Joining us this morning with some reaction. First from the White House is the National Economic Council Director Kevin Asset. Kevin, good morning.Good to have you. >> Great to be here. >> Uh, lot of information uh that the streets trying to absorb.How do you characterize both October and November. >> Yeah, I think it's best to sort of combine the two. And if you do that, then you're looking at private sector gains of about 120,000, maybe 121.And then uh we dropped about 160,000 government workers, federal g ...

Core Insights - Stagwell conducted a survey of 100 American CEOs to assess their sentiments regarding business priorities, economic outlook, and views on AI advancements as they approach 2026 [1][2][4] Group 1: CEO Sentiment on AI - 85% of CEOs view AI as entering a healthy growth phase rather than a bubble, with generative AI identified as the most transformative technology for 2026 [7] - 78% of CEOs are optimistic about AI's potential to enhance workplace efficiency and innovation [7] Group 2: Economic Outlook - 62% of CEOs believe the U.S. is on the wrong track, yet 74% express confidence in the resilience of the U.S. economy as they head into 2026 [7] Group 3: Policy Priorities - Financial stability is the primary policy focus for 2026, with managing inflation (61%), reducing debt (47%), and job creation (33%) identified as top priorities [7] - Regulatory and policy shifts (66%) and trade restrictions (60%) are anticipated to significantly impact business operations [7] - Nearly half (46%) of CEOs express pessimism regarding the stability and predictability of political leaders [7]

BLOOMBERG'S GREATER NEW YORK REPORTER JOINS US WITH MORE DETAILS ON -- I MEAN, THIS IS AMAZING IN TERMS OF THE EMPIRE BUILDING STORY THAT STEVE COHEN HAS OUT IN QUEENS. HE HAS GOT THE METS, CITY FIELD, OBVIOUSLY. HE HAS A SOCCER STADIUM NOW.HE IS GOING TO BUILD A BIG GAMBLING COMPLEX OUT THERE. RIGHT, AND THE JOB CREATION IS INCREDIBLE. 17,000 CONSTRUCTION JOBS, 6000 PERMANENT JOBS, IT IS GOING TO MAKE TONS OF MONEY WHEN IT OPENS SLATED FOR 2030, $3.9% BILLION IN TAX REVENUE, GENERATING $850 MILLION IN TAXE ...

Formal job creation collapsed in October, a sign that Brazil’s tight monetary policy is finally reaching some of the labor market’s most resilient pockets https://t.co/duGMWpa2WF ...

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]

Economic Growth & Job Creation - Africa's economic growth depends on creating 1 billion jobs by the end of the century [1] Source - Bloomberg provides the source of the information [1]

Economic Growth & Job Creation - Africa's economic growth depends on creating 1 billion jobs by the end of the century [1]

Job Market Trends - ADP preliminary report shows a 4-week moving average of private sector job creation down by 11,000, equating to a month-on-month change of approximately -44,000 to -45,000 [1] - The index of average weekly job growth over the four-week period ending October 25th is down by 11,000, contrasting with the previous month's increase of 42,000, suggesting a weakening in job growth [2] - NFIB small business optimism index fell 0.6% to 98.2%, the lowest since April, though still above the long-term average [3] - Plans to increase hiring among small businesses fell by 1 percentage point to 15% [3] Labor Market Challenges - Trouble with labor quality among small businesses increased by 9 percentage points to 27%, the highest since the pandemic [4] - Unfilled job openings remained unchanged, indicating a dynamic where businesses are not actively hiring but struggle to find suitable candidates [4] - Pantheon suggests that difficulties in finding workers may be linked to new immigration and deportation policies [5] Economic Outlook - The data is consistent with a low fire, low hire economy [5]

There's a lot of data out there, but we're missing the data that can settle an argument. We're missing the data that you'd have higher conviction on. And frankly, the government data.The other piece, it is so much more comprehensive with the private sector or the surveys, you've got to stitch together all these different data series and they often go in different directions to tell a story. You don't have a long time series often, so it's really hard to think about the business cycle. So you're just you jus ...

Group 1 - The current data landscape lacks comprehensive and reliable information, particularly from government sources, which is essential for making informed decisions [1][2][3] - There is a significant challenge in understanding the labor market dynamics, particularly regarding job creation and the unemployment rate, which are influenced by factors such as immigration and workforce aging [4][5][6] - The Federal Reserve faces a blind spot due to the absence of accurate unemployment data, which complicates their ability to assess and manage economic conditions effectively [7][8] Group 2 - The Federal Reserve's monetary policy is limited in its effectiveness, primarily relying on interest rates, which disproportionately affect financially constrained households and businesses [9][10] - The current economic environment presents a complex interplay of factors, with the Fed's restrictive policies being just one element influencing the broader economic landscape [11][12]