Andrew Ross SorkinThe Labor Department will resume work on September’s consumer price index report despite the federal government shutdown. The report, essential for Social Security cost-of-living adjustments, will be released on October 24, after being delayed. Other Bureau of Labor Statistics data releases remain affected by the ongoing funding lapse.
Andrew Ross SorkinThe ongoing U.S. government shutdown may pivot on military pay, impacting over 1.3 million active-duty service members. Economists suggest the October 15 military payday could compel Congress to act, but skepticism remains about reaching an agreement. Without resolution, public outrage and economic fallout could intensify, affecting essential services and consumer confidence.
Andrew Ross SorkinThe ongoing U.S. government shutdown has stymied official economic reporting, prompting private data sources to highlight stagnating job growth, with Carlyle Group reporting just 17,000 new jobs in September. Despite this, GDP grew at an annualized rate of 2.7%. Uncertainty persists in hiring plans, reflecting a cooling labor market amid economic challenges.
Andrew Ross SorkinThe WTO raised its 2025 global trade growth forecast to 2.4% but downgraded 2026 expectations to 0.5%, citing the impact of tariffs and a cooling economy. Key factors for 2025’s growth include front-loading imports and emerging market demand, particularly in AI-related goods, while potential trade restrictions pose risks.
Andrew Ross SorkinThe promise of higher education in the U.S. is declining for recent graduates, as job prospects weaken despite their degrees. Unemployment rates among young degree-holders are rising, exacerbated by automation and a low-hiring economy. The mismatch between degree attainment and job availability threatens future college enrollment and economic stability.
Andrew Ross SorkinMongolia is transitioning from a mineral-dependent economy to a digital powerhouse through the Chinggis Khaan Sovereign Wealth Fund, aiming to finance renewable data centers and infrastructure. This $1.4 billion fund promotes social welfare and aims to establish Mongolia as a clean-energy hub, while also addressing public trust issues following mining controversies.
Andrew Ross SorkinThe upcoming October 15 military payday could force U.S. lawmakers to compromise in the ongoing government shutdown. With rising public pressure, missed payments may trigger a political crisis, impacting various sectors. Analysts suggest a short-term budget resolution is likely, but prolonged deadlock risks significant economic fallout and challenges to government credibility.
Andrew Ross SorkinThe U.S. labor market remains stable despite the shutdown preventing the release of the Nonfarm Payrolls Report. While employment growth is weak, private indicators suggest robust sectors like health care, contrasting with declines in technology roles. Overall, alternative data indicates a gradual slowdown, but no imminent crisis.
Andrew Ross SorkinThe Bureau of Labor Statistics withheld vital employment data due to the federal government shutdown, leaving economic observers uncertain. This lack of information raises concerns about future job growth and investment decisions. Economists predict muted employment growth, citing private sector indicators pointing to labor market weakness, exacerbated by immigration restrictions and declining demand.
Andrew Ross SorkinAs the U.S. government shutdown persists, private sector data reveals a weakening labor market, with hiring and layoffs slowing sharply. Job cuts have surged in 2025, while new hiring intentions plummet to 2009 levels. Economists face uncertainty without official data, raising concerns about consumer confidence and economic resilience going forward.
