The Big Four Recession Indicators: November 2025 Employment

Published on December 16, 2025

There is a general belief that there are four big indicators that the NBER Business Cycle Dating Committee weighs heavily in their cycle identification process. This commentary focuses on one of these indicators: nonfarm employment. In November, total nonfarm payrolls increased by 64,000 while the unemployment rate rose to 4.6%.

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Gas Prices Continue to Drop, Remain at 4.5-Year Low

December 16, 2025
Gas prices continued to drop this week, remaining at their lowest level in over 4.5 years. As of December 15th, the price of regular gas was down 4 cents and the price of premium gas was down 5 cents from the previous week.

SEC Finds Some Advisors Still Missing Ad Rule Disclosure Requirements

December 16, 2025
In the agency’s latest risk alert related to the marketing rule amendments from several years ago, SEC staff found that some firms fail to provide mandated disclosures when testimonials and endorsements are used.