Wall Street Breakfast Unemployment rate keeps climbing
18 snips
Dec 16, 2025 The unemployment rate has risen to 4.6%, marking the highest level since 2021. Analysts express skepticism about an ice cream-focused investment. Exciting news for fans as Howard Stern secures a new deal with Sirius. Additionally, there's a bold prediction from Morgan Stanley about Tesla's future with a projected fleet of driverless cars reaching one million by 2035. Meanwhile, Pfizer has lowered its revenue outlook, emphasizing the shifting dynamics in the market.
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Unemployment Hits Highest Since 2021
- The unemployment rate rose to 4.6% in November, the highest since September 2021.
- This marks the fourth straight month of increases and a 16-year unusual pattern of continuous rises.
Private Hiring Is Weak And Uneven
- Private sector hiring looks weak, averaging about 45,000 jobs per month and possibly stalling.
- Economists warn that flows and changes in unemployment mask weaker conditions for younger workers.
Mixed Company Reactions: Pfizer And Magnum
- Pfizer trimmed its revenue outlook slightly below street forecasts while maintaining EPS guidance.
- Analysts reacted cautiously to Magnum's Unilever spin-off, starting coverage with hold-equivalent ratings.