Morning Brew Daily Market Tumbles After Jobs Report & Nasdaq Wants to Trade Around the Clock
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Dec 17, 2025 The latest jobs report sent shockwaves through the market, revealing rising unemployment and weak payrolls. A tightening race for the Fed chair has analysts buzzing. Nasdaq's push for 23-hour trading raises questions about market volatility. Meanwhile, Uber and DoorDash fight against a new tipping law in New York that could reshape delivery earnings. Lastly, a quirky story about viral raccoon merch delightfully supports local animal shelters.
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Young Workers Are Struggling Most
- Young workers fared worst: unemployment for ages 16–24 hit 10.6%, the highest since 2021, showing entry-level stress.
- Overall three- and six-month job averages are well below replacement rates, hinting at an unstable labor market.
Healthcare Is Carrying Job Gains
- Healthcare and social assistance drove nearly all recent private-sector gains, while manufacturing has declined since March.
- Neil Freeman notes healthcare accounted for 116% of private job gains as other sectors shed roles.
Fed Likely To Look Past Noisy Data
- The Fed may discount this noisy report because shutdown-related data distortions cloud recent readings.
- Toby Howell says officials prefer to ‘wait for everything to clear up’ before reacting decisively.