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rental listings July 24th through June 2025. Number one trusted based on August 2025 proprietary survey

among real estate professionals. Here's your midday brief for Tuesday, December 16th. I'm Anthony Bansy for the Wall Street Journal.

The U.S. unemployment rate climbed to 4.6% in November, its highest level in more than four years.

The delayed government report also says that employers added 64,000 jobs last month.

That comes after shedding more than 100,000 in October. This volatility was driven

partly by massive cuts to the federal workforce, which has shrunk by about 270,000 positions

since January. Another economic report out today shows that U.S. retail sales stalled in October.

The Census Bureau reports that sales were flat that month, falling short of

economist expectations. There have been mixed signs of consumers' health from major retailers lately.

Walmart, Gap, T.J. Max have all posted strong results and pointed to a good holiday shopping season,

while results from Home Depot and Target have suggested that shoppers have

turned more cautious. And Kraft Hines is replacing its chief executive as it prepares to split

into two separate companies. The Food Giant has tapped Steve K. Elaine, the former head of Kellogg,

to take over on January 1st. Current Kraft Hines leader Carlos Abrams Rivera is stepping down following seven consecutive

quarters of declining sales.

Demand has slipped for some of the company's core products like Lunchables and Capri Sun.

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