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: 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: 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.
Daily Brief: Businesses Expand, Consumers Retreat — The Great October Divergence
American businesses kept expanding in October while consumers sank to near-record gloom. Flash PMIs and Michigan sentiment painted opposing pictures.
Daily Brief: Housing Starts Slide for Third Straight Month as Builder Confidence Hits 14-Year Low
Housing starts fell 5.2% to 1.221M in September — a third straight decline — while builder confidence crashed to a 14-year low of 29. The housing...
Daily Brief: 7.1M Job Openings, 7.1M Unemployed — The American Labor Market’s Stubborn Stalemate
The math is almost poetic: 7.1M job openings, 7.1M unemployed. But the 1:1 ratio hides a mismatch strangling construction, healthcare, and manufacturing.
Daily Brief: Homebuilder Confidence Hits 29 as AI Rebound Lifts Futures
NAHB Housing Market Index misses badly at 29, while beaten-down AI chip stocks bounce premarket after the Nasdaq's worst week since June. A...
Daily Brief: PPI Surges to 6.3% as Wholesale Inflation Blows Past Every Forecast
Wholesale inflation surged to 6.3% in September — a full point above consensus — while retail sales crushed estimates and Philly Fed manufacturing...