We expect a net increase in total employment of 120,000 over the two months, including an increase of 80,000 jobs in the October report and a slowing to 40,000 in November. … READ MORE >
Tuan Nguyen
Job openings jump, but the labor market’s weak spot shows
Much of the gains in nob openings appeared concentrated among small businesses, most likely in leisure and hospitality, pointing to seasonal rather than structural hiring momentum. … READ MORE >
Business spending on equipment rises as uncertainty eases
American businesses in September posted a third straight month of strong spending growth after a period of extreme volatility. … READ MORE >
Retail sales fall below forecasts as demand slows
The shift in the spending cycle because of tariffs might explain why consumers pulled back in September after front-running new tariffs over the summer. … READ MORE >
Falling demand suggests further labor market deterioration
Fresh data from ADP, Revelio Labs and Challenger, Gray & Christmas all point to the prospect that weakness in labor demand is becoming entrenched and is not temporary. … READ MORE >
Manufacturing slows in October as trade pressures persist, ISM reports
The manufacturing purchasing managers’ index fell to 48.7 from 49.1, with any reading below 50 indicating contraction. … READ MORE >
Consumer confidence dips as markets rally
Consumer confidence slid again in October, a stark contrast to the high-flying rally in the equity markets—a reflection of what we call the K-shaped economy. … READ MORE >
Job openings inch up in August as labor market stabilizes
The labor market continued to rebound on the month after bottoming out in May and June. … READ MORE >
Canada’s economy in sore need of an interest rate cut as job losses mount
Canada’s economy lost jobs in back-to-back months for the first time since 2021, pushing the odds of an interest rate cut this month significantly higher. … READ MORE >
Job openings slow further as labor market reaches its target
July’s data on job openings, quits and layoffs reaffirmed that the Federal Reserve is at its target when it comes to the employment mandate. … READ MORE >