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00:02Carlisle Group has stepped in to fill the U.S. economic data gap caused by the ongoing government shutdown, according to Bloomberg.
00:08It published its own estimates of timber payrolls, showing just 17,000 jobs added, among the weakest results since the 2020 recession.
00:15Labor Department's report, delayed by the shutdown, has been expected to show a 54,000 increase.
00:20From over a decade, Carlisle has produced its own estimates of U.S. GDP, consumer spending, and inflation as stand-ins when government data is delayed or unavailable.
00:29Carlisle's Jason Thomas said payroll data suggests a near recession, but other economic indicators show no such weakness.
00:35Federal Reserve cut interest rates last month in response to softening labor conditions, fresh data on jobs, and inflation could influence future rate decisions.
00:43For all things money, visit Benzinga.com.
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