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U.S. unemployment holds steady at 3.6% in May, but jobs growth slows

Employers added just 75,000 jobs during the month

U.S. productivity grew at solid 3.4% rate in first quarter

Gain was more than double the productivity growth in Q4 2018

U.S. trade deficit smaller in April, but gap with China grew

Exports and imports both fell 2.2%

Geopolitics and clients’ portfolios

Tensions between the U.S. and China will likely manifest over the long term, says a National Bank report

  • By: IE Staff
  • June 3, 2019 October 31, 2019
  • 13:53

U.S., Mexico officials to begin talks over tariffs, border

Trump’s allies have warned about tariffs harming the U.S. economy

U.S. manufacturing cooled down in May

Economists were predicting a slight uptick for the sector

Minutes from last Fed meeting indicate rate cuts are unlikely

Some on the Fed board think future rate hikes may be necessary

U.S. consumer spending surges 0.9% in March

Jump suggests economy had solid momentum going into the April-June quarter

Trump says Cain withdraws from consideration for Fed seat

Herman Cain’s nomination had raised concerns about the Fed's ability to remain politically independent

U.S. home sales fall 4.9% in slow start to spring buying season

The drop followed an 11.2% gain the previous month