The number of new hires in August was about equal to the number of Americans who lost or quit their jobs in the same month. That means they sorta just .... cancel each other out. In this episode, what’s causing this strange stagnation? Plus: Bank of America and Amazon are raising their minimum pay, the U.S.-China trade war has soy and sorghum farmers worried, and a Seattle mall caters to and celebrates plus-size shoppers.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
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Rep. Ayanna Pressley on the troubling rise in Black women's unemployment
This week, the Federal Reserve cut interest rates and made it clear that its attention is turning to the labor market. It’s showing cracks, particularly for Black workers. On the show today, Massachusetts Rep. Ayanna Pressley joins Kimberly to discuss rising Black women’s unemployment in the United States and why she’s calling on the Fed to do something about it. Plus, Kimberly digs through your anime recs. Which ones have you seen?Here’s everything we talked about today:"Pressley urges Fed chair to address Black women's unemployment as the figure rises" from NBC News"There are worrying signs buried in the August jobs report" from Marketplace "Rising Unemployment Among Black Women Is a Bad Economic Sign" from Time"Demon Slayer: Infinity Castle slays the U.S. box office with record-breaking debut" from PolygonJoin us tomorrow for “Economics on Tap.” The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.
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Why home insurance premiums are climbing
This week, J.D. Power reported that nearly half of all homeowners saw home insurance premiums go up in the last year. It's just one of the pressures squeezing prospective buyers. A major culprit behind the price increases? Climate change. Also on the show: Nvidia is buying a $5 billion stake in Intel, and we look at what the end of “de minimis" tax exemption means for air cargo companies.
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How can we describe Trump's economic interventions?
There's a long list of actions the Trump administration has taken in this economy: calling for the removal of Intel's CEO, then purchasing a nearly 10% stake in that company; special exemptions to tariffs; calls on Walmart not to raise prices; and even telling Coca-Cola to use cane sugar and Cracker Barrel to keep its old logo. What can we make of all this? And what should we call it? Plus, economic predictions by Fed members are all over the map.
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6:35
Anti-austerity strikes erupt across France
From the BBC World Service: In France, 800,000 people are expected to participate in a day of protests and strikes across the country to rally against planned budget cuts. Plus, Brazilian President Luiz Inácio Lula da Silva warns that steep U.S. tariffs on goods like coffee from his country will hit American consumers. And, the families of four passengers who died on the Air India jet crash in June are suing two companies they say are responsible.
Marketplace® is the leading business news program in the nation. We bring you clear explorations of how economic news affects you, through stories, conversations, newsworthy numbers and more. The Marketplace All-in-One podcast provides each episode of the public radio broadcast programs Marketplace, Marketplace Morning Report®and Marketplace Tech® along with our podcasts Make Me Smart, Corner Office and The Uncertain Hour. Visit marketplace.org for more. From American Public Media.
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