Job Cuts Hit 4-Year Low but September Hiring Plummets
September job cuts fell, but hiring plans were the least for the month since 2011.
September job cuts fell, but hiring plans were the least for the month since 2011.
Treasury yields move up, oil rises, Nike earnings, and other headlines moving the market this morning.
ADP’s gauge of private payrolls beat expectations on a rebound in goods producers.
A collapse in small business openings sees headline openings fall to the least since March of this year, but layoffs drop to the least since March 2025.
Initial unemployment claims fall back under 200,000 for only the 8th time since 1969 and continuing claims declined to their second-lowest level since May 2023.
Initial and continuing claims remain very subdued, both down from a year earlier.
A thorough look at the latest labor data, which stunned with the biggest beat of the year.
Equities react to some mind-blowing August jobs data.
Anthropic’s revolving credit facility, Tesla cyber cabs hit Austin and other headlines moving the market this morning.
Let’s open the Beige Book, look at employment and see why the jobs picture could be more fragile at the moment than realized.