Third-quarter results were strong, even as the broader economy showed signs of slowing.

The labor market is a key barometer for economic health and market direction. Recent data underscores its importance: October’s Challenger Report showed more than 153,000 planned job cuts, the highest for that month in over two decades, while Worker Adjustment and Retraining Notification Act (WARN) notices surged to nearly 40,000 across 21 states. These aren’t just headlines—they help shape expectations for growth, inflation, and policy.

In 2025, the U.S. economy has shown resilience despite challenges from government policies.

Despite significant market volatility and policy shifts, the U.S. economy enters a new paradigm with a solid foundation.