@marthagimbel discusses with NPR's "All Things Considered" how the new Congress can address affordability concerns npr.org/2026/11/05/nx-…
The Budget Lab
@The_Budget_Lab
The Budget Lab is a non-partisan policy research center dedicated to providing in-depth analysis of federal proposals for the American economy.
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Jobs Day Commentary from Ryan Nunn, Director of Research, @The_Budget_Lab: This is a quite strong report. The most important thing to know is the October unemployment rate of 4.14%. This is low, both compared to a year ago and in historical context; it's also a tick lower than the 4.2% folks were expecting.
This Friday we will learn how strong wage growth was in October. So far in 2026 it has been slowing down, running well below the elevated inflation we’ve seen since the conflict with Iran began. This matters for a few reasons, including the Fed’s assessment of how hot the economy is running, but most fundamentally it matters for affordability.
Webinar on Oct. 19 at 2pm ET. A conversation with @NatashaRSarin @The_Budget_Lab @YaleLawSch and Eric Zwick, Professor of Economics and Finance at the @ChicagoBooth on his new book, "The Everywhere Millionaire: Who Is Really Rich in America and How They Got There" (co-authored with Owen Zidar), and what the rise of this hidden class of entrepreneurs means for inequality, opportunity, and tax policy.
Register: yale.zoom.us/webinar/regist….
Register: yale.zoom.us/webinar/regist….
Jobs Day commentary by Ryan Nunn, Director of Research, @The_Budget_Lab: This is an underwhelming jobs report when you compare it to what we saw a month ago, or to the expectations that analysts had yesterday. That said, this morning’s report indicates a labor market that is doing fine. Unemployment moved up very slightly to 4.18% from 4.14%, which remains low by any historical standard. September employment was up 29k, with downward revisions totaling -60k to the last two months. Averaging over the last three months, we're looking at growth of 51k, which is right in the middle of the range of "breakeven" estimates for payroll growth.