With Wall Street back open, corporate earnings have resumed with gusto. As far as government data, initial claims for unemployment insurance dropped last week and productivity increased modestly.
The payroll processor ADP says U.S. companies added 158,000 jobs in October, a pretty strong posting. On the other hand, according to consulting firm Challenger Gray & Christmas, job cuts surged last month.
Diane Swonk, chief economist at Mesirow Financial, shares her take on these conflicting indicators, productivity, and what’s ahead for the job market.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?