Marketplace

Are we spending more because we can, or because we have to?

Consumers may have revved up their spending in October, but spending more doesn’t mean getting more — prices are also up this holiday season. In this episode, why most shoppers feel like they're doing less with more. Plus: Auto loan delinquencies rise, mortgage applications heat up during an often-chilly season, and Kai explains the price-earnings ratio of the S&P 500, which is at a decades-high. Every story has an economic angle. Want some in your inbox? Subscribe [https://www.marketplace.org/newsletters] to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org [https://www.marketplace.org/] — and consider making an investment [https://www.marketplace.org/make-a-smart-investment] in our future.

More labor market blues

Business owners aren’t too optimistic about the labor market, according to an NFIB survey. About a third are struggling to fill an open position, and around a quarter said labor quality was their most pressing issue. In this episode, we scrape together a picture of today’s labor market, sans government data. Plus: Cities issue bonds at a record pace, we explain the consequences of Trump’s proposal to back 50-year mortgages and one report shows real wage growth has slowed to 2%. Every story has an economic angle. Want some in your inbox? Subscribe [https://www.marketplace.org/newsletters] to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org [https://www.marketplace.org/] — and consider making an investment [https://www.marketplace.org/make-a-smart-investment] in our future.

Where we're at with tariffs and inflation

Despite expectations surrounding President Donald Trump’s tariffs, inflation doesn’t seem to be speeding up — though it’s hard to say for sure without all that reliable federal data. You can thank cooling services inflation (where most consumer spending goes) and a softer labor market, which has reduced some companies’ ability to raise prices. Also in this episode: Corporate earnings look bright and sunny, Visa and Mastercard reach an agreement with merchants over credit card fees, and retailers revive physical holiday catalogs. Every story has an economic angle. Want some in your inbox? Subscribe [https://www.marketplace.org/newsletters] to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org [https://www.marketplace.org/] — and consider making an investment [https://www.marketplace.org/make-a-smart-investment] in our future.

Consumer sentiment hits three-year low

Consumer sentiment — as in, how everyday people feel about the economy — fell to a low not seen since 2022, according to the University of Michigan’s Surveys of Consumers. The decline was consistent across demographics, except among the wealthiest Americans (as measured by volume of stock market holdings). In other words, economic mood just became another k-shaped indicator. Also in this episode: Colleges shutter satellite campuses to cut costs and small and midsize businesses shrink their headcounts. Every story has an economic angle. Want some in your inbox? Subscribe [https://www.marketplace.org/newsletters] to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org [https://www.marketplace.org/] — and consider making an investment [https://www.marketplace.org/make-a-smart-investment] in our future.

A 20-year record for job cuts

The firm Challenger, Gray & Christmas counted over 153,000 job cuts in this country last month — the most October layoffs since 2003. Are companies pivoting to save money in light of over hiring and AI, or we are we moving toward a more serious slowdown? Also in this episode: A training center in China narrows the gap between tech manufacturing labor supply and demand, the FAA orders flight cuts, and “green” data centers face expensive challenges. Every story has an economic angle. Want some in your inbox? Subscribe [https://www.marketplace.org/newsletters] to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org [https://www.marketplace.org/] — and consider making an investment [https://www.marketplace.org/make-a-smart-investment] in our future.