US News
LAST UPDATE: September 10, 2025
US employment growth through March revised sharply lower
U.S. employment growth for April 2024–March 2025 was revised down by 911,000 jobs, revealing a much softer job market.
Insight
The record downward adjustment underscores serious labor market weaknesses, likely accelerating Fed rate-cut expectations.
Inflation Erased U.S. Income Gains Last Year
Inflation wiped out real household income gains in 2024—with median inflation-adjusted income remaining flat at ~$83,730.
Insight
The finding underscores broad economic stagnation, masked gains for affluent households and persistent inequality.
US Small-Business Optimism Edges Higher on Better Sales Outlook
Small-business optimism in August rose slightly, driven by improved sales expectations though labor quality concerns persist.
Insight
Increased optimism signals cautious confidence, but ongoing labor shortages temper the outlook.
Fed seen on track for three rate cuts this year, starting next week
Markets expect the Fed to begin a series of three rate cuts starting next week in response to weakening economic signals.
Insight
This suggests monetary policy is shifting toward support mode amid signs of slowing growth and cooling labor data.
US poverty rates not significantly changed in 2024, Census Bureau says
Reuters
U.S. poverty rates remained largely stable in 2024: supplemental poverty was 12.9%, official rate slightly dropped to 10.6%. Median household income held at $83,730. Income gains were concentrated among the top 10%, while the gender earnings gap and disparities across racial groups persisted.
Insight
Economic stagnation at the middle and lower income levels, despite aggregate stability, highlights persistent inequality and vulnerability among marginalized groups.
White House seeks stopgap government funding until Jan. 31, No. 2 House Republican says
Reuters
The White House is proposing a continuing resolution to extend funding through Jan 31, avoiding an October 1 shutdown. The plan maintains current spending levels and possibly adds emergency funding.
Insight
Lawmakers face pressure to avert another shutdown, but partisan tensions over budget control and process threaten the stability of government funding.
