Wall Street Breakfast Shutdown freezes release, not data
Oct 3, 2025
The podcast dives into assessing the September jobs report despite unavailable BLS data. Apple makes headlines by removing the ICEBlock app due to safety concerns raised by the DOJ. USA Rare Earth sees a stock surge amid talks with the Trump administration. Tesla faces backlash from a shareholder group over Musk's compensation plan, while YouTube secures a new distribution deal with NBCUniversal. Google hints at a strategic spin-off of its life sciences unit, Verily, showcasing significant market movement and policy discussions.
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Jobs Data Is In Limbo
- The September BLS jobs report is delayed by the shutdown but likely collected and ready to release.
- Economists say private indicators like Indeed postings help reveal sector nuances beneath headline payrolls.
Labor Market Is Stagnant, Health Care Leads
- Indeed Hiring Lab sees the labor market as stagnant with growth concentrated in health care.
- Sector-level job posting diffusion reveals that most industries lag year-over-year despite above pre-pandemic levels.
Supplement Missing Data With Private Indicators
- Use private data sources like job postings to supplement missing government employment reports.
- Focus on sector-level trends and diffusion to understand underlying labor market health.