Lots More on the Worsening State of the US Labor Market

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 7 November 2025

⏱️ 25 minutes

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Summary

If the government were open, we'd be getting a jobs report today. But as it is, we're in this blackout of official economic data. That's unfortunate, because the economy is already in a very confusing spot, and so any additional data right now would be very helpful in figuring out where things are heading. In the absence of Non-Farm Payrolls, we talked with Bloomberg Opinion columnist Conor Sen about the worsening state of the labor market, and why he thinks the Federal Reserve needs to step in before the unemployment rate deteriorates further. We also talk about the role AI is (or isn't) playing in the labor market.

Read more:
US Companies Announce Most October Job Cuts in Over 20 Years
Fed’s Hammack Says Inflation a Bigger Concern Than Labor Market

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0:00.0	You're being sold an AI future where you're obsolete or irrelevant.
0:04.0	That vision is wrong.
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0:12.0	American workers are our nation's greatest strength.
0:16.0	AI shouldn't eliminate them. It should elevate them.
0:19.0	Palantir is here to tell their stories. From factories
0:23.0	to hospitals, AI is freeing people from drudgery, letting them do what humans do best. Create, solve,
0:31.0	build. Palantir, making Americans irreplaceable. Hello and welcome. This is the Michelle Hussein show.
0:39.3	I'm Michelle Hussein.
0:40.8	I speak with people like Elon Musk.
0:43.3	I think I've done enough.
0:44.2	And Shonda Rhymes.
0:45.2	That's so cute.
0:46.2	This will be a place where every weekend you can count on one essential conversation
0:51.8	to help make sense of the world.
0:53.7	So please join me. Listen and subscribe to the Michelle Hussein Show one essential conversation to help make sense of the world.
0:59.6	So please join me, listen and subscribe to the Michelle Hussein show from Bloomberg Weekend, wherever you get your podcast.
1:02.3	You certainly ask interesting questions.
1:08.1	Bloomberg Audio Studios, Podcasts Radio News.
1:13.7	Do you guys know what today is?
1:16.0	It's our 10-year anniversary because everyone keeps sending us messages.
1:20.0	I know we only knew, I didn't realize that today was the actual 10-year anniversary until I started getting emails from random people this morning.
	...

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