For better or for worse: Jobs market remains steady
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.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
