US jobs market weakens as inflation expectations remain elevated
The US jobs market has softened while inflation expectations stay high, amid mixed global economic signals including strong Canadian employment.
The US jobs market has shown signs of weakness, even as inflation expectations remain elevated. Canada's jobs market performed strongly in the same period. Global commodity markets responded with gold prices jumping and oil prices rising, while China's gold holdings increased and exports surged alongside Taiwan's exports.
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Weekend briefing: US takes defeats in Hormuz and in their jobs market
US jobs market goes soft, inflation expectations stay high; Canada jobs market strong; China & Taiwan exports surge; China gold holdings jump; UST 10yr at 4.64%; gold jumps; oil prices rise; NZ$1 = 58.9 USc; TWI-5 = 62.5