Labouring the point

Financial markets have spent the week recalibrating after last Friday’s much weaker-than-expected US payrolls data: government bond yields have declined sharply, while equity markets have remained perky off hopes of a gentler policy path and still-resilient earnings. Even so, the medium-term growth lens has arguably continue to dim. In our charts this week we focus on:

• The Blue Chip growth consensus
• US payroll revisions
• Healthcare employment
• China's trade with the US and Asia
• Private sector indebtedness
• Global supply chain pressures