Steve Rattner
@steverattner.bsky.social
Former head of Obama Auto Task Force. Wall Street financier. Contributing Writer to NY Times Op-Ed. Morning Joe Economic Analyst. 🌐
Consumption growth rose to a 3.5% annual rate in Q3, but remains below GDP growth and 2024 consumption growth.
December 23, 2025 at 1:46 PM
Consumption growth rose to a 3.5% annual rate in Q3, but remains below GDP growth and 2024 consumption growth.
GDP growth rose to 4.3% in Q3 of 2025.
December 23, 2025 at 1:43 PM
GDP growth rose to 4.3% in Q3 of 2025.
In 2025, the Trump Administration and a Republican Congress rolled back much of America’s progress on clean energy, pushing greenhouse gas emissions projections by 24%.
December 22, 2025 at 6:30 PM
In 2025, the Trump Administration and a Republican Congress rolled back much of America’s progress on clean energy, pushing greenhouse gas emissions projections by 24%.
In 2025, America saw the highest number of measles cases in over 30 years. That’s just a preview of what’s to come as RFK Jr continues his rollback of vaccine guidance.
December 22, 2025 at 6:30 PM
In 2025, America saw the highest number of measles cases in over 30 years. That’s just a preview of what’s to come as RFK Jr continues his rollback of vaccine guidance.
Two weeks ago, I explained on @morningjoe-msnow.bsky.social that you can’t have more than a 100% decline in the price of something. Yet Trump keeps talking about price declines of 500% or more. He may be mathematically illiterate but doesn’t he have a staff?
December 19, 2025 at 2:53 PM
Two weeks ago, I explained on @morningjoe-msnow.bsky.social that you can’t have more than a 100% decline in the price of something. Yet Trump keeps talking about price declines of 500% or more. He may be mathematically illiterate but doesn’t he have a staff?
AI isn’t going to eliminate all jobs. In the next 10 years, we’ll see employment growth in the healthcare, infrastructure, and computer science, and financial sectors.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
December 18, 2025 at 2:22 PM
AI isn’t going to eliminate all jobs. In the next 10 years, we’ll see employment growth in the healthcare, infrastructure, and computer science, and financial sectors.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
Another sign of future labor market downturn: unemployed workers are taking longer to find jobs.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
December 18, 2025 at 2:22 PM
Another sign of future labor market downturn: unemployed workers are taking longer to find jobs.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
Health care and social assistance have led employment growth this year. Despite Trump’s efforts, manufacturing saw among the worst job losses.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
December 18, 2025 at 2:21 PM
Health care and social assistance have led employment growth this year. Despite Trump’s efforts, manufacturing saw among the worst job losses.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
Employment growth since “Liberation Day” has been very close to zero, and — based on Powell’s predictions for data corrections — potentially negative.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
December 18, 2025 at 2:20 PM
Employment growth since “Liberation Day” has been very close to zero, and — based on Powell’s predictions for data corrections — potentially negative.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
Unemployment rates for Black workers and young workers have risen particularly sharply this year — a harbinger of future pain in the broader labor market.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
December 18, 2025 at 2:20 PM
Unemployment rates for Black workers and young workers have risen particularly sharply this year — a harbinger of future pain in the broader labor market.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
November inflation came in lower than expected, dropping to 2.7%
December 18, 2025 at 1:49 PM
November inflation came in lower than expected, dropping to 2.7%
I had a great conversation on the economic year in review with John Molner on @katiecouric.bsky.social's substack livestream yesterday, covering everything from tariffs to affordability to AI.
youtu.be/7EHURcXnUfs?...
youtu.be/7EHURcXnUfs?...
2025 in Business: Markets, Money & the Economy Explained
YouTube video by Katie Couric
youtu.be
December 17, 2025 at 2:32 PM
I had a great conversation on the economic year in review with John Molner on @katiecouric.bsky.social's substack livestream yesterday, covering everything from tariffs to affordability to AI.
youtu.be/7EHURcXnUfs?...
youtu.be/7EHURcXnUfs?...
This afternoon, I’ll join @katiecouric.bsky.social's substack livestream to review 2025’s biggest economic, business, and financial developments.
