Federal Government Job Cuts Still Hitting Employment Data: The Labor Market by Major Industry in Charts by Wolf Richter • Nov 20, 2025 • 36 Comments Federal and state governments cut 122,000 employees this year through September. But other industries hired.
The 24 Bigger Cities where Condo Prices Have Dropped by 12% to 29% through October by Wolf Richter • Nov 19, 2025 • 46 Comments The Condo Bust deepens and spreads to more cities, unwinding some mindboggling Condo Bubbles.
Treasury Market Scuttles Hope for December Rate Cut, Doubts January Cut, after Hawkish Fed Minutes by Wolf Richter • Nov 19, 2025 • 31 Comments “Many participants suggested that … it would likely be appropriate to keep the target range unchanged for the rest of the year.”
Social Security Fiscal Year 2025: Trust Fund Balance, Income, Outgo, Deficit, and Interest Rates by Wolf Richter • Nov 18, 2025 • 83 Comments The deficit doubled, as benefit payments spiked in part due to the expansion of Social Security, while income rose only slowly.
Another Sign that a Major Rethink of the Size of the Fed’s Balance Sheet Is Gaining Momentum by Wolf Richter • Nov 17, 2025 • 103 Comments Warsh, on the shortlist for Fed Chair, advocates for more QT, a smaller balance sheet, and lower short-term rates, in sync with Bessent.
Construction Spending on Data Centers, Factories, Powerplants, and Office Buildings: Boom at One End, Bust at the Other End by Wolf Richter • Nov 17, 2025 • 62 Comments But spending on factories dwarfs spending on data centers.
The Most Splendid Housing Bubbles in America: Price Drops & Gains in 33 Large Expensive Metros in October 2025 by Wolf Richter • Nov 16, 2025 • 67 Comments Prices fell year-over-year in 22 of the 33 metros. In 9 of the 33, prices rose to new highs.
Government Sold $694 Billion of Treasuries this Week, Debt Hits $38.2 Trillion, Treasury Yields Rise Further, Shift to T-Bills Begins by Wolf Richter • Nov 14, 2025 • 145 Comments Long-term Treasury yields under pressure, amid large auctions of notes and bonds, despite shift to T-bills.
Data Fog Engulfing October due to Government Shutdown May “Never” Be Fully Lifted by Wolf Richter • Nov 13, 2025 • 73 Comments Survey-based data doesn’t exist because the surveys were not conducted in October. But data that companies electronically submitted exists.
Inflation Rages in Streaming Services by Wolf Richter • Nov 12, 2025 • 115 Comments Consumers, despite their ultra-foul mood, are not pushing back with waves of cancellations that would keep a lid on streamflation.
