Susan Collins, president and chief executive officer of the Federal Reserve Bank of Boston, during a Bloomberg Television interview at the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Friday, Aug. 22, 2025.Boston Federal Reserve President Susan Collins on Wednesday said she will be reluctant to support further interest rate cuts anytime soon with inflation still high and policymakers hampered by a lack of data due to the government shutdown."Given my baselin ...

Decent alternatives to official data exist for employment, housing and goods prices. But services are varied and harder to measure using private-sector data https://t.co/wOqNmIHfj3 ...

A bestselling memoir has illuminated gig work in China. Many young people are questioning the meaning of employment as they ponder their futures according to the author https://t.co/w4FhSj2YeF ...

Core Points - The ongoing government shutdown has delayed the release of key economic data, including the October jobs report, marking the longest shutdown in U.S. history [1][4] - The Bureau of Labor Statistics (BLS) has not resumed normal operations due to the shutdown, affecting the timely release of employment data [2][4] - Previous shutdowns have shown that delayed reports can be released shortly after the government reopens, but the October jobs report may not be available until early December if the shutdown continues [10][11] Economic Impact - The October employment report is the latest in a series of delayed economic reports, including the September jobs report and key GDP data from the Commerce Department [4][8] - Layoffs in October reached the highest level for the month in 22 years, attributed to cost-cutting measures and the impact of AI [5] - Goldman Sachs economists predict that if the government reopens in mid-November, the September jobs report could be released shortly after, but the October report would likely be delayed until early December [10][11]

The Canadian economy added 66,600 jobs in October, marking a second consecutive month of surprise employment gains https://t.co/S3OWpaBNc8 ...

A bestselling memoir has illuminated gig work in China. Many young people are questioning the meaning of employment as they ponder their futures according to the author https://t.co/foFwsyVhcj ...

ISM Services Data - October ISM services headline is strong at 524%, exceeding expectations [1] - The headline is 250 basis points above the previous reading, showing sequential strength [1] - This is the best reading since February of this year, when it was 535% [1] Prices Paid - Prices paid are moving upwards, reaching 700% [1] - This is above the expected 680% - 694% [1] - It represents the highest prices paid since October 2022 [2] New Orders - New orders are also well above expectations, reaching a notable 562% [2] - This marks the highest level in one year, dating back to October of the previous year [2] Employment - ADP employment data is better than expected, although not exceptionally strong, at 482% [3] - While still in contraction territory, it surpasses the previous 472% [3] - This is the best reading since May, when it was last in expansion territory at 507% [3] Market Reaction - Trading is at 414, up a few basis points, hovering near the highest closes since early October [3]

Core Insights - The ISM services index for October shows strong performance at 52.4%, significantly above expectations and marking the best result since February of this year [1] - Prices paid have increased to 70.0%, the highest since October 2022, indicating inflationary pressures [2] - New orders have also exceeded expectations at 56.2%, representing a one-year high [2] - Employment data from ADP indicates a slight improvement at 48.2%, although still in contraction territory, marking the best performance since May [3] - Current trading levels are around 414, reflecting a slight increase and some of the highest closes since early October [3]

Election Analysis & Political Landscape - The shutdown played a big part in the election results, especially in Northern Virginia suburbs of Washington [2] - Focusing on a message of affordability, which still touches Donald Trump but doesn't directly invoke him every single time, is a roadmap for Democrats [5] - Approximately 47% of voters said they weren't voting directly as a referendum on Donald Trump [6] - Voters' top issues were the economy, employment, and basic kitchen table issues, which Donald Trump put his stamp directly on [7] - The idea of female electability is being disrupted, expanding the paradigm of what Virginia is [9][10] - Donald Trump's approval rating is at 37%, with 63% disapproval, and 68% of people say the state of the country is bad, while 72% say the state of the economy is bad [30] Republican Party & Trump's Influence - Conservative institutions do not have the same kind of influence as they once had because the populists are the majority partner in the Republican coalition [16][17] - Republican members of Congress are going to look to Trump because his relationship with Republican voters remains so strong [19][20][21] - Some criticism of the Pentagon is emerging from Republican Senators [26] Candidate Qualities & Democratic Strategy - The quality of candidates matters, and Democrats have some great ones [12] - Speaking to people's concerns is a really big deal [28]

Employment at US companies increased in October, signaling some stabilization in the job market after two straight months of declines https://t.co/NJtbWN35kZ ...