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Evercore: Q2 GDP, PCE data came in stronger than expected, but 'not enough to seriously challenge' expected September Fed rate cut; robust figures driven by surge of immigrant workers, strong domestic labor force participation, healthy productivity levels

US unemployment insurance claims in week ended Jul. 20 fell by 10,000 from the previous week to 235,000, four-week moving average increased by 250 to 235,500; total continued weeks claimed for benefits at 1.97 million in week ended Jul. 6: Dept. of Labor

Canada's payroll employment increased by 41,000 or 0.2% in May led by health care and social assistance, educational services, retail trade and transportation and warehousing; average weekly earnings rose 0.8% to C$1,252: Statistics Canada

Union Budget 2024 outlines progressive growth plan with a ₹11.11 lakh crore infrastructure outlay; focuses on employment, skilling, manufacturing, women's empowerment, and R&D

Commentary: Baby boomer retirements are a powerful force likely to keep wage and price increases higher than normal over next few years; industries with large shares of older workers include manufacturing, transportation, warehousing and health care

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