The Monday Mix: March 28 – April 3, 2022

Top-of-mind economic news as we start the week:

US factory orders in Feb. were down 0.5%, 1st monthly drop since April 2021, on supply shortages, higher prices and post-Covid focus on services vs. goods. 

US unemployment rate fell to 3.6% as nearly all jobs lost during the pandemic have been regained; wages, however, are not rising fast enough to offset inflation.

US corporate profit margins likely hit a record high of 13% in 1st quarter 2022, driven by price increases on top of strong consumer demand.  

— To offset higher oil prices due to the invasion of Ukraine, the US will release 1 million barrels of oil per day (a record) from the strategic reserve during the next six months. 

Canada issued $5 billion in “green bonds” to finance major new investments in environmentally sound infrastructure.

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.