Business

The Olympic Games almost always comes with a substantial financial burden for a host city. But are cost-benefit analysts too simplistic for how we evaluate their impact?

U.S. employers added just 114,000 jobs in July as the unemployment rate rose to 4.3%. The weaker-than-expected report is adding to fears of an economic slowdown.

Jobs numbers came out today and they weren't great: Unemployment hit 4.3% and only 114,000 jobs were added to the economy in July. The U.S. economy's downshifting gears ... but there are bright spots.

Care jobs grew. Like social assistance: 9,000 new jobs in July.

Social work organizations have been calling out for more men in particular ... and with unemployment rising for men, a lot of them want jobs. So why aren't they meeting?

Today on the show: Getting more men into so-called pink-collar jobs. We learn about an experiment that showed a surprising way to encourage men into industries traditionally represented by women.

Related Episodes:
Wanted: Social workers
Ghost jobs

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Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

Maybe you got a boring slip of paper in the mail. Maybe you got a spammy-looking email promising you money. Surprise! You're in a class action. If you've done any commerce in the last decade, there's a good chance that someone somewhere was suing on your behalf and you have real money coming your way... if you know what to do.

Class action settlements are on the rise. And, on today's show, we're helping decipher the class action from the perspective of the average class member. How do class actions work? Why are these notices sometimes undecipherable? And, what do you stand to gain (or lose) by responding?

This episode was hosted by Kenny Malone and Nick Fountain. It was produced by James Sneed with help from Sam Yellowhorse Kesler. It was edited by Jess Jiang and fact-checked by Sierra Juarez. Engineering by Cena Loffredo. Alex Goldmark is Planet Money's executive producer.

Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

The modern Olympic Games are notorious for saddling host cities with burdensome cost overruns into the billions. Organizers for the Paris 2024 Olympics were aware of this and planned to put on one of the most cost-effective Olympics in recent memory. They still went over budget.

Today on the show, why the Olympics almost always costs host cities much more than they anticipate and what we can learn from the Olympic Games' original economic sin.

Related episodes:
Peacock, potassium and other Paris Olympics Indicators (Apple / Spotify)
Why California's high speed rail was always going to blow out (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.