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. ...

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 ...

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 ...

Another jobs Friday with no government data due to the shutdown. Yumish, though coming in very low, near the lowest level ever since uh the 1970s as worries begin to build about the consumer and the macro environment overall. Our next guest says we may be close to the worst jobs market in 50 years outside of recession.Let's bring in Goldman Sachs chief economist Yan Hotz talk about what data he's watching and where he sees the market going from here. Yan, it's good to see you. Happy Friday.>> Very good to s ...

Key Takeaways We Saw No New Jobs Numbers from the BLS, but Expectations Have Gotten WorsePlenty of Q3 Earnings Reports Are Out This Morning: WEN, FUN & MoreU. of Mich. Consumer Sentiment and Consumer Credit Reports Out After the BellFriday, November 7, 2025Pre-market trading has slid into the red this morning, holding at current levels (for now) but another step down over the past five days and off the all-time highs registered in late October. A growing wariness of overall AI infrastructure spending and a ...

First, let me give you the jobless claims data. It's gathered individually from the states, seasonally adjusted by Haver Analytics, our data provider, rising by 10,000 on the week. Still a modest 229.You can see that in the next chart. They're rising. It's the top of the range where they've been the past several months, but not really through the roof, though.Continuing claims that keeps edging higher together with that surge in mass layoffs that we reported yesterday from Challenger. Well, that suggests ma ...

We are getting uh the jobless claims data from the US government despite uh the government shutdown and senior economics reporter Steve Leeman joins us with the data and a look at what all the alternative job numbers are telling us and a very firm conclusion about the the state of the labor market we're going to get from Steve I'm I'm told >> thanks for setting me up there Joe uh that's not going to happen I'll do the best I can uh first let me give you the jobless claims data it's gathered gathered individ ...

We are getting some numbers that are pretty important right now. We're going to be looking at the ADP private payroll data. It's just out.Steve Leeman joins us with those numbers. >> Numbers. What a what a what a thought.Fantastic. ADP saying that private payrolls grew by 42,000 in the month of October. Uh with a decent split when it comes to by sector.Goods producing up 9,000, service providing up 33,000. This is a question. Is this the new normal we have to get used to.Is a relatively lackluster number th ...

How much does the lack of data factor into what your views are or are not. >> Well, so it's we do have a lot of information about the labor market and particularly the labor market. There's a lot of private sector data. There's surveys.What we're missing is the core of the data. Not having the federal statistics, not having the employment report, household survey, particularly measure of unemployment. And I it's you know the timing is really unfortunate because again as as you noted it's the the Fed began r ...

Should we start to get concerned that we're seeing really big layoffs, especially when it comes to white collar jobs, and I'm talking about UPS and Amazon here, both 14,000 layoffs and white collar workers. >> So, we have been in a job market that economists have called low, higher, low fire for a year or two now. And I think we're starting to move into an environment that's more low, higher, some fire.So, we're starting to see layoffs tick up to where they were uh compared to prepandemic levels. And the fa ...