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...