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The unemployment rate has also come down. It last improved to a reading of 4.2% in November, but still held above the 50-year low of 3.5% seen before the pandemic in February 2020.
An economic calendar not only lists daily events, but the volatility levels attached to them. A volatility level refers to the likelihood that a specific event will impact the markets. Economic calendars usually have a three-scale volatility gauge. If an event has a level one volatility, it is not expected to significantly affect the markets.
In May 2020, Chinese Premier Li Keqiang announced that, for the first time in history, the central government would not set an economic growth target for 2020, with the economy having contracted by 6.8% compared to 2019 and China facing an "unpredictable" time. However, the government also stated an intention to create 9 million new urban jobs ...
2020 has been an interesting year in the stock market. ... As we see in the chart below, the market’s bottom coincides with a turnaround in earnings expectations for 2021. ... What to watch ...
In November 2022, the year-over-year inflation rate was 7.1%, the lowest it has been since December 2021 but still much higher than average. [156] Inflation is believed to have played a major role in a decline in the approval rating of President Joe Biden, who took office in January 2021, being net negative starting in October of that year. [157]
In May, energy prices were down 16.7% from the prior year while food prices rose 5.7% over last year, a moderation from the 10.1% jump in food prices seen at the start of the year.
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