Money, power, politics. Tonight, the November jobs report may include a warning sign about the state of the economy. More jobs were added in November than expected.That was largely driven by the healthc care sector, but unemployment rose to 4.6%. Now, that is the highest level since September 2021 when the economy was still coming out of the COVID pandemic. Joining me now to discuss is Justin Wolfers, a professor of economics and public policy at the University of Michigan and Jean Sperling, former director ...

Labor Market Insights - The U.S. labor market is showing signs of weakening, with an increase in layoffs reported by ADP, averaging 13,500 jobs lost per week over the past four weeks, up from 2,500 jobs lost in the previous update [1] - The government shutdown is affecting data releases, leading to reliance on alternative data sources like ADP to fill in economic gaps [2] Federal Reserve Policy Outlook - Federal Reserve policymakers will lack usual data for forecasts during their meeting on December 9-10, with several officials advocating for additional interest rate cuts, prompting market expectations for a reduction at the next meeting [3] - Goldman Sachs anticipates that the Fed will implement a rate cut in December, followed by two additional quarter percentage point reductions in 2026 [5] Economic Indicators - The next jobs report is scheduled for December 16, and the Consumer Price Index (CPI) for December 18, with expectations that alternative indicators will show renewed job losses in October despite a reported growth of 119,000 payrolls for September [4]

Industry Issue - Glencore 将与南非政府会面，以防止冶炼厂因电力成本上涨而裁员 [1]

Job Market Impact - The Senate's bill is projected to potentially eliminate up to 175 万 (1.75 million) construction jobs [1] - The trade union representing 300 万 (3 million) American construction workers views the bill as a significant threat to employment [1] Industry Concerns - The construction industry anticipates the Senate's bill to be "the biggest job-killing bill in our country's history" [1]