Weekly jobless claims soar
Consumer spending sluggish or slowing in nearly all districts
Core rate holds steady
Core rate edges higher
Gains widespread as sales increase in 16 of 21 industries
Higher construction prices boost spending
The Organization for Economic Co-operation and Development reports that the latest composite leading indicators (CLIs) point strongly to a slowdown in economic activity throughout most OECD countries.The latest data for May indicate a continued weakening outlook for all the major seven economies, except Japan and Italy. Overall, the CLI for the OECD area decreased by […]
Companies in Western Canada looking to invest
Poor state of labour market portends weak consumer spending