Morning Brew Daily Market Tumbles After Jobs Report & Nasdaq Wants to Trade Around the Clock
138 snips
Dec 17, 2025 The latest jobs report sent shockwaves through the market, revealing rising unemployment and weak payrolls. A tightening race for the Fed chair has analysts buzzing. Nasdaq's push for 23-hour trading raises questions about market volatility. Meanwhile, Uber and DoorDash fight against a new tipping law in New York that could reshape delivery earnings. Lastly, a quirky story about viral raccoon merch delightfully supports local animal shelters.
AI Snips
Chapters
Transcript
Episode notes
Jobs Report Signals A Muddled Slowdown
- The November jobs report showed just 64,000 jobs added and a 4.6% unemployment rate, signaling a muddled but weakening labor market.
- Neil Freeman and Toby Howell highlight sector disparities and slowing wage growth as signs of structural cooling.
Decimals Change The Story
- Looking deeper, private payrolls averaged 75,000 monthly recently and unemployment rose from 4.44% to 4.56%, softening the headline shift.
- Neil Freeman argues these decimals and private gains make the report confusing rather than outright catastrophic.
Young Workers Are Struggling Most
- Young workers fared worst: unemployment for ages 16–24 hit 10.6%, the highest since 2021, showing entry-level stress.
- Overall three- and six-month job averages are well below replacement rates, hinting at an unstable labor market.