Jobs Slip, Boeing Shakes, Apple’s Magic Wanes: This Week by the Numbers

Here’s a quick look at what the numbers are telling us this week:

 

Unemployment is creeping up.
 

The overall jobless rate across the OECD is still under 5%, which sounds steady, but there are warning signs. Youth unemployment is stubbornly high at over 11%, and some countries are seeing their numbers tick up. In places like Sweden and Spain, young people are having a much harder time finding work compared to older adults.

 

Boeing can’t catch a break.
 

Boeing’s year just keeps getting rougher. After a fatal Air India crash involving a Dreamliner, regulators are taking a closer look at the company’s safety record. Boeing is still dealing with big financial losses from last year and has been forced to lay off workers, sell assets, and borrow more money. At the same time, Airbus is quietly taking a bigger slice of the market, making things even tougher for Boeing.

 

Apple’s new tech isn’t wowing anyone.
 

Apple’s stock slipped after its latest developer conference. Investors were hoping for a big leap forward in artificial intelligence, but the new features just didn’t impress. Apple shares are down 20% this year, and people are starting to wonder if the company is falling behind rivals like Google and Microsoft when it comes to innovation.

 

All in all, these charts show that even the biggest names and strongest economies aren’t immune to a little turbulence.

 

Source: S&P Global, Advisor Perspectives, Washington Morning, Angel One, OECD