Lots of data, few gains
Kia ora,
Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
Today we lead with news of plenty of gritty data, but none of it really amounting to anything significant.
Actual US initial jobless claims rose +32,000 last week to 331,000. But that was a lesser rise than seasonal factors would suggest so they are taking that as a 'win'. There are now 2.31 mln people on these benefits, up from 2.27 mln this time last year and that is a post-pandemic high…
The skinny
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