Daily Brief: 7 Million Open Jobs, 29,000 New Hires — the Labor Shortage Is Structural
Seven million open jobs and only 29,000 new hires last month. The labor shortage isn't easing — it's structural. The weekly roundup.
Daily Brief: CPI Week Arrives — September Inflation Report Headlines a Data Deluge
Markets are closed for Columbus Day, but Tuesday brings the September CPI report. Consensus at 3.7% YoY. Here's everything coming this week.
Daily Brief: Consumer Sentiment Tumbles to 46.3 as October Gloom Sets In
Michigan consumer sentiment fell to 46.3 in October as current conditions cratered 12.2%. FOMC minutes revealed broad support for more rate hikes ahead.
Daily Brief: Jobless Claims Hold at 197K, Extending Labor Market’s Refusal to Crack
Initial jobless claims fell to 197K, beating the 200K consensus as the labor market stays stubbornly resilient despite Fed rate hikes and a 5.3%...
Daily Brief: FOMC Minutes to Reveal Debate Behind September’s Unanimous Rate Hike
Fed minutes from the September rate hike drop today at 2 PM ET, expected to show a broader internal debate than the unanimous vote suggested. Since...
Daily Brief: Trade Deficit Hits 17-Month High at $105.6 Billion in August
The U.S. trade deficit swelled to $105.6 billion in August, the widest gap since March 2025, as a $17.2 billion import surge overwhelmed export gains.
Daily Brief: Job Openings Hold at 7.1 Million as America’s Labor Shortage Entrenches
JOLTS shows 7.1M openings and flat hiring. September payrolls added just 29K. The worker shortage has gone structural and the math is getting worse.
Daily Brief: September Jobs Miss Badly — Only 29K Added as Hiring Cools
Employers added just 29K jobs in September, a massive miss against 90K expected. Unemployment rose to 4.2% as markets rallied on fading rate-hike odds.
Daily Brief: Construction Spending Surges 0.9% as ISM Manufacturing Slips to 54.5
ISM Manufacturing slipped to 54.5 in September while construction spending unexpectedly surged 0.9% — a tale of two economies as jobless claims hold at...
Daily Brief: GDP Revised to 2.2% — Q2 Economy Was Stronger Than Anyone Thought
GDP revised up 0.7pp to 2.2% as PCE inflation cools to 3.4% YoY. Consumer spending surges 0.6% but monthly inflation ticks higher. The soft landing...