Top-of-mind economic news as we start the week:
— The US economy added 467,000 new jobs in Jan., much more than expected despite ongoing pandemic; wages rose 0.7% in Jan. and are up 5.7% the past 12 months.
— US equities finished Jan. in the red, with the NASDAQ down 9% and S&P down 5%, on concerns about tightening monetary policy to fight inflation.
— The yield on the 10-year Treasury rose to 1.9%, the highest level since Dec. 2019, as the strong Jan. jobs report made interest rate increases more likely.
— Earnings for US industrial companies were up 90% in 2021, the most of any sector, reflecting a rebound from 2020’s low levels as well as growth.
— The California Senate passed the first US bill requiring companies with more than $1 billion in annual revenue to report on their greenhouse gas emissions; includes emissions created by company’s supply chain.
Disclaimer: Clicking on any of the above links will take you away from the LNW web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.