Hello. Today we look at how employment is recovering in much of the developed world, surging raw materials prices and China’s outlook.
Road to Recovery
A look across the jobs scene across the developed world gives reason for optimism, and a warning against complacency.
First the optimism: American payrolls data due Friday is forecast to show almost a million new positions secured in April after March numbers blew away economists’ expectations.
Europe’s rebound is slower, but headed in the right direction. Unemployment is also ticking lower again in Japan and South Korea’s steadier labor markets. Canada has recovered 90% of the positions lost from the coronavirus shock, while Australia has clawed all the way back to its pre-Covid total employment level.