September's jobs report. We don't have one thanks to the government shutdown. So, with the data blackout, Wall Street is looking elsewhere for clues, especially as the Fed debates its next interest rate decision later this month.Here are three signs labor market is cooling, even without that official jobs report. Number one, jolts, aka the job openings and labor turnover survey. Job openings are holding steady, but hiring is slowing and fewer people are quitting.That tells us workers feel less confident and ...

Labor Market Analysis - The US government shutdown has resulted in the BLS not releasing labor market data, including the unemployment rate which was expected to be around 43% [1][2] - The Chicago Fed estimates the unemployment rate for September to be 434%, slightly higher than the previous month's 432%, indicating a potential softening in the labor market [2][3][4] - Job openings saw a slight increase from 721 million to 723 million, remaining relatively steady over the past year [7] - Job quits have dropped back down to cycle lows of 19%, suggesting people are less willing to leave their jobs due to fear of not finding new employment [9] - Layoffs remain relatively low, at pre-pandemic levels, which may be contributing to the continued rise of risk assets [10] - Initial claims data was not released this week, but the previous spike to 264000 has since receded [11] - Job postings on Indeed continue to slowly decline [14] - Non-farm private payroll employment from ADP shows negative revisions, with the last month revised to -3000 and this past month at -32000, indicating a potential slowdown [20] - Construction employment is slowing down, with the year-over-year change starting to decrease, though not yet negative [26] Bitcoin Market Analysis - Bitcoin's current market cycle shows similarities to post-election years like 2013, 2017, and 2021, with a high in August, a low in late September/early October, and a potential rally into a market cycle top [30][31] - The current cycle also resembles 2020, with a Q1/Q2 capitulation low, sideways movement before the 21-week EMA catches up, and a potential Q4 rally [33] - The 50-week moving average is now at $100000, and a weekly close below this level could signal the end of the cycle [35][36]

Let's bring in Wilmington Trust Megan Shu. Megan, good to talk to you. It seems as though investors are just really shrugging off any impact from the government shutdown here.>> Yeah, Contessa, I think that's right. And it jives with what we've seen historically. Uh historically, shutdowns don't have a material economic impact, especially if they stay short enough in duration.you tend to get uh basically a a tenth to two tenths per week for every week that the government shut down, but then you get that mad ...

Are these furlows or job layoffs in the federal government are those going to come anyway. Because that's what the Democrats have suggested that you know the Trump administration is going to push forward with layoffs and with furlows anyway whether they they do this or not. Is that true.Again, you know, it's a talking point. Senate Senator Schumer, Representative Jeff, you know, they're weak. They're discombobulated.uh they are they don't represent the American people and you know they're they're making up ...

White House says layoffs 'imminent' with no end to shutdown in sight https://t.co/OBcSLl5Bif ...

Government Shutdown Impacts - Potential federal layoffs may begin in the next one to two days [2][4] - Programs assisting women and low-income children with food could run out in one to two weeks [3] - Essential services for the American people will continue to run [4] Political Landscape - House Republicans are in discussion with the Office of Management and Budget (OMB) Director Russell Vought [1] - The Senate failed to reach an agreement on temporary government funding [5] - The Senate plans to try again to fund the government on Friday and potentially through the weekend and next week [5] Uncertainty and Duration - The exact duration of the government shutdown remains uncertain [4][6]

As we inch closer to a government shutdown this morning, you said you might do a lot of layoffs. If Doge is already reducing the federal workforce, why is it necessary to link more federal jobs cut to a shutdown. >> When you shut it down, you have to do layoffs.So, we'd be laying off a lot of. ...

Dodgy data, tetchy markets and a swathe of laid-off workers https://t.co/jPFOQnDfbJ ...

If there is a shutdown, how many federal workers do you plan to lay off. >> Well, we may do a lot and that's only because of the Democrats and as you know, they wanted to be able to take care of people that have come into our country illegally and no system can handle that and so we're totally opposed on that. But we can't take care, we just can't do it.I'd love to do everybody. I'd love to do the whole world, but our country can't handle people that come into our country illegally. ...

Let's begin in Washington where the White House is threatening mass firing should a government shutdown take place. Our Emily Wilkins is in DC with more on what we know. Hey Emily. >> Hey Carl.Well, yeah. We learned now that the White House is going ahead and raising the stakes for Senate Democrats. They're debating whether to back a short-term stop gap or not.So last night, Office of Management and Budget sent out a memo to agencies saying that they should consider firing employees who would otherwise have ...