3.8 • 950 Ratings
🗓️ 3 October 2025
⏱️ 7 minutes
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | We've made it to the first Friday in the month of October. |
| 0:11.1 | It's the final day of the trading week, October 3rd. I'm Julie Morgan. |
| 0:16.7 | Jobs data is stuck in shutdown limbo. |
| 0:19.6 | Apple pulls an immigration app and rare earth is seeing |
| 0:23.0 | rare gains. If the Bureau of Labor Statistics were issuing its September employment situation |
| 0:29.9 | report today, economists were expecting a headline payrolls number, rebounding some from August, |
| 0:36.5 | but significantly weaker than a year ago. |
| 0:39.7 | The unemployment rate expected to stay at 4.3%. |
| 0:43.8 | CNN reported on Thursday that the BLS has collected its September labor data and is likely |
| 0:50.3 | ready to be made public. |
| 0:51.8 | That makes sense as the shutdown came just a few days before the |
| 0:56.1 | report was due to be released. Data is generally collected the calendar week that contains the 12th of |
| 1:02.8 | the month. An economist at Indeed Hiring Lab describes the current labor market as stagnant. |
| 1:09.1 | Alison Srivastava said the employment data is incredibly important, especially in an economy |
| 1:15.4 | that is very much low fire, low higher, and we're really looking to any kind of indication |
| 1:20.8 | of the direction that we're headed in. |
| 1:23.2 | There are some private sources of data that can supplement the government data. For example, she's |
| 1:29.0 | looking at the Indeed job postings data. Srivastava said she's looking at sector-level job |
| 1:35.0 | postings to give an indication of how health care is doing versus all other sectors. |
| 1:41.0 | Recently, health care has been a main engine of job creation. More than half of the jobs have |
| 1:46.5 | been in the health care and social services sectors. The economist said the headline numbers for |
... |
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