Kyle Risdell
๐ค SpeakerAppearances Over Time
Podcast Appearances
Bond prices went up.
The yield on the 10-year T-note thus fell down to 4.19% on the 10-year.
You are listening to Marketplace.
This is Marketplace.
I'm Colin Risdell.
Dan Ackerman started us off today with labor market data, job openings and first-time claims for unemployment, specifically where the news was, as you remember, because it was like nine and a half, ten minutes ago.
Meh, honestly.
If you pull back just a bit, though.
It doesn't get too terribly much better.
We're not getting the January unemployment report till next Wednesday versus tomorrow.
Thank you.
Most recent government shutdown.
But what we know so far is not real encouraging.
The private sector payroll data we got yesterday from ADP was underwhelming.
Just twenty two thousand new jobs in January.
The unemployment rate does remain a bright spot, trending up, but still just 4.4 percent last we heard.
As happens with data, though, the headline simply isn't the whole story.
There have been, in fact, upward spikes in unemployment for specific groups.
Black unemployment in particular is up nearly one and a half percentage points in the past year to seven and a half percent right now.
Black women's unemployment is