Labor
August 01, 2025
U.S. Employment (July 2025)
Wow! How quickly things can change! Not only did payrolls come in well below expectations, but revisions to May and June were meaningfully lower, resulting in an average pace of payroll gains that's running well below what's required to hold the unemployment rate steady. Elsewhere in the report, there were plenty of other signs of weakness.
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.
