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US: Initial Jobless Claims fell to 340K

According to the Labour Department, the Americans that filed in their first initial claims for regular state unemployment-insurance benefits fell by 7K last week to a seasonally adjusted 340K in the week ended March 3, exceeding expectations at 355K and coming from 347K (revised) in the previous print.

Continuing claims, which reflect people already receiving benefits, rose by 3K to a seasonally adjusted 3.094 million in the week ended February 24 vs. 3.0.91 million in the previous week (revised).

US: Trade deficit widened to $44.45 billion in January

The Commerce Department has informed that the trade deficit during the month of January has widened to $44.45 billion from $38.14 billion in the previous month. Consensus was calling for a deficit of $43.00 billion...
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Forex Flash: Productivity growth is the paramount driver of US long-term growth – Goldman Sachs

According to the Economics Research Team at Goldman Sachs, “We take stock of the latest evidence on productivity growth in the US and review the implications for markets. Many economic scenarios that would be bearish for rates and credit spreads, and for risky assets more generally, tend to involve the risk that productivity growth slows and drags down the trajectory of long-run growth.”
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