9 June 2014



Today’s Issue Cluster: US Labor

EU – Lagarde Ponders Beijing-Based IMF
Livestock – Virus Killing 8m Pigs
Carbon – Chinese official plays down emission cut expectations


MAJOR DATA POINTS

Japan – Q1: Economy Grew More Than Initially Estimated; +6.7% was +5.9% / B / WSJ / AP / R / b *

China – May: Exports Up; +7.0% from +0.9% / WSJ / B / FT / AP / R / b *


MARKETS

Euro – Withstands ECB’s easing onslaught FT *


ECONOMICS

EU – The Challenge of Measuring the Shadow Economy WSJ *

EU – German Central Bank Lifts Economic Growth Projection WSJ *

EU – Private-Sector Oriented Countries Delivering Strongest Growth WSJ *


POLITICS & FISCAL POLICY

EU – Juncker row reveals Germany’s frustration with UK FT / FT / FT

EU – Berlin Divided in Spat over Commmission S *

EU – Lagarde Ponders Beijing-Based IMF B


MONETARY POLICY

ECB – €400b in cheap bank loans ‘star of show’ FT / WSJ / AP / R / WSJ *


FINANCE

EU – Litigation risk is increasing r *

EU – Weak banks are squeezing the life out of Italian economy E *


REAL ESTATE



SERVICES



MANUFACTURING



TECH

Uber – Gets an Uber-Valuation WSJ / FT / R / B * * *


TRADE & TRANSPORTATION

Air – United Continental Struggles to Stabilize WSJ *

Air – Low-Cost Carriers Threaten Long-Haul Business of Big Rivals WSJ

Air – US Proposes Requiring Airlines to Disclose More Fees WSJ / NYT *

Air – Mergers have resulted in service cuts *


COMMODITIES

Livestock – Virus Killing 8m Pigs B / R / R / r *

Livestock – Young-Cattle Futures Surge in Sign of Higher Beef Prices Ahead WSJ *

Livestock – ‘Pink Slime’ Makes Comeback as Beef Prices Spike WSJ *


ENERGY & ENVIRONMENT

Carbon – Cost of US cuts likely to be modest, analysts say FT

Carbon – Feds could impose air plan on Arizona AP / NYT *

Carbon – Texas Program Lures Climate Skeptics B *

Carbon – Obama’s green gamble E * *

Carbon – Chinese official plays down emission cut expectations R


LABOR & EDUCATION

US – Jobs Return to Peak, but Quality Lags WSJ / FT / AP *

US – Unemployment rate held steady at 6.3% / r *

US – Payrolls and ISM employment index / r *

US – Unemployment rates by race, ethnicity / r *

US – UE duration down, discouraged down, participation rate steady / r *

US – Underemployed / r *

US – New- and re-entrants / r *

US – Recovery Charts / cr / cr * *

US – Taking Longer After Each Recession To Get Back to Normal / wsj *

US – Two Charts / q * *

US – American and European Job Markets Take Different Paths NYT *

US – Labor market participation / r *

US – Labor force participation down while UK’s is up ManInst * *

US – Labor market participation on long-term downward trend cr *

US – For Those Out of Work, Scant Optimism in Finding the Next Job wsj *

US – More Gloom for the Long-Term Unemployed wsj * *

US – Beveridge curve, December 2000–March 2014 BLS*

US – Factory-Job Rebound Produces Winners, Losers WSJ * *

US – Govt Jobs: Slow Hiring + More Retirements = Tepid Recovery wsj * *

US – Weak Wages Pose Threat to Liftoff for Economy WSJ *


HEALTH



ENDNOTE

The league table of attendance at sporting events e *


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