As 2025 closed, noise in the jobs and inflation data – mostly due to missed data collection during the government shutdown — clouded economic signals. The last nonfarm payrolls data for the year, due Friday, may clear the fog a little, but not by much. Bloomberg Economics expects the unemployment rate to hold stubbornly at 4.6% for December, and nonfarm payrolls – when adjusted for overstatement – to show barely positive net hiring. Bloomberg Economics US and Canada Economist Stuart Paul joins Bloomberg Businessweek Daily to discuss this week's economic data and more. He speaks with Carol Massar and Tim Stenovec.