US credit card debt leaps
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 American households are struggling as inflation pressures consume their reserves.
In the US there were 181,000 new initial jobless claims last week, about what seasonal factors would have indicated. There are now 1.735 mln people on these benefits, lower than at this time last year, but still above two year-ago levels.
And there were 83,000 reported job cuts in April, a…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.