Economy

Financial and business news

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MICHEL MARTIN, HOST:

Ever heard of these food additives? Synthetically-derived benzophenone, ethyl acrylate, methyl eugenol, myrcene, pulegone, or pyridine?

These compounds can help mimic natural flavors and are used to infuse foods with mint, cinnamon and other flavors.

You've likely never seen them on food labels because food manufacturers are permitted to label them simply as "artificial flavors."

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SCOTT SIMON, HOST:

How Trump Got His Fortune

Oct 6, 2018

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SCOTT SIMON, HOST:

The jobs news this week continues to be good: at 3.7 percent, the jobless rate is the lowest it's been since late 1969. But the number doesn't tell the whole story about the state of employment in America today.

Today on the Indicator, we steal from our econ pals to look at the jobs numbers through a few separate lenses. We look at the average number of jobs created over the last six months, which industries are hiring the fastest — and which are shedding jobs the fastest. Plus we look at the unemployment rates for certain demographics.

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ARI SHAPIRO, HOST:

Copyright 2018 Fresh Air. To see more, visit Fresh Air.

DAVID BIANCULLI, HOST:

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DAVID BIANCULLI, HOST:

Toyota has announced a safety recall of some 807,000 Prius and Prius V cars in the U.S., saying that the company needs to fix a problem that could cause the vehicles to lose power and stall "in rare situations." The recall covers Prius vehicles from the 2010-2014 model years and Prius V cars from the 2012-2014 model years.

"While power steering and braking would remain operational," Toyota says, "a vehicle stall while driving at higher speeds could increase the risk of a crash."

Updated at 10:21 a.m. ET

The U.S. jobless rate dropped to 3.7 percent in September — the lowest since 1969, though the economy added a lower-than-expected 134,000 jobs, the Bureau of Labor Statistics said. The jobless rate fell from August's 3.9 percent.

Average earnings rose 8 cents, to $27.24 per hour last month. But wage growth slowed, with average hourly earnings up 2.8 percent from a year earlier, compared with a 2.9 percent increase in August.

The economy has now added jobs for nearly eight straight years.

The Department of Transportation has announced new federal voluntary guidance on the development and use of automated vehicles — with the goal of "removing unnecessary barriers" to innovation.

With great power comes great irresponsibility. It's been 29 summers since Prince's "Batdance" heralded the release of Tim Burton's Batman, and longer than that since a comic book screen spin-off featured an original song with lyrics explicitly describing the title character. Even Joss Whedon, a musical-theater guy who made two Avengers movies, and re-wrote and re-shot a hefty chunk of last year's Justice League, failed to supply this very basic, spins-a-web, any-size, catches-thieves-just-like-flies need in his three at-bats.

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STEVE INSKEEP, HOST:

What do you remember about this week, 25 years ago? October 1993. Many of us were watching Seinfeld and the first Roseanne or listening to a Mariah Carey cassette on our Walkman. And one of the top movies that year starred Bill Murray as a TV weatherman, who relives the same day, Groundhog Day, over and over and over again.

"Bill Murray's character [is] getting caught in a time loop," says Carl Davis, research director for the non-partisan Institute on Taxation and Economic Policy.

The New York Attorney General's Office is urging a state court not to dismiss its lawsuit against President Trump's charitable foundation, saying the foundation has repeatedly violated state and federal laws.

Attorney General Barbara Underwood said the Donald J. Trump Foundation "was a shell corporation that functioned as a checkbook from which the business entity known as the Trump Organization made payments."

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