Greetings,
United States: The December payrolls increase surprised to the downside again.
At the same time, the unemployment rate dipped below 4% for the first time in this cycle. The divergence points to further tightening in the labor market.
Underemployment (U-6) is nearly back to pre-COVID levels.
Europe: Here is the share of individuals living in rural areas vs. cities with “basic” or “above basic” digital skills.
China: Assuming these figures are correct, Beijing has made tremendous progress fighting pollution.
Emerging Markets: This chart shows EM external vulnerability rankings from Alpine Macro.
Commodities: Demand factors dominate copper’s pricing outlook.
Food for Thought: Prevalence of modern slavery:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
