Manageable for whom?

"US employers continued to hire at a solid pace and the jobless rate unexpectedly fell to 3.5%, matching the lowest since 1969 and putting an inflation-focused Fed on course for another outsize interest-rate hike next month." Bloomberg. In Turkey, "Consumer prices rose 83.5% in September on an annual basis," "The slide in Swedish home prices deepened in September," "UK corporate insolvencies in the second quarter reached their highest since 2009," "Israel's central bank raised interest rates highest since 2011. New Zealand, Ghana and Peru also hiked, while Poland unexpectedly held rates steady." Meanwhile, "India's retail inflation accelerated to a five-month high 7.30% in September due to surging food prices, staying well above Reserve Bank of India's (RBI) upper tolerance band for a ninth month, a Reuters poll found." "India's growth rate for FY24 (1 April 2023-31 March 2024) is likely to witness a sharp moderation to 5.2 percent as compared to FY23, said Japanese brokerage Nomura." ET. Nomura predicts FY23 GDP growth at 7% in line with RBI forecast. Growth may be slowing already. "There has been a decline of 11.80 percent in Indians searching for retail jobs from August 2021 to August this year, according to a report." ET.  "As many as 347 people have died while cleaning sewers and septic tanks in the last five years, with Uttar Pradesh, Tamil Nadu and Delhi accounting for 40% of these fatalities, according to government data." TOI. Clearly people are forced into this dangerous, disgusting work because there are no jobs but, in a disgraceful, sly effort to rid themselves of any responsibility, politicians have passed a law punishing anyone employing humans for this work. "The Finance Ministry...informed that India's direct tax collection surged 24 percent to Rs 8.98 lakh crore (Rs 8.98 trillion) between April 1-October 8, 2022." ET. " Tax collection is an indicator of economic activity in any country. But in India, the robust collection was despite a slowdown in industrial production and exports." "The rural markets witnessed a 5% decline in monthly purchases of essential items, inlcuding cooking oils, laundry products, biscuits and chocolates, besides personal hygiene products such as toilet soaps, said Rural Barometer Report." ET. Soaring prices resulted in "Revenue from Goods and Services Tax (GST) in September rose 26% year-on-year to Rs 1.48 lakh crore." HT. On the other hand, "Consumer-goods makers are reporting robust demand for items priced nearly $2,000 in a nation where per-capita income is just a tad above that level." ET. "Inflation is at a manageable level, finance minister Nirmala Sitharaman said." ET. Biscuits too expensive, no problem. Let them eat cake.