| Today's Economy
Economic Roundup: Layoffs Slide in June Despite June's drop, year-to-date job cut announcements are at their highest since 2020. Final Thoughts Ahead of June U.S. Employment We look for the economy to have added 95,000 jobs in June. GOP Reconciliation Bill Clears the Senate, but at What Cost? Larger tax and spending hikes and fewer offsets make the Senate bill more expensive than the House version. Europe Daily Briefing: Unemployment Inches Higher Unemployment rate ticks higher, labor market still strong. » VIEW MORE TODAY'S ECONOMY
Commentary
U.K. Outlook: First-Quarter Strength Another False Dawn Muted growth, stubborn inflation and fiscal fragility will remain the dominant themes. CRE Preliminary Trend Analysis: 2025Q2 CRE performance weakened in the second quarter of 2025. U.S. Chartbook: A Broad Cooldown Recent data show steady slowing across the economy after GDP's first-quarter decline. Euro Zone Inflation Tracker: Mission Accomplished? We are bidding farewell to the inflation tracker as May's print dips below the 2% target. » VIEW MORE COMMENTARY
Today's Economic Indicators
Italy
Unemployment
May. 2025: 6.5%
In May, Italy’s unemployment rate jumped to 6.5% from an upwardly revised 6.1% in April, as more people reentered the labour market. Hong Kong SAR (China)
Retail Sales
May. 2025: 2.4% y/y
Hong Kong retail sales grew 2.4% year over year in value terms in May, the first positive print in 15 months. Euro Zone
Unemployment
May. 2025: 6.3%
The euro zone unemployment rate increased in May to 6.3% from 6.2% in April. United States
MBA Mortgage Applications Survey
June 27: 2.7%
A decline in rates across the board sparked borrower interest in both market segments last week, with the Mortgage Bankers Association composite index of mortgage applications rising 2.7%. United States
Challenger Report
Jun. 2025: 47,999
Job cuts announced by U.S.-based companies were cut in half in June. Brazil
Industrial Production
May. 2025: 3.1% y/y
Brazilian industrial production continued to advance in May at a pace consistent with its production capacity. United States
Oil Inventories
June 27: 419.0 mil barrels
A surprise oil inventory build last week could put some downward pressure on crude prices. Russian Federation
GDP
2025Q1: 1.4% y/y
United States
Vehicle Sales - BEA
Jun. 2025: 15.3 mil, SAAR
U.S. light-vehicle sales declined for the second consecutive month in June, reflecting a moderation in demand following a robust spring performance that was largely driven by anticipatory purchases amid tariff uncertainty. Australia
Foreign Trade
May. 2025:
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