“The economy is struggling to create jobs. The unemployment rate is low but it’s now showing some stress,” Zandi said, adding that the closer the rate gets to 5%, the greater the risk of a “reinforcing negative cycle” that can cause a recession.

Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down.

Minnesota is lagging several other states in key economic indicators, according to a report by the Minnesota Chamber of Commerce. The report painted a grim economic picture, with declining labor force and job growth and shrinking income growth.

One of the most hotly anticipated economic reports is finally set to be released Thursday: The long-delayed jobs report for September, originally due on October 3. It marks the reopening of the floodgates for a slew of backlogged economic data that was held up due to the historic government shutdown.

Ad spend in the creator economy is expected to hit $37 billion by the end of the year, a new report from IAB found.

A “long-delayed’ pair of economic data points are set to be released “in the coming days,” leaving market analysts on edge over what could become a "defining moment” in determining whether the United States is on the cusp of a market crash,