Job market is in a weaker spot than it was a few weeks ago, says Morning Consult's Leer

Labor Market Trends - The labor market has weakened over the last four weeks [2] - Weakness is observed in higher income segments, impacting spending [2] - Uncertainty from tariffs and AI's substitution of labor for capital are contributing factors [3] - The period of robust jobs growth and record low unemployment is ending [4] Data and Analysis - Government data may not be adequate for corporate decision makers, policy makers, or investors [6] - Alternative, high-frequency data sources are gaining adoption for deeper market segmentation [7] - The government shutdown has exacerbated the trend towards using alternative data sources [7] Policy Implications - Important policy decisions like interest rates should acknowledge the weaker labor market [5]