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WSJ Minute Briefing

Federal Workers’ Back Pay in Doubt as Shutdown Persists

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 8 October 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Unofficial jobs numbers are starting to come in from Wall Street, pointing to the U.S. labor market losing steam. And, Swiss tech giant ABB looks to sell off its robotics business to Japan’s Softbank. Caitlin McCabe hosts.  Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:34.1

Here's your morning brief for Wednesday, October 8th. I'm Caitlin McKay for the Wall Street Journal.

0:39.9

A new memo from the Office of Management and Budget suggests that the Trump administration

0:44.0

isn't obliged to provide back pay to furloughed federal employees during the ongoing government shutdown.

0:50.6

Meanwhile, cracks are starting to show within the U.S. aviation system as workers face the prospect of missing their next paychecks.

0:57.9

On Monday and Tuesday, more than 9,000 flights in and out of U.S. airports were delayed, with the Federal Aviation Administration seeing a, quote,

1:05.4

slight tick up in air traffic control workers requesting sick leave.

1:09.6

As the government shutdown keeps lights off at the

1:12.5

Bureau of Labor Statistics, unofficial jobs numbers are starting to come in from Wall Street,

1:17.6

pointing to the U.S. labor market losing steam. This week, Bank of America said it is seeing signs

1:22.8

of rising unemployment and slowing job growth in its customers' data. Meanwhile, Goldman Sachs said

1:28.7

its measure of labor market tightness fell last month back to level seen in 2015, indicating a

1:34.8

tough landscape for job seekers. These alternative data sources do have their drawbacks. They often

1:41.2

only cover a small share of the labor force and using them to estimate the state

1:45.3

of the broader job market can be tricky. However, the non-government numbers are indicating a broader

1:50.6

trend of a cooling job market where few companies are hiring. And Swiss Tech Giant ABB is set to sell off

...

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