HousingWire Daily What we know about the labor market without the jobs report
8 snips
Oct 6, 2025 
Logan Mohtashami, a lead analyst known for his insights on housing and labor trends, joins to discuss the labor market's state without the usual jobs report. They delve into how alternative data is being used to gauge job creation amid a softening labor market. Logan highlights that GDP remains strong despite job losses in manufacturing and construction, suggesting a late-cycle economy. Political factors and household finances play crucial roles in sustaining growth, hinting at potential housing market recovery if interest rates decline.
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49ers Win Sets A Light Tone
- Logan celebrates the 49ers win and jokes about being ready to play multiple positions.
- He uses the game win as light context before discussing labor themes.
Data Gaps Force Alternative Labor Signals
- The jobs report absence forces analysts to piece together labor trends from alternative data sources.
- Logan Mohtashami saw private data suggesting only 45k–55k jobs might have been created.
Good GDP, Weakening Labor Paradox
- GDP and consumption remain resilient even as labor softens, complicating recession signals.
- Mohtashami notes labor has been weakening since 2023 despite decent macro activity.