The US jobs report for August disappointed, with only 142,000 jobs created
Even as the US manufacturing economy continued to gain steam…
And US car sales surged in August
Meanwhile, Canadian auto exports have surged, confirming demand south of the border
And Mexican remittances have fallen from the typical Mother’s Day peak. They’re up more 8% from last year, growing demand for workers in the US.
In Europe, the ECB’s surprise rate cut and quantitative easing announcement was the big news
The announcement means the ECB will join the global money-creation party
As second-quarter growth remained weak
And down in Australia, the remarkable run of economic growth continued
