Yesterday’s News 2025 10 11

curated news excerpts & citations

unemployment line

Moneywise: The US now has more unemployed workers than job openings for the 1st time since April 2021 — why this single ‘turning point’ signals trouble ahead

Axios notes that just three years ago, Americans revelled in a job market that offered a greater than 2:1 ratio of jobs to unemployed people. “As of July, that ratio has fallen to 0.99”.

According to Reuters, many economists blame the Trump tariffs for cooling the labor market, with Wells Fargo senior economist Sarah House telling the outlet that her firm expects “the slower pace of consumer spending and cost pressures related to tariffs will keep the pressure on businesses to look for cost savings where they can, including their workforce”.

(Moneywise more…)

NY Times: Trump Threatens to Cancel Meeting With China’s Xi and Impose New Tariffs

Sarah Jones & Jason Easley: JB Pritzker Urges Trump’s Family To Get Him Medical Help For Dementia

At a White House event, Trump claimed he was lowering drug prices by 1000%, and then confused groceries, gas, and oil in remarks that showed his apparent growing inability to form thoughts.

Forbes: Trump And RFK Jr. Double Down On Unproven Tylenol-Autism Link: ‘We’re Doing The Studies To Make The Proof’

MedCity News: Why Healthcare Leaders Are Worried About the New H-1B Visa Fee

Experts warn that the Trump administration’s new $100,000 fee for H-1B visa applications could worsen healthcare’s workforce crisis, especially in rural areas, by making it prohibitively expensive for hospitals to hire international clinicians.


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