The Bureau of Labor Statistics will publish its first jobs report Friday since President Trump fired the agency’s leader after she delivered surprisingly lousy news about spring employment https://t.co/oN7qkhkxG0 ...

It's been a busy morning for economic data. Let's get some more with Rick Santelli. Hi again, Rick.All right. Well, this is good day to watch yields climb up a little bit. I wouldn't be surprised to see stocks do a little better as well.ISM first time look at the August read on the service sector, the important swath to the US economy. And the numbers are good. 52.0% on the services index.Better than expected, sequentially higher than 50.1% in the rearview mirror. That would be the best since Feb of 25 when ...

The ADP report lined up the estimate in our survey, 68 K the previous number one over four with the number this morning. As Mike mccarthy good morning, mike. The morning john i'm looking right now at the number it's 54,050 4000 jobs according to adp comes in lower than the forecast you just mentioned of 68,000 and certainly down from a revised 106,000 last month.So this is not good news for the markets and it is something that was foreshadowed by Governor Chris Waller, who noted that the Fed buys data from ...

RT unusual_whales (@unusual_whales)US ADP nonfarm employment change actual: 54k vs 104k previous; est 68k ...

💥BREAKING:Important data today 👇🇺🇸 ADP Nonfarm Employment🇺🇸 Initial Jobless Claims https://t.co/LWtXDW3aAO ...

Industry Recognition - The report highlights "America's Best Employers For Tech Workers 2025" [1] Data Source - The information is sourced from a URL link: https://t.co/sYuIZPwowU [1] - Additional data may be available at: https://t.co/Npgn7D7YCp [1]

Labor Market Trends - Official data indicates limited evidence of increasing redundancies in Britain [1] - Firms are showing a decreased tendency to hire new employees or replace those who leave [1] - The figures may not fully capture the situation in smaller employers [1]

ISM Manufacturing Analysis - The ISM manufacturing headline number for August is 48.7%, marking the sixth consecutive month below 50, indicating contraction [1] - Despite being in contraction territory, 48.7% is the best number since June [1] Prices Paid - The prices paid number is 63.7%, the smallest since February, suggesting easing inflationary pressures [2] New Orders - New orders stand at 51.4%, exceeding 50 and indicating expansion, reaching levels last seen in January [2] Employment - The employment component is 43.8%, reflecting weakness and comping to the weakest level since last month [3] - This marks the seventh consecutive month of employment component in contraction territory (under 50) [3] Construction Spending - July construction spending is reported at -0.1%, aligning with expectations [3] - This is the best number since April when it was positive at positive one-tenth of a percent [4]

Employment Trends - AI is expected to change work by shrinking the workforce and boosting productivity [1] - Stanford data indicates a 13% drop in employment for workers under 25 in jobs most exposed to AI [2] - MAG7 companies are reducing middle management, with Alphabet cutting 35% of small team managers [3] Company Strategies - Companies are seeing initial productivity gains from AI experiments, but widespread efficiency is still a challenge [1] - Companies are freeing up resources for AI development by cutting back middle management [4] - Companies are removing layers of leadership to speed up product cycles [4] Efficiency Gains - One manager is now able to do the work of three with the deployment of generative AI tools internally [5] - Microsoft is shedding 15,000 roles [3] - Amazon is pushing to flatten their org chart [3]

Economic Overview - Pre-market futures are improving following the release of major economic numbers, despite a drawback in EU markets due to rising unemployment and inflation in Germany [1] - U.S. indexes are experiencing volatility, with the small-cap Russell 2000 showing gains while other major indexes remain in the red [1] PCE and Inflation Metrics - July Personal Consumption Expenditures (PCE) figures were in-line with expectations, indicating no hindrance to the anticipated 25 basis point rate cut for the September Fed meeting [2] - Personal Income for July increased by 0.4%, the strongest since April, while Personal Spending rose by 0.5%, marking the highest increase since March [3] - The headline PCE Index showed a month-over-month increase of 0.2%, the lowest since May, with a year-over-year increase of 2.6%, consistent with the previous month [4] - Core PCE, excluding food and energy, increased by 0.3% month-over-month and 2.9% year-over-year, indicating stability in inflation metrics [5] Employment and Economic Indicators - Fed Chair Jerome Powell's focus has shifted from inflation to employment concerns, with July's non-farm payrolls showing an increase of 73K, which is below the previous four-month average of 54K [8] - A significant upward revision in PCE would be necessary to alter the current outlook, as weakening employment is influencing the decision for a rate cut [9] Trade and Inventory Data - Advanced Trade in Goods for July reported a deficit of $103 billion, which was more than $10 billion lower than anticipated [10] - Advanced Retail Inventories and Wholesale Inventories both reported a month-over-month increase of 0.2%, indicating stable inventory levels [11] Market Expectations - The upcoming week will feature new jobs reports, including July JOLTS numbers and private-sector payrolls from ADP, leading up to the significant BLS non-farm payrolls report [12]