The rise in the job openings rate to a record high of 3.9% in July, from 3.8%, suggests that, despite the slowdown in payroll gains in August, labour market conditions continue to tighten, which...

The unexpected slump in the ISM non-manufacturing index to a six-year low of 51.4 in August, from 55.5, should all but rule out any possibility of a September rate hike, particularly as the...

The gradual decline in the unemployment rate over the past couple of years has generated a cyclical rebound in labour’s share of income, which we suspect has further to run. At first glance, this...

After providing a small but valuable contribution to growth over the past couple of years, residential investment unexpectedly became a drag in the second quarter, contracting at a 7.7% annualised...