Tune in at 5pm EST
substack.com/@katiecouric
Tune in at 5pm EST
substack.com/@katiecouric
Katie Couric | Substack
I’m a journalist always looking for a deeper understanding of the issues.
substack.com
December 16, 2025 at 7:53 PM
This afternoon, I’ll join @katiecouric.bsky.social's substack livestream to review 2025’s biggest economic, business, and financial developments.
Tune in at 5pm EST
substack.com/@katiecouric
Tune in at 5pm EST
substack.com/@katiecouric
The new jobs numbers put post-liberation day job growth at an anemic 17K per month. But Fed Chair Powell warned that the true number may be about 60K lower, which would mean a loss of 43K jobs/month.
December 16, 2025 at 5:01 PM
The new jobs numbers put post-liberation day job growth at an anemic 17K per month. But Fed Chair Powell warned that the true number may be about 60K lower, which would mean a loss of 43K jobs/month.
The new jobs numbers put post-liberation day job growth at an anemic 17K per month. But Fed Chair Powell warned that the true number may be about 60K lower, which would mean a loss of 43K jobs/month.
December 16, 2025 at 5:00 PM
The new jobs numbers put post-liberation day job growth at an anemic 17K per month. But Fed Chair Powell warned that the true number may be about 60K lower, which would mean a loss of 43K jobs/month.
Excluding covid, the unemployment rate is at its highest level in over 8 years.
The labor market is deteriorating particularly quickly for young workers, who are facing a 10.6% unemployment rate.
The labor market is deteriorating particularly quickly for young workers, who are facing a 10.6% unemployment rate.
December 16, 2025 at 5:00 PM
Excluding covid, the unemployment rate is at its highest level in over 8 years.
The labor market is deteriorating particularly quickly for young workers, who are facing a 10.6% unemployment rate.
The labor market is deteriorating particularly quickly for young workers, who are facing a 10.6% unemployment rate.
Excluding the healthcare sector, the US has lost 85,000 jobs this year
December 16, 2025 at 4:59 PM
Excluding the healthcare sector, the US has lost 85,000 jobs this year
US payrolls grew by 64K in November, but shrunk by 105K in October.
December 16, 2025 at 1:47 PM
US payrolls grew by 64K in November, but shrunk by 105K in October.
The unemployment rate rose to 4.6% in November, higher than expected.
December 16, 2025 at 1:47 PM
The unemployment rate rose to 4.6% in November, higher than expected.
Harvard’s Pricing Lab data shows that goods prices – which were previously declining – have been on the rise since Trump started his trade war. Even domestic goods prices rose, though by a smaller amount.
December 15, 2025 at 5:14 PM
Harvard’s Pricing Lab data shows that goods prices – which were previously declining – have been on the rise since Trump started his trade war. Even domestic goods prices rose, though by a smaller amount.
Large-cap CEOs are feeling pessimistic about 2026, with more executives expecting the economy to worsen than improve. Interestingly, mid-cap CEOs and investors are far more bullish.
cc: Teneo
cc: Teneo
December 15, 2025 at 5:13 PM
Large-cap CEOs are feeling pessimistic about 2026, with more executives expecting the economy to worsen than improve. Interestingly, mid-cap CEOs and investors are far more bullish.
cc: Teneo
cc: Teneo
Yesterday, Powell said that payrolls maybe overstated by about 60K per month. That would leave us with net negative job growth since April.
December 11, 2025 at 3:51 PM
Yesterday, Powell said that payrolls maybe overstated by about 60K per month. That would leave us with net negative job growth since April.
It was a year of internal disagreement for the FOMC — we haven’t seen this many dissenting Governor votes in 32 years. Total Governor & President votes are at a 12-year high.
December 11, 2025 at 3:50 PM
It was a year of internal disagreement for the FOMC — we haven’t seen this many dissenting Governor votes in 32 years. Total Governor & President votes are at a 12-year high.
AI may save Trump’s GDP numbers, but it won’t do much good for employment, at least not in the short-run.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
December 11, 2025 at 2:48 PM
AI may save Trump’s GDP numbers, but it won’t do much good for employment, at least not in the short-run.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
Since last year, GDP and inflation forecasts for 2026 have risen, but so has projected unemployment. The explanation? Higher productivity.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart
December 11, 2025 at 2:48 PM
Since last year, GDP and inflation forecasts for 2026 have risen, but so has projected unemployment. The explanation? Higher productivity.
My @morningjoe-msnow.bsky.social Chart
My @morningjoe-msnow.bsky.social Chart