Daily Brief: Jobless Claims Hit 57-Year Low as Productivity Surge Slashes Labor Costs
Jobless claims fell to 189K, matching a 57-year low, while Q3 productivity surged 3.6% and unit labor costs dropped 0.7%. The Fed's immaculate...
Daily Brief: Blue Wave, Green Markets — S&P 500 Surges as Democrats Sweep Congress, ADP Beats at 86K
Democrats swept Congress in Tuesday's midterms, and markets rallied instead of selling off. ADP added 86K jobs, beating forecasts. ISM Services...
Daily Brief: Midterm Elections, JOLTS at 7.5M, Factory Orders Surge 1.8% — A Defining Day for Markets
Americans head to the polls as JOLTS shows 7.5M openings and factory orders surge 1.8%. Markets hold their breath — the AI trade hangs in the balance.
Daily Brief: 7.1M Job Openings, 29K Payroll Gain — America’s Labor Shortage Won’t Budge
Jobs data shows 7.1M openings and only 29K new payrolls in September. Construction needs 349K workers. Here's why the labor shortage is structural.
Daily Brief: ISM Manufacturing Hits 55.5 — Production Surges to 3-Year High, Construction Spending Tanks
ISM Manufacturing PMI jumped to 55.5 in October as production hit its fastest pace since 2021. But construction spending cratered 1.9% — the sharpest...
Daily Brief: Wage Growth Cools to 0.8% — Real Paychecks Shrink as Inflation Outruns Workers
The Employment Cost Index rose 0.8% in Q3, matching forecasts and cooling from 0.9%. But real wages fell 0.6% as 3.7% CPI eats the raise — especially...
Daily Brief: GDP Surges 3.4% But Inflation Holds Firm — The Fed’s Boxed In
Q3 GDP blew past expectations at 3.4%, but September PCE inflation accelerated to 3.6%. A day after the Fed held rates, the data confirms: no cuts...
Daily Brief: Trade Deficit Widens to $134.9B as Fed Prepares to Hold — Election Looms
The U.S. goods trade deficit hit $134.9B in September as imports surged. The Fed is expected to hold rates steady today, but a December hike remains on...
Daily Brief: FOMC Kicks Off as Durable Goods Orders Surge — But Business Investment Is Cooling
Durable goods orders jumped 1.8% in September, but a surge in aircraft orders drove the headline. Core business investment is slowing as the Fed's...
Daily Brief: 7.1 Million Job Openings, 349,000 Missing Construction Workers — The Structural Labor Shortage Isn’t Budging
The U.S. has 7.1M job openings against 7.1M unemployed — a fragile equilibrium masking acute shortages in construction, manufacturing, and healthcare.