE 100 falls to three-week low
- Computacenter: supply chain shortages to last ‘well into next year’
Heads-up: The South China Morning Post have updated their story about China’s clampdown on gaming — saying regulators have “temporarily slowed their approvals of new online games” (not suspended, as it said before…)
Here’s a handy thread on the US jobless claims, from Oxford Economics’ Greg Daco:
Encouraging⬇️ in initial claims for #unemployment benefits to new pandemic low in w-e Sep4
Regular claims
310k (SA): -35k
284k (NSA): -8k
30 states⬇️
Big ⬇️in MO, FL, NY, GA partially offset by
Big ⬆️in LA, CA, VA
PUA (NSA): 96k (-6k)
Total claims ⬇️ to 380k (NSA) pic.twitter.com/40EBnOGbbH
Continuing #unemployment benefits claims rose in w-e Aug 21
2.7mn on Regular benefits (-134k)
5.1mn on PUA (-323k)
3.8mn on PEUC benefits (+8k)
311k on Extended benefits (+197k)
————————
11.9mn claims (-256k) pic.twitter.com/FOo9ROaqN9
#HurricaneIda led to a 7,223k surge in initial claims for #unemployment in Louisiana last week (+356%), and there may be further increases this week pic.twitter.com/DucJPUpfQg