Cost of employing young people up by three times the rate of inflation under Labour - causing jobs slump
Published . Updated .
Key takeaways
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Higher taxes and sharp increases in the minimum wage mean that taking on a worker aged 21 and over costs 20 per cent more. For 18-to-20 year-olds, the cost is up by 31 per cent.
Directly affected
- No company is named in this report.
Indirectly affected
- TIP iShares TIPS Bond ETF-0.1% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- XLP Consumer Staples Select Sector SPDR-2.8% 14d
Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- WMT Walmart+12.9% 30d
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- COST Costco Wholesale+12.7% 30d
Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- PG The Procter & Gamble+9.2% 30d
The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- KO The Coca-Cola+7.6% 30d
The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TIP | +0.16% | +0.57% | base | after close | after close | after close | after close |
| XLP | -2.35% | +0.52% | base | after close | after close | after close | after close |
| WMT | -4.79% | -1.04% | base | after close | after close | after close | after close |
| COST | -3.61% | -0.67% | base | after close | after close | after close | after close |
| PG | -2.31% | -0.30% | base | after close | after close | after close | after close |
| KO | -3.14% | -0.70% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Cost of employing young people up by three times the rate of inflation under Labour - causing jobs slump This is Money
Source: This is Money
How far Ishares Tr (TIP) has moved since 4 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Costco Wholesale (COST) | three days earlier | -0.67% | final price |
| Costco Wholesale (COST) | five days earlier | -3.61% | final price |
| Coca Cola (KO) | three days earlier | -0.70% | final price |
| Coca Cola (KO) | five days earlier | -3.14% | final price |
| Procter & Gamble (PG) | three days earlier | -0.30% | final price |
| Procter & Gamble (PG) | five days earlier | -2.31% | final price |
| Ishares Tr (TIP) | three days earlier | +0.57% | final price |
| Ishares Tr (TIP) | five days earlier | +0.16% | final price |
| Walmart (WMT) | three days earlier | -1.04% | final price |
| Walmart (WMT) | five days earlier | -4.79% | final price |
| Select Sector Spdr Tr (XLP) | three days earlier | +0.52% | final price |
| Select Sector Spdr Tr (XLP) | five days earlier | -2.35% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 37 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 22 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 33 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. David J. Taylor sold Procter & Gamble (PG), worth $1,001 - $15,000 on 12 Oct 2026. That is 23 days before publication. Filed 15 Oct 2026. View the filing.
- Rep. Pete Sessions sold Procter & Gamble (PG), worth $1,001 - $15,000 on 8 Oct 2026. That is 27 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Procter & Gamble (PG) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 40 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern bought Coca Cola (KO) (jointly held), worth $1,001 - $15,000 on 31 Aug 2026. That is 65 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (TIP)
Companies tied to this story
- TIP Ishares Tr
For “Cost of employing young people up by three times the rate of inflation under Labour - causing jobs slump,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- XLP Select Sector Spdr Tr
For “Cost of employing young people up by three times the rate of inflation under Labour - causing jobs slump,” Select Sector Spdr Tr (XLP) is linked, with no stored direction, medium confidence. Reason on file: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- WMT Walmart
In “Cost of employing young people up by three times the rate of inflation under Labour - causing jobs slump,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- COST Costco Wholesale
For “Cost of employing young people up by three times the rate of inflation under Labour - causing jobs slump,” Costco Wholesale (COST) is linked, with no stored direction, medium confidence. Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- PG Procter & Gamble
In “Cost of employing young people up by three times the rate of inflation under Labour - causing jobs slump,” Procter & Gamble (PG) is linked, with no stored direction, medium confidence. Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- KO Coca Cola
Coca Cola (KO) is linked, with no stored direction, medium confidence in the 4 Nov 2026 story “Cost of employing young people up by three times the rate of inflation under Labour - causing jobs slump.” Reason on file: The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
Ishares Tr (TIP)
“Cost of employing young people up by three times the rate of inflation under Labour - causing jobs slump” (4 Nov 2026) reaches Ishares Tr (TIP) through this story.
For Ishares Tr (TIP), the reason on file says iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
Select Sector Spdr Tr (XLP) is here too. Its reason reads: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
Price levels for Ishares Tr (TIP)
TIP traded between 103.77 and 105.67 across 20 sessions. The latest close on file is 105.27. WMT traded between 107.44 and 127.91 across 20 sessions. The latest close on file is 124.81. XLP traded between 80.10 and 83.07 across 11 sessions. The latest close on file is 81.02.
How strong the case is around Ishares Tr (TIP)
46 out of 100
“Cost of employing young people up by three times the rate of inflation under Labour - causing jobs slump” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.