DiscoverSharkey, Howes & JaverInside the Economy: Employment, Stock Valuations, and the U.S. Bond Market
Inside the Economy: Employment, Stock Valuations, and the U.S. Bond Market

Inside the Economy: Employment, Stock Valuations, and the U.S. Bond Market

Update: 2025-09-17
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This week on Inside the Economy, we take a closer look at employment trends, the pending rate cut, stock valuations, and the U.S. bond market. Jobless claims are rising and the unemployment rate has ticked up. Could fewer hours worked per employee be part of the story? Equity valuations are reaching levels not seen in decades. With the S&P 500 trading at a price-to-earnings ratio of 27.4, we explore whether a correction could occur or if there might be room for further growth. Meanwhile, in the bond market, commercial paper issuance has surged back to levels last seen in 2006. What could be driving this renewed activity after nearly two decades? Tune in to learn more.


 


Key Takeaways:



  • S. Core Consumer Price Index at 3.1% (YOY)

  • ISM Service Survey reached 52.0 %

  • 10-year bond yield at 4.01%

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Inside the Economy: Employment, Stock Valuations, and the U.S. Bond Market

Inside the Economy: Employment, Stock Valuations, and the U.S. Bond Market

Sharkey, Howes and Javer