Gregory Daco

👍Oct '26 #Jobsreport: "As good as can be"

✅Payrolls +165k
✅Private +159k
✅Gds +15k
✅Services +144k
✅Gov +6k

✅Diffusion: 58%
✅Revisions Aug/Sep +84k

✅ #Unemployment rate: 4.1% (-0.1pt)
✅ Particip rate: 61.9% (+0.1pt)

📉Wages
✅+0.4% m/m
✅3.1% y/y (-0.1pt)

The stock-market rout on Thursday, which began soon after the opening bell on the New York Stock Exchange, worsened as the day wore on, pulling down everything from high-flying chipmakers like Nvidia Corp. to defensive fallbacks like Walmart Inc.

bloomberg.com/news/articles/…

US lawmakers are looking to impeach embattled Defense Secretary Pete Hegseth as soon as next week, an effort that’s gained momentum after the Iran war he championed partly led to Republicans losing control of Congress in the midterms.

bloomberg.com/news/articles/…

📊Strong productivity growth in Q3 2026

✅Nonfarm biz sector labor productivity +3.6% q/q
▶️Output +3.7%
▶️Hours worked +0.1%

📉Unit labor costs -0.7%
▶️Compensation +2.9%
▶️Productivity +3.6%