Core Insights - Inflation is significantly impacting US incomes, comparable to the 2008 Great Recession, which may reduce consumer spending power ahead of the holiday shopping season [1] - The median income growth for individuals aged 25 to 54 is only 1.6% when adjusted for inflation, indicating weak income growth [1][10] - The unemployment rate increased to 4.4% in September, the highest since October 2021, affecting income gains for young workers [6][13] Income and Spending Trends - Households are ending the year with stagnant income growth and flat bank balances after adjusting for inflation [2] - Approximately half of workers aged 50 to 54 have experienced an earnings loss when accounting for inflation [8] - Consumers are facing a holiday season with limited budgets due to low income growth, despite strong stock market gains that are unevenly distributed [11] Inflation and Economic Indicators - US inflation rose by 3% year-on-year in September, the fastest rate since January, while wholesale inflation increased by only 0.3% [12][14] - Retail sales saw a nominal increase of 0.2% in September, but actual spending fell by 0.1% due to a 0.3% rise in prices [12] - Consumer confidence dropped to 88.7 in November, the lowest since April, with a significant decline in perceptions of business conditions and job availability [14]

what's going on here. What are some of the inputs and how striking was this data to you. >> Yeah, I think I have a a little bit of a less optimistic view of the consumer than Michelle was talking about earlier.So, yeah, broad-based decline in consumer confidence in November uh across jobs, incomes and uh financial situation expectations and uh that is probably due to a government shutdown. remember we were still uh you know in a shutdown uh kind of mode uh during most of November and uh I think we will see ...

We got weekly jobless numbers from ADP and Steve Leeman's got those numbers and a special guest. Good morning, Steve. >> Good morning, Andrew.ADP reporting it is preliminary weekly change in payrolls for the week ending November 8th. The four-week average of weekly jobless ch job changes declining by 13,500 per week. Worse than the prior week, which was actually revised down from -2500 to -7,500.This is a new data series and subject to revision. We're figuring how to work with this. A lot of volatility.The ...

Hey everyone and thanks for jumping back into the cryptoverse. Today we're going to talk about the most recent labor market report and how the unemployment rate has now risen to 4.4%. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and check out the sale on into the cryptoverse premium at into the cryptoverse.com. Let's go ahead and jump in. So very expectedly the unemployment rate has risen to 4.4%.I believe that you know a couple of months ago when they di ...

[music] Welcome to Meet the Press Now. I'm Kristen Welker in Washington where the White House is defending some extremely incendiary comments by the president today, criticizing a group of Democrats for their comments about the military and suggesting those Democrats actions are punishable by death. We'll have much more on all of that. and the firestorm and the reaction on Capitol Hill in just a moment. But it comes as the administration is confronting some dismal new poll numbers on how Americans feel abou ...

How is the central bank looking at this data. Let's bring in Ben Emmens, founder and chief investment officer at Fed Watch Advisors. Ben, it's good to have you.There is such a data vortex right now. How much stock should we put into the September report, the revisions from August and net net what that means for the Fed. >> Hi Lesie.Well, I I felt it was a bullish report because as you mentioned, this unemployment rate rising was really for the good reason. You know, the report showed there was about 475,000 ...

Core Insights - The U.S. economy added 119,000 jobs in September, exceeding forecasts of 50,000, while the unemployment rate rose to 4.4% from 4.3% [1][7] - The report indicates a mixed picture of the labor market's health, with job creation rebounding after a summer slowdown [2][3] Job Market Performance - Job creation in September was the highest since May but below the monthly average of 147,000 jobs over the previous 12 months [3] - The unemployment rate increase was attributed to more job-seekers rather than layoffs, with the labor force participation rate rising to 62.4% [3] Sector Contributions - Most job gains were seen in the health care, leisure, and retail sectors, while federal government employment fell by 3,000 and manufacturing lost 6,000 jobs [4] Survey Insights - The job market report is based on two surveys: one from employers showing high job growth and another from households indicating a higher unemployment rate [8][9] - The government shutdown disrupted the surveys, leading to the cancellation of the October jobs report, which is unprecedented [10]

Job Growth and Economic Indicators - The September jobs report indicates that 119,000 jobs were added to the economy, with a slight increase in the unemployment rate to 4.4% [1][2] - The report is considered solid, showing job growth and increased participation in the labor force, which is viewed positively by the Labor Secretary [2][4] - Since President Trump took office, nearly 2 million jobs have been created for native-born Americans, with 97,000 of the new jobs reported in the private sector [3][4] Sector-Specific Insights - The construction sector saw an increase of about 20,000 jobs, reflecting the administration's focus on infrastructure and permitting reforms [5][8] - Manufacturing job growth has not met expectations yet, but future investments and trade deals are anticipated to improve this sector [6][9] - The healthcare sector also experienced job growth, contributing to the overall positive employment landscape [9] Future Outlook - The administration is working to ensure that skilled workers are available for jobs, with a focus on reducing the unemployment rate further [7] - Investments totaling $18 trillion are expected to bring more manufacturing jobs online in the future, particularly in data centers and the traded sector [6]

ToplineThe unemployment rate increased in September despite a surge in added jobs, according to delayed Bureau of Labor Statistics data released Thursday, marking a long-awaited snapshot into the economy as Wall Street anticipated a sharp decline in hiring in recent months. The economic data, delayed by more than a month, offers a snapshot of the labor market as large-scale layoffs were announced in recent weeks.Copyright 2021 The Associated Press. All rights reserved.Key FactsThe unemployment rate increase ...

With the jobs number. Here's my Mickey. Come on in, Mike.Good morning, John. 119,000 jobs during the month of September. Better than the of double basically the forecast of 51,000.So it turns out to be a pretty good number for the month. And the unemployment rate comes in higher 4.4%. So an argument on both sides of the employment mandate there, labor force participation rate at 62.4% goes up.Average hourly earnings, 2/10 of a percent is lower than the 3/10 forecast in the 3/10 in August. On a year over yea ...