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The softening in the labor market remains very gradual.
Weak October payrolls were only partly due to strikes and storms.
Hit to payrolls from Milton likely was limited.
Boost from Milton underwhelms, while claims elsewhere drop back.
Helene and strikes obscure the underlying trend.
Net trade probably only a small drag on headline growth in Q3.
Underlying equipment investment is still weak, but computers and aircraft are red hot.
A significant recovery seems unlikely in the near term.
Strong headline numbers, but a grim near-term outlook.
Punishingly high borrowing costs continuing to weigh on hiring and capex plans.
Manufacturing on course for a fresh slump in Q3.
Clearer signs that services sector employment is rolling over.
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