The Monday Mix: Jan. 2 – 8, 2023
Top-of-mind economic headlines as we start the week:
— The US job market finished 2022 well, with nonfarm payrolls up 223,000 in Dec. and unemployment at just 3.5%, both better than expected.
— US manufacturing activity contracted in both Oct. and Nov. after 29 straight months of expansion, per a key index.
— The US trade deficit decreased in Nov., as imports fell more than exports, a sign of slowing consumer demand.
— China opened its borders this past weekend for the first time in three years (due to Covid-19 restrictions and lockdowns).
— There was a dramatic 22% drop in green bond issuance in 2022 to fund renewable energy, other sustainability efforts, largely attributable to higher interest rates.
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