What does the latest US economic data show?
Asked 1 day ago
Answer
Recent US economic data shows private sector job losses and a weakening labor market, with ADP reporting negative numbers. The decline is attributed mainly to a government shutdown and deportations, not tariffs. Inflation remains below 3%, and tariffs are not seen as a major factor unless above 15%. Bond yields have dropped in response to weak jobs data. Economic leaders expect a temporary downturn and predict strong GDP growth next year, driven by construction, AI, and lower energy costs.
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Weak jobs data pulls U.S. yields lower
CNBC · Current
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Current
- ADP data shows labor market deterioration over the past year 8s
- Weak jobs data caused early decline in U.S. bond yields 26s
- S&P futures briefly pulled yields higher before effect faded 33s
- Yields fell three basis points across all maturities 58s
- Japanese 10-year yield closed at an 18-year high 1m 8s
