Labor
November 01, 2024
U.S. Employment (October 2024)
Between the ongoing Boeing strike and the devastating impacts of Hurricane's Helene and Milton, we knew this was going to be messy employment report. While the Bureau of Labor Statistics didn't provide any point estimates of hurricane impacts, they did note that the storms "likely" had some impact on last month's figures.
October 02, 2024
U.S. Dockworker Strike (October 2024)
Thousands of dockworkers at several East and Gulf coast ports are on strike. Combined with other disruptions – i.e., Hurricane Helene and striking Boeing workers on the Pacific Northwest – these one-off events are poised to take some wind out of the economy's sails in the fourth quarter.
September 13, 2024
U.S. 2024 Election: Economic and Financial Implications
Elections matter for the economy, but financial markets are likely to be particularly attuned to the current election cycle given America’s unsustainable fiscal trajectory. The make-up of Congress will determine how much of the future President’s agenda can be implemented. A divided Congress will likely force the next President to make significant concessions relative to their current platform proposals.
