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 the dollar share of its $125bn sovereign-wealth fund. “We aren’t aiming to ditch the dollar,” Mr. Putin has said. “The dollar is ditching us.”
Will China follow the trail blazed by Russia? China’s first attempt to bypass the dollar was bungled. After the financial crisis in 2007-09 it promoted the international use of the yuan and pressed for it to become part of the IMF’s “Special Drawing Rights”, in effect receiving the fund’s imprimatur as a reserve currency.
China set up currency swap deals with foreign central banks (it has done over 35). There was heady talk of the yuan challenging the dollar for the top spot by 2020. Then came a stock market panic in 2015 and the government clumsily tightened capital controls.
Employment Situation-November
Total nonfarm payroll employment rose by 266,000 in November, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported. Notable job gains occurred in health care and professional and technical services. Employment rose in manufacturing, reflecting the return of workers from the GM strike.
Employment Situation - December
Total nonfarm payroll employment rose by 145,000 in December, and the unemployment rate was unchanged at 3.5 percent. Notable job gains occurred in retail trade and health care, while mining lost jobs.
Consumer Price Index
In December, the Consumer Price Index for All Urban Consumers rose 0.2 percent on a seasonally adjusted
basis, increasing 2.3 percent over the last 12 months, not seasonally adjust- ed. The index for all items less food and energy rose 0.1 percent in December (SA); up 2.3 percent over the year (NSA).
Employment Situation – Jan. 2020
Total nonfarm payroll employment rose by 225,000 in January, and the unemployment rate was little changed at 3.6 percent, the U.S. Bureau of Labor Statistics reported. Notable job gains occurred in con- struction, in health care, and trans- portation and warehousing.
The number of long-term unem- ployed (those jobless for 27 weeks or more), at 1.2 million, was unchanged in January. These individuals accounted for 19.9 percent of the unemployed. n
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Camila | at age 10 bone cancer
                      soundwave - Winter ’20














































































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