In the United States, the unemployment rate in June was 3.6%, wages rose by 5.1%, and consumer price rose by 9%, leading to a low unemployment rate that stimulates inflation.
The U.S. Department of Labor said the unemployment rate in June employment statistics was 3.6%, similar to the previous month and 3.5% in February 2020 just before the coronavirus.
In the US, the Consumer Price Index (CPI) for June 12, Bloomberg's forecast, was higher than May (+8.6% from the previous year) from 8.8% to 9.0%. The official announcement of the Ministry of Commerce is on the 13th.
Regarding the CPI's forecast of a 9.0% rise, UBS said, "It will be the highest monthly increase since September 2005, adjusted for seasonal factors." In addition, food, new and used cars, monthly rent, air ticket prices, etc. rose a lot,” he said.
U.S. employment increased by 37.2 million workers in the non-agricultural sector from the previous month, and the growth rate slowed slightly from May, but the job market grew more than expected by 270,000. By the 5th of this month, it is expected to decline by 22%, and the gasoline increase in July is expected to be nearly half that of June.
Korea's market money supply in May stood at 3696.9 trillion won based on M2, an increase of 29.8 trillion won (0.8%) from the previous month.
The Bank of Korea announced on the 12th that M2 increased 9.3% YoY in May and 9.4% YoY in April.
Korea's market currency M2 has increased rapidly to more than 10% for 15 consecutive months from January 2021 (10.1%), and is showing an increase of 9.4% in April and 9.3% in May.
The money supply in the corporate sector, where loan support was concentrated on the information stimulus policy, recorded 1093 trillion won in May, an increase of 1.3% from 13.7 trillion won the previous month.
As the funds paid by the government to compensate for the loss of small businesses through the supplementary budget were released, the money supply in other sectors in May surged by 7.9 trillion won (4.0%) to 205.5 trillion won.
In the presidential business report on the 12th, the Ministry of Trade, Industry and Energy adopted a policy to strengthen tax deduction benefits for new growth/source technologies and national strategic technologies with an investment of 337 trillion won by improving 53 regulations to ‘invigorate private investment in private-led growth’.