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CNN —Glaciers in East Antarctica could lose ice faster in the future than previously thought, scientists reported Friday, in an alarming feedback loop where glacier meltwater is triggering even more ice loss and sea level rise as the planet warms. Together, these and other recent studies paint a dire picture of a melting southern continent that poses extreme risk of life-altering sea level rise around the world. Friday’s study factored that feedback into simulations to see how much it could accelerate Antarctic melting and sea level rise. Measuring this phenomenon and accounting for it in climate models is necessary “to get a realistic picture of global sea level rise,” Greenbaum said. “Given this evidence, subglacial melt and discharge is a process that can no longer be ignored in future projections of Antarctica’s contribution to sea level rise,” De Rydt told CNN.
Persons: CNN —, it’s, , Jamin Greenbaum, Denman, Scott, Greenbaum, ” Greenbaum, Tyler Pelle, ” Pelle, Pelle, we’re, ” Jan De Rydt, ” De Rydt, Organizations: CNN, University of California San Diego’s Scripps, of Oceanography, Scripps, Northumbria University Locations: East Antarctica, Antarctica
For more than two years, persistent and pervasive inflation has taken big bites out of Americans’ paychecks. Annual real weekly wages were up 0.6% last month, a rate that’s a tick below the 0.7% gain seen in February 2020. June also marked the second consecutive month of year-over-year real hourly wage growth — the first back-to-back months of gains since early 2021. Fears of a dreaded “wage-price spiral” — when rising wages and prices feed into each other — have made a bogeyman out of wage growth. And finally, supply-side inflation has drastically cooled to the point where annual inflation is practically flat — which, ideally, gives firms more wiggle room to pay workers, she said.
Persons: hasn’t, , That’s, , William Ferguson, Gertrude B, Austin, it’s, Alex Pelle, , Sung Won Sohn, Ben Bernanke, ” Pelle, Julia Pollak, they’ve Organizations: Minneapolis CNN, Bureau of Labor Statistics, Grinnell College, stoke, Mizuho Securities, Loyola Marymount University, SS, San Francisco Fed, BLS Locations: Minneapolis, Iowa
The PPI index, a key inflation gauge that tracks the average change in prices that businesses pay to suppliers, has cooled significantly since peaking at 11.2% in June 2022 and has now declined for 12 consecutive months. Annual producer price inflation is at its lowest level since August 2020, BLS data shows. “It’s definitely a good month for inflation,” Pelle told CNN. Starting in March 2022, the central bank rolled out 10 consecutive interest rate hikes to tame inflation, finally hitting pause last month. Doves tend to favor looser monetary policy and issues like low unemployment over low inflation, while hawks favor robust rate hikes and keeping inflation low above all else.
Persons: Price, Watchara, , Alex Pelle, It’s, ” Pelle, , That’s, Pelle, Organizations: Minneapolis CNN —, Bureau of Labor Statistics, La, MediaNews, The Press, Enterprise, Getty, BLS, PPI, Mizuho Securities, CNN, , CPI, Federal Reserve Locations: Minneapolis, La Reina, San Bernardino , California
What to expect from Friday’s jobs report
  + stars: | 2022-10-06 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +5 min
The US economy is forecast to have added 250,000 jobs in September, which would be the lowest monthly jobs gain since December 2020. August jobs data already indicated that the historically tight labor market has loosened by a notch. The jobs report for that month found that America added 315,000 positions, a much lower level than the 512,000 average job gains over the past 12 months. The unemployment rate will likely have to rise despite these downward demographic pressures, and that likely would have to come from people losing their jobs. It’s not going to be a painless slow grind.”The September jobs report is among the key economic data that Fed policymaking officials will review when they meet in early November to discuss how to stifle stubbornly high inflation.
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