Police and protesters clash in the Hung Hom district of Hong Kong on Monday. (Photo: Ye Aung Thu/AFP via Getty Images)

The unemployment rate ticked up to 3.1% in Hong Kong last month from 2.9%, according to new data released by the government on Monday.

Why it matters: The standoff between pro-democracy protestors and police isn't letting up — capping a stretch of the bloodiest clashes between police and protesters since the protests began in June. Monday's data adds to a spate of worsening economic indicators in Hong Kong, which is in the midst of its first recession in 10 years.

The big picture:

  • Hong Kong's jobless rate in the consumption and tourism sectors jumped to the highest level in two years.
  • “Retailers, restaurants and hotels are cutting wages and hours or letting staff go just to survive,” Bloomberg reports.

The bottom line: "The violence and prospect of a harsher crackdown has battered Hong Kong's economy," the FT notes — adding to pain the economy was already feeling from the global economic slowdown and the U.S.-China trade war.

Go deeper:

Go deeper

29 mins ago - World

U.S. threatens to veto UN peacekeeping in Lebanon over Hezbollah concerns

Peacekeepers with Lebanese