It was starting to look like market sentiment was immune to the news flow. But all it took was one social media comment by President Trump on Friday to remind the crowd that risk and uncertainty were still lurking below the surface, waiting for someone or something to revive fear and panic.
Daily Archives: October 13, 2025
Macro Briefing: 13 October 2025
The US breakeven employment level — the number of jobs required each month to keep the labor market in balance — has declined after immigration changes, estimates a researcher at the Dallas Fed: “A new, high-frequency estimate of break-even employment shows a dramatic reversal in immigration flows, combined with cyclical shifts in labor force participation, has caused the monthly break-even requirement to collapse from a peak of approximately 250,000 in 2023 to about 30,000 in mid-2025.”
