Summary of Key Points from the Conference Call Industry Overview - The conference call primarily discusses the U.S. labor market and its implications for monetary policy, particularly focusing on the Federal Open Market Committee (FOMC) and employment data releases. Core Insights and Arguments - The FOMC will not have access to unemployment rates for October or November before its meeting on December 9-10, which reduces the likelihood of a rate cut in December [1][6] - The October and November payrolls data will be released together on December 16, after the FOMC meeting, meaning the committee will lack updated unemployment data prior to their decision [5][6] - The JOLTS (Job Openings and Labor Turnover Survey) report, which will include September and October data, is scheduled for release on December 9, coinciding with the first day of the FOMC meeting. This report will provide insights into employment growth [7][6] - The FOMC is primarily focused on the unemployment rate to gauge labor market conditions, and without updated data, it is challenging to assess whether the labor market is easing or tightening [6][7] - A rate cut could still occur if jobless claims, retail sales, and anecdotal evidence from Black Friday spending indicate significant weakness, or if the September unemployment rate worsens beyond expectations [6] Important but Overlooked Content - The October unemployment rate and parts of the October household survey will not be published, which is a significant gap in data for the FOMC [5][6] - The timing of the JOLTS report is critical as it will provide the most recent employment growth data just before the FOMC meeting, making it a key indicator for the committee's decision-making process [7] - There is uncertainty regarding whether the Bureau of Labor Statistics (BLS) will publish the October Consumer Price Index (CPI), which could further impact economic assessments [8] Data Release Schedule - A detailed schedule of upcoming data releases was provided, highlighting the importance of these dates for economic analysis and FOMC decision-making [3]

Inflation Outlook - The Fed was divided on whether inflation would rise too high [1] - Some members noted inflation had been above target for some time with little sign of returning [2] - Concerns existed regarding persistent core non-housing services inflation and tariff-related inflation in core goods [2] - Businesses planned to raise prices gradually in response to higher tariff-related input costs [2] - Productivity gains might limit the pass-through of tariff costs [3] Economic Activity & Labor Market - The economy was expanding at a moderate pace and the unemployment rate remained low [1] - A few members thought the softening labor market and changes in immigration would keep prices in check [3] - Elevated risks to the labor market were observed, particularly for groups historically more sensitive to economic cycles [3][4] - Divergence existed between subdued job growth and relatively strong GDP [4] - Trade tensions could weigh on economic activity [4] Monetary Policy - Many participants favored lowering the target range for the federal funds rate [4] - Strongly differing views existed regarding the appropriate policy decision at the December meeting [5] - The minutes confirm the Fed was divided and uncertain about the economic outlook [6]

How much of a surprise is this. We knew that there was going to be parts of the report that were missing. But to just wholesale cancel the October jobs report, it is a little bit of a surprise, especially because businesses are able to keep their records, how many folks were on their payrolls.And so when you ask businesses how many people were on your payrolls for the week that included the 12th of the month, they should have paystubs, they should have our records. It should be relatively easy to retrieve t ...

RT AF Post (@AFpost)The unemployment rate for US college graduates is now 9.3%, higher than a peak of 8.7% during the 2008 Great Financial Crisis.This year, the US approved around 200,000 H-1B visas.Follow: @AFpost https://t.co/LIQY9cFeLH ...

The unemployment rate is a closely followed indicator, used by businesses, investors, and others to gauge the state of the U.S. economy. https://t.co/gCg1KFvDmD ...

#数据 1-10月城镇固定资产投资同比降幅为2020年6月以来最大。 https://t.co/Kd7iBPGYK6外汇交易员 (@myfxtrader):#数据 中国10月规模以上工业增加值同比增4.9%，预期5.5%；10月社会消费品零售总额同比增2.9%，预期2.7%；10月城镇调查失业率5.1%，预期5.2%；1-10月城镇固定资产投资同比-1.7%，预期-0.8%。 https://t.co/GWEjKDuZ6E ...

Employment Data & Reporting - September jobs report is expected to be released next week [1] - October employment report will be partially available, with payroll site data calculable but household survey incomplete [1] - October unemployment rate will not be known [1] Employee Matters - Essential employees were brought back early to ensure furloughed employees received their checks promptly [2] - Aggressive efforts were made to expedite check delivery to employees [2]

It was a conj job. Affordability, they call it, was a conjob by the by the Democrats. The Democrats are good at a few things.Cheating on elections and conning people with facts that aren't true. They said, "Oh, I don't want to talk about affordability." The reason I don't want to talk about affordability is because everybody knows that it's far less expensive under Trump than it was under Sleepy Joe Biden. And the prices are way down.As President Trump on Friday, calling the Democratic Party's focus on affo ...

South Africa’s unemployment rate dropped for the first time this year in the third quarter https://t.co/Lq18A20DcW ...

Despite some growing consumer concerns, some signs of strength in CNBC's latest retail monitor report. For that, we'll turn to Steve Leeman this morning. Hi, Steve.Hey, Car. Yeah, consumer spending bounced back in October after a pretty sharp fall in September with gains in the CNBC NRF retail monitor across most sectors, adding up to a strong start for retail in the fourth quarter. That could be good for the holiday season.The retail monitor, we get actual credit card spending data from Affinity Solutions. ...