The extent of labor market weakness is still up for debate, but it's already bad for Black workers, @foxjust says (via @opinion) https://t.co/2LObzOprn7 ...

Labor Market Overview - The unemployment rate increased to 4.6% in November from 4.4% in September, with an increase of approximately 96,000 employed individuals, insufficient to absorb a labor force growth of over 300,000 [4] - The number of part-time workers seeking full-time employment rose by over 900,000, indicating a lack of full-time job availability [4] Payroll Growth - Employers reported a modest addition of 64,000 new jobs since October, consistent with previous months in 2025, with significant growth only in health care (up 46,000), social assistance (up 18,000), and construction (up 28,000) [5] - Other sectors, including leisure and hospitality, manufacturing, and transportation and warehousing, experienced declines in payrolls [5] Federal Employment Impact - A notable drop in federal employment occurred in October, with a loss of over 100,000 jobs, primarily due to a reduction of 162,000 in federal government positions [6] - Overall federal employment has decreased by over 270,000 since the beginning of the year [6] Job Vacancies and Market Dynamics - There was an increase in job vacancies reported by BLS, with the vacancy rate rising from 4.3% to 4.6%, suggesting challenges for employers in finding suitable candidates [9] Federal Reserve Implications - The report does not provide a clearer picture for the Federal Reserve regarding the labor market, as differing opinions exist on the need for interest rate adjustments in light of inflation concerns [10] - The report indicates more weakness than strength in the labor market, necessitating further data for a comprehensive economic outlook [11]

Labor Market Overview - The unemployment rate rose to 4.6% in November, the highest since September 2021, up from 4.4% in September [1] - US employers added 64,000 jobs in November, exceeding expectations of a 50,000 increase [1][4] - Payroll employment dropped by 105,000 in October, primarily due to federal layoffs, with the federal government losing 168,000 jobs since September [2] Sector Performance - Employment increased in the health care and construction sectors, adding 46,000 and 28,000 jobs respectively [3] - Other sectors, such as manufacturing and transportation and warehousing, experienced job losses [3] Wage and Employment Trends - Wage growth slowed to 3.5% in November, the slowest pace since before the pandemic [6] - The number of Americans unemployed for more than six months rose to 1.9 million in November, up from 1.7 million the previous year [6] Federal Reserve Insights - The Federal Reserve is closely monitoring the unemployment rate, which has risen from 4% in January [5] - Fed Chairman Jerome Powell indicated that the jobs numbers may be distorted and should be viewed with skepticism [5]

It is time for money, power, politics, and the labor market is showing more signs of weakness. Consulting firm Challenger says layoff announcements have officially topped more than 1 million this year. That is the most since the 2020 pandemic, which was when we shut the economy off basically.But while millions of Americans are struggling to make ends meet, the ultra wealthy are doing better than ever. According to UBS, 2900 billionaires now control nearly 16 trillion dollars thanks to soaring tech valuation ...

Core Viewpoint - Gold prices increased in early Asian trading, influenced by U.S. payroll data that raised concerns about labor market weakness [1] Group 1 - Gold edged higher in early Asian trading [1] - Sentiment was likely supported by U.S. payroll data [1] - Concerns about the weakness in labor markets were heightened [1]

Economic Data Summary - The 30-year mortgage rate increased from 6.34% to 6.46%, leading to a 12.7% decline in mortgage applications, with purchases down 1% and refinances down 20.6% [1][2] - The ADP employment report indicated a loss of 32,000 jobs, with the previous month's figure revised down from an increase of 54,000 to a decrease of 3,000 [2][3] - The annual rebenchmarking of the national employment report resulted in a reduction of 43,000 jobs for September, highlighting ongoing weakness in the labor market [3][4] Labor Market Insights - The ADP data showed that all company sizes except those with 500 or more employees experienced job losses, with larger companies gaining 33,000 jobs [4] - Jobless claims remain relatively strong, but there is a lack of hiring, indicating a stall in the labor market [10][4] - The overall labor market is not improving, with the ADP report suggesting a negative trend in government hiring that may affect future employment numbers [8][9] Market Reactions - The markets are slightly lower but have recovered from pre-market lows, with historical context suggesting that government shutdowns have not significantly impacted market performance [5][7] - Lower dollar values, decreasing yields, and falling crude oil prices indicate a rally in bonds, despite the labor market's stagnation [9][10]

Group 1 - Private businesses eliminated an estimated 34,000 jobs in September, indicating a decline in employment [1] - This marks the third decline in employment over the past four months, suggesting emerging weakness in the labor market [1] - The Federal Reserve responded to these labor market signals by cutting interest rates last month [1]

Wall Street took profits in high flying tech stocks, rotating into cheaper bets after the Fed delivered an interest rate cut under what Chair Jerome Powell described as an “unusual” situation of emerging labor-market weakness https://t.co/UdQXgkgCJ5 ...

Group 1 - US stocks experienced a rise on Thursday, with the Dow Jones Industrial Average and S&P 500 increasing over 0.3%, and the Nasdaq Composite gaining around 0.4% [1] - The Consumer Price Index (CPI) report for August indicated an annual headline inflation rate of 2.9%, up from 2.7% in July, with month-over-month prices rising by 0.4% compared to July's 0.2% increase [2] - The Federal Reserve is expected to proceed with interest rate cuts despite persistent inflation pressures, as recent labor market data shows signs of weakness, including a jump in unemployment benefit applications to 263,000, the highest in nearly four years [3] Group 2 - Traders are anticipating a 90% chance of a quarter-point reduction in interest rates during the September meeting [4] - Companies such as Kroger and Adobe are scheduled to report earnings on Thursday [4]

Core Insights - MSCI's global equities gauge reached a record high, while U.S. Treasury yields and the dollar declined due to rising expectations for interest rate cuts following softer labor market data overshadowing a higher-than-expected inflation reading [1] Inflation Data - The Consumer Price Index (CPI) increased by 0.4% in August, marking the largest rise in seven months, following a 0.2% increase in July, driven by a 0.4% rise in housing costs and a 0.5% increase in food prices, with food consumed at home rising by 0.6% [2] Labor Market Insights - Initial claims for state unemployment benefits rose by 27,000 to a seasonally adjusted 263,000 for the week ending September 6, the highest level since October 2021, exceeding economist estimates of 235,000 claims [3] - The increase in claims solidified expectations for the Federal Reserve to cut interest rates, with traders pricing in a 100% probability for a rate cut at the upcoming Fed meeting and a roughly 5% chance for a half percentage point cut [4] Market Reactions - The focus of the market shifted from CPI data to jobless claims, indicating potential further weakness in the labor market, which is influencing market sentiment [5] - Despite economic slowdown indicators, the market is pricing in additional Federal Reserve easing, supporting equity market performance, with major indexes achieving record closing highs: Dow Jones up 617.08 points (1.36%), S&P 500 up 55.43 points (0.85%), and Nasdaq Composite up 157.01 points (0.72%) [6]