Americans with four-year college degrees now comprise a record 25% of total unemployment, underscoring a sharp slowdown in white-collar hiring this year https://t.co/OnnYYduzoH ...

Unemployment rose in September, higher than Wall Street anticipated. Here's what to know. https://t.co/smJd8QJRab ...

The economy added 119,000 jobs, but unemployment rose from 4% to 4.3%...6+7=41https://t.co/GTwQl1Wvdj ...

Unemployment Rose To 4.4% In September, Delayed Data Shows—Higher Than Expectedhttps://t.co/vERdyXCYjN https://t.co/U1XNKLhufz ...

Labor Market - US unemployment benefit applications decreased to 220 thousand last week [1] - The decrease suggests employers are largely retaining current workers despite economic uncertainty [1]

Our next guest is sounding the alarm about AI job losses. He recently introduced a bipartisan bill that would require companies and the federal government to report AI related job data including losses to the labor department. Joining us right now is Senator Mark Warner. He is a Democrat from Virginia. And Senator, welcome. Thank you for joining us today. I know that this is legislation that you're introducing with Josh Holly who is a Republican on this. What where does the concern come from? What are you h ...

Hello everyone. I've got a very special treat for you today. We've got a conversation with Joseph Wei.Joseph is the principal at fedguy. com and he's also the author of the bestselling book central banking 101. This guy understands the Federal Reserve better than almost anyone I've ever talked to.He understands how they make decisions, what data they use, and how their decision-making impacts financial markets. And Joseph's going to explain all of that to us today, including what's he excited about in the f ...

Job Market Impact - AI could potentially eliminate 50% of entry-level white collar jobs within 1 to 5 years [1] - This could lead to a significant unemployment spike, potentially reaching 10% to 20% [1] - Entry-level positions in consulting, law, and finance are particularly vulnerable to AI automation [2] - The impact of AI on jobs is expected to be broad and rapid, exceeding previous technological disruptions [2]

Core Viewpoint - The Federal Reserve's stance on interest rates is shifting, with officials expressing concerns that further cuts could exacerbate inflation rather than support the labor market [1][2][3]. Group 1: Federal Reserve's Position - Kansas City Federal Reserve President Jeff Schmid indicated that additional interest-rate cuts might solidify higher inflation instead of aiding the cooling labor market [2][3]. - Schmid's remarks have influenced market expectations regarding a potential interest-rate cut in December, which was previously anticipated with near certainty [2][3]. - The Fed's dual mandate requires balancing price stability and low unemployment, complicating monetary policy decisions [3]. Group 2: Labor Market and Inflation - Pre-shutdown data showed unemployment stable at 4.3%, but there are rising concerns about fewer job openings and new hires [4]. - Annual inflation stands at 3%, above the Fed's 2% target, indicating ongoing price pressures despite a recent interest rate cut [5]. - The increase in costs for essentials like groceries, rent, and utilities is affecting household and business sentiment towards the economy [6]. Group 3: Economic Indicators and Challenges - Price pressures are attributed to both tariff-related inflation and emerging concerns in the service sector, particularly in elder-care and day-care costs [9]. - The government shutdown has created a data gap, forcing the Fed to rely on private surveys and alternative data sources for economic indicators [9].

Economic Data Release - The Bureau of Labor Statistics (BLS) will release September's nonfarm payrolls data on Thursday at 8:30 a.m. Eastern Time, following the 42-day government shutdown [1] - The shutdown was the longest in U.S. history, beginning on October 1 and ending with a bipartisan Senate deal that approved funding through January 30 [1] Labor Market Indicators - The Labor Department did not release its weekly unemployment benefits report for seven weeks, complicating the understanding of the labor market [2] - The jobless claims report is considered an early indicator of labor market trends [2] Inflation Data - September's Consumer Price Index (CPI) showed a headline inflation rate of 3.0%, slightly below the forecast of 3.1%, and core inflation also at 3.0%, down from 3.1% [4] - Monthly core inflation was reported at 0.2%, which was below expectations [4] Job Market Concerns - Major employers like Amazon, UPS, and Intel announced significant job cuts, contributing to concerns about the job market [4] - Carlyle Group data indicated only 17,000 jobs were created in September, significantly below the forecast of 54,000, marking the weakest hiring since the 2020 recession [5] Political Reactions - Senator Elizabeth Warren criticized the Federal Reserve for lacking data and accused the Trump administration of withholding September jobs data [5] - The absence of official BLS figures has led to increased political pressure regarding the delayed economic data [5]