World Perspectives

October Jobs Report Tepid

The Bureau of Labor Statistics (BLS) released the October jobs report this morning.  Total nonfarm payroll employment was essentially unchanged in October (+12,000), and the unemployment rate was unchanged at 4.1 percent.  The pre-report consensus was for an additional 100,000 payroll jobs.  The October report was, excluding 2020, which was the first year of COVID, the smallest gain for any month since early 2019. As WPI noted on 29 October, the September payroll report had some bullish topline numbers, but digging deeper into the report showed some signs of potential concern.   Despite job growth (of 254,000 new jobs), the total hours worked slipped downward in September, to an average of 34.2-hour work week.&...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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