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. 🌐
Despite jobs growth outperforming expectations, September's unemployment rose by more than expected, reaching 4.4%, its highest level since 2021.
November 20, 2025 at 1:44 PM
Despite jobs growth outperforming expectations, September's unemployment rose by more than expected, reaching 4.4%, its highest level since 2021.
Payroll growth rose to 119K in September, exceeding expectations.
November 20, 2025 at 1:41 PM
Payroll growth rose to 119K in September, exceeding expectations.
Despite Trump's popularity in the crypto community, bitcoin prices are lower than they were when he took office.
November 18, 2025 at 2:44 PM
Despite Trump's popularity in the crypto community, bitcoin prices are lower than they were when he took office.
Mayor-elect Mamdani hopes to raise the corporate tax to match New Jersey’s 11.5%. That would move NY from the 17th highest state corporate tax in the nation to tie for #1.
November 14, 2025 at 7:38 PM
Mayor-elect Mamdani hopes to raise the corporate tax to match New Jersey’s 11.5%. That would move NY from the 17th highest state corporate tax in the nation to tie for #1.
The post-GFC era has seen relatively sluggish productivity growth. AI stands to bring back the progress.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 13, 2025 at 2:45 PM
The post-GFC era has seen relatively sluggish productivity growth. AI stands to bring back the progress.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
One way to think about the benefits of AI is this: innovation lowers prices for everything from phone calls to TVs.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 13, 2025 at 2:44 PM
One way to think about the benefits of AI is this: innovation lowers prices for everything from phone calls to TVs.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
While technological progress involves some job loss, it also creates new jobs. Those in the tech, clean energy, and health sectors are set to grow fastest.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 13, 2025 at 2:44 PM
While technological progress involves some job loss, it also creates new jobs. Those in the tech, clean energy, and health sectors are set to grow fastest.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
Creative destruction is part of progress. We no longer have telephone operators, but calls are now cheaper and faster.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 13, 2025 at 2:43 PM
Creative destruction is part of progress. We no longer have telephone operators, but calls are now cheaper and faster.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
Of course, that doom didn’t come to pass — payrolls increased and unemployment dropped.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 13, 2025 at 2:42 PM
Of course, that doom didn’t come to pass — payrolls increased and unemployment dropped.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
Fear of automation-doom isn’t new. In 1963, Life Magazine predicted job scarcity and a “point of no return” due to manufacturing machines.
@morningjoe-msnbc.bsky.social
@morningjoe-msnbc.bsky.social
November 13, 2025 at 2:41 PM
Fear of automation-doom isn’t new. In 1963, Life Magazine predicted job scarcity and a “point of no return” due to manufacturing machines.
@morningjoe-msnbc.bsky.social
@morningjoe-msnbc.bsky.social
Consumer sentiment has tanked since Trump took office. It’s well below last year’s levels and nowhere near Trump’s first-term levels.
November 12, 2025 at 4:46 PM
Consumer sentiment has tanked since Trump took office. It’s well below last year’s levels and nowhere near Trump’s first-term levels.
The US spends over a sixth of our GDP on healthcare, far more than other similar countries.
America wasn’t always such an outlier, though – back in 1970, we had more similar spending levels.
America wasn’t always such an outlier, though – back in 1970, we had more similar spending levels.
November 11, 2025 at 6:50 PM
The US spends over a sixth of our GDP on healthcare, far more than other similar countries.
America wasn’t always such an outlier, though – back in 1970, we had more similar spending levels.
America wasn’t always such an outlier, though – back in 1970, we had more similar spending levels.
Consumer sentiment is at its second-lowest level ever – the only time Americans felt worse was during the 2022 inflation.
My @Morning_Joe Chart
My @Morning_Joe Chart
November 11, 2025 at 2:47 PM
Consumer sentiment is at its second-lowest level ever – the only time Americans felt worse was during the 2022 inflation.
My @Morning_Joe Chart
My @Morning_Joe Chart
Since May, Republican inflation expectations have climbed while Democrats' have dropped.
November 7, 2025 at 3:21 PM
Since May, Republican inflation expectations have climbed while Democrats' have dropped.
Consumer sentiment dropped for the fourth month in a row in November.
November 7, 2025 at 3:17 PM
Consumer sentiment dropped for the fourth month in a row in November.
Announced job cuts rose to 153,074 in October, the highest level for the month in 22 years.
November 6, 2025 at 5:50 PM
Announced job cuts rose to 153,074 in October, the highest level for the month in 22 years.
The long-term unemployment rate is at its highest level since 2016 — a sign of labor market weakness.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 6, 2025 at 4:21 PM
The long-term unemployment rate is at its highest level since 2016 — a sign of labor market weakness.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
The unemployment rate for 20- to 24-year-olds is 9.2%, its highest level since 2016.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 6, 2025 at 4:20 PM
The unemployment rate for 20- to 24-year-olds is 9.2%, its highest level since 2016.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
The average first-time homebuyer age in 2025 was 40 years old. That must have a huge negative impact on young Americans’ view of the economy.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 6, 2025 at 4:20 PM
The average first-time homebuyer age in 2025 was 40 years old. That must have a huge negative impact on young Americans’ view of the economy.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
Americans are still experiencing sticker-shock when it comes to housing, with mortgage payments about double pre-covid levels.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 6, 2025 at 4:19 PM
Americans are still experiencing sticker-shock when it comes to housing, with mortgage payments about double pre-covid levels.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
Since 2019, real personal spending has only increased for the top fifth of earners — that’s one reason why Americans don’t think their finances are improving.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 6, 2025 at 4:19 PM
Since 2019, real personal spending has only increased for the top fifth of earners — that’s one reason why Americans don’t think their finances are improving.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
Trump’s economic approval rating is even worse than his overall approval rating. That’s a reversal from his first term, when the economy was his relative strength.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
November 6, 2025 at 4:18 PM
Trump’s economic approval rating is even worse than his overall approval rating. That’s a reversal from his first term, when the economy was his relative strength.
My @morningjoe-msnbc.bsky.social Chart
My @morningjoe-msnbc.bsky.social Chart
New Jersey Governor-elect Mikie Sherrill campaigned on a promise to use a state of emergency to freeze electricity costs for a year, as NJ residential electricity price inflation hit 25% in June.
November 5, 2025 at 8:56 PM
New Jersey Governor-elect Mikie Sherrill campaigned on a promise to use a state of emergency to freeze electricity costs for a year, as NJ residential electricity price inflation hit 25% in June.
According to ADP, the US added 42K private payrolls in October, slightly higher than expected.
November 5, 2025 at 5:53 PM
According to ADP, the US added 42K private payrolls in October, slightly higher than expected.
Five times as many New Yorkers voted early in this mayoral election compared to the previous one.
cc: @gothamist.com
cc: @gothamist.com
November 3, 2025 at 8:57 PM
Five times as many New Yorkers voted early in this mayoral election compared to the previous one.
cc: @gothamist.com
cc: @gothamist.com