In this podcast, the host discusses the current state of the labor market and economic indicators. He mentions that the labor market is starting to soften, but consumer spending remains steady. He also touches on the recent jobs report, which showed lower-than-expected payroll increases for October. Construction and housing are doing well, while manufacturing has seen a decrease in job numbers. The host expresses optimism for the upcoming holiday season and believes that a recession is unlikely. Overall, he is positive about the current economic situation.
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