Story perspectives

Stagflation Hits: Rising Unemployment and Inflation Unsettle Market

10/11/2025

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Summary

Story summary

October 2025 shows stagflation with stagnant growth and persistent inflation.
Unemployment rises as hiring slows to recessionary levels, signaling a deteriorating labor market.
Thomas Simons of Jefferies warns of lower participation by younger and older workers.
The ISM Services PMI shows rising costs and shrinking job growth, complicating the Fed's rate stance.
Key data releases are postponed amid a government shutdown, leaving investors uncertain about inflation trends.

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Story summary

October 2025 shows stagflation with stagnant growth and persistent inflation.
Unemployment rises as hiring slows to recessionary levels, signaling a deteriorating labor market.
Thomas Simons of Jefferies warns of lower participation by younger and older workers.
The ISM Services PMI shows rising costs and shrinking job growth, complicating the Fed's rate stance.
Key data releases are postponed amid a government shutdown, leaving investors uncertain about inflation trends.