Marketplace Morning Report The November jobs report, finally
Dec 16, 2025
Mitchell Hartman, a seasoned journalist and Marketplace reporter, delves into the November jobs report, revealing private data indicating small job losses and weaker blue-collar hiring. He also reports on Fed Chair Powell's concerns about overstated job gains. Meanwhile, investigative reporter David Brand sheds light on the alleged systemic fraud in New York's foreclosure auctions, discussing how banks calculate interest during delays. He shares poignant stories of homeowners affected and highlights the need for legislative reform to protect them.
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November Jobs Report Is Uncertain
- The November jobs report is delayed and incomplete because the BLS caught up after the government shutdown.
- Economists expect weak job gains and the report will be revised multiple times, possibly down from initial estimates.
Private Data Suggests Weaker Hiring
- Private data firms saw weaker or flat hiring, with some estimating net job losses in November.
- Fed Chair Powell warned BLS may have been overstating job gains by roughly 60,000 a month.
Blue-Collar Sectors Hit Hard
- The sectors losing jobs include leisure and hospitality, retail, transportation, warehousing, and manufacturing.
- These blue-collar sector hits weaken holiday shopping and dining economic activity.