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Monday 9 October 2023

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The labor market is surging, with the U.S. adding 336,000 jobs last month, the biggest uptick since January.

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Mon Oct 9 2023

 

Charisse Jones Economic Opportunity Reporter

It's Friday, and if you're in California, whew, is it hot. But whether you're hunting for shade or sheltering from the rain back east, it's Charisse Jones with the Money headlines to keep you in the know over the weekend.

The labor market is surging. U.S. employers added 336,000 jobs last month, defying high inflation and interest rates.

It was the biggest jobs spurt since January. Meanwhile, more jobs than previously believed were also added in July and August, with the numbers revised up by 119,000 positions over those two months.

But all that good news is tempered by the fact that strong job numbers may lead the Federal Reserve to implement another interest rate hike to cool the economy and curb inflation, says economist Rubeela Farooqi of High Frequency Economics.

First eggs, now Girl Scout cookies

It's not just groceries that are getting more expensive. So are Thin Mints and Samoas.

Yep, that's right.  Inflation is also affecting the price of Girl Scout cookies.

Costs for the treats, whose sales are a beloved annual tradition, will be $5 to $7 a box next year. The 111 Girl Scout councils set their own prices so exact prices will vary.

The Girl Scouts sell roughly 200 million boxes of cookies a year, bringing in almost $800 million.

Ap Unemployment Benefits F Usa Pa

File - A help wanted sign is posted in Lansdale, Pa., Friday, April 28, 2023. On Thursday, the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/Matt Rourke, File) ORG XMIT: NYPM405

Matt Rourke, AP

📰 More stories you shouldn't miss 📰

Candy recall: Candy Dynamics recalled 70 million containers of  Slime Licker Sour Rolling Liquid Candy due to  a potential choking hazard, while KGR Candies recalled roughly 145,800 tubes of Cocco Candy Rolling Candy after a 7-year-old choked to death on a ball that dislodged from one of the sweets.

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government

File - A help wanted sign is posted in Lansdale, Pa., Friday, April 28, 2023. On Thursday, the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/Matt Rourke, File) ORG XMIT: NYPM405

Employers added 336,000 jobs in September despite high interest rates and inflation. Unemployment held steady at 3.8%.

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Not such sweet news: Girl Scout cookies prices are going up. In this Jan. 3, 2014 photo, Bellas Simmons, 8, left, her sister Callie, 10, and Danielle Thor, 9, all of Cross Lanes, W.Va., pose for a photo in Charleston, W.Va, after the Girls Scouts kicked off their annual cookie sale fundraiser with some taste testing.
 

Inflation has come for Girl Scout cookies: How much more you will pay

Inflation takes a bite out of one of your favorite treats. Be prepared to open your wallet wider this cookie season as rising costs hit Girl Scouts.

LONDON, ENGLAND - OCTOBER 12: Red paint covers a statue of Christopher Columbus in Belgrave Square Gardens on October 12, 2021 in London, England. The defacing of the statue appears to coincide with the Columbus Day holiday, which many countries in the Americas celebrate on October 12. The holiday is observed on second Monday in October in the United States. (Photo by Rob Pinney/Getty Images)
 

Will the stock market open on Columbus and Indigenous Peoples' Days?

Columbus Day is federal holiday, with many banks and schools closed. The stock market will remain open but bond markets won't.

Lamborghinis are lined up in the parking lot during the grand opening of Lamborghini of Nashville in Brentwood, Tenn., Thursday, April 20, 2023.
 
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Lamborghini vs. Nashville dealership: Who gets to claim the website?

The luxury automaker is asking for $100,000, saying the Nashville dealership is harming Lamborghini's reputation while profiting off its name.

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No, it's still not safe to travel – unless you do this

It just takes a little planning and some common-sense precautions to stay safer while traveling.

The cap of a University of Iowa graduate reads "Cancel student debt" during a commencement ceremony for the College of Liberal Arts and Sciences, Saturday, May 14, 2022, at Carver-Hawkeye Arena in Iowa City, Iowa.    220514 Ui Commencement 020 Jpg
 

These states owe the most student debt; see map

After three and a half years of the federal student loan payment pause, an estimated 44 million federal student loan borrowers are facing payments again this month.

Save money on gas, groceries and more with a Sam's Club, Walmart+, Kroger and Costco membership.
 

Grocers are collecting more of your data. How to control what they track.

Grocers like Kroger and Walmart sell data they gather about you to other data brokers or advertising technology companies.

Crocs Classic Cowboy Boot
 

Crocs' cowboy boot is their boldest shoe yet. When and how to buy them

Crocs' classic cowboy boot will debut on Oct. 23 and be available at select retail stores and on their website for a limited time.

A group of tourists walk past the Olympic rings in front of the Paris City Hall one year until the Paris 2024 Olympic Games opening ceremony, Wednesday, July 26, 2023.
 

Paris hotels already pricey ahead of 2024 Olympics

Paris is gearing up for a huge influx of visitors during the 2024 Summer Olympics, and travelers may have trouble finding an affordable hotel.

Cocco Candy Rolling Candy is being recalled because the candy's rolling ball can dislodge from the product into a child's mouth, posing a choking hazard or death, the U.S. Consumer Product Safety Commission reported on October 5, 2023.
 

70 million candy rollerballs recalled after 7-year-old girl's death

Slime Licker Sour Rolling Liquid Candy and Cocco Candy Rolling Candy are being recalled after a young girl choked to death.

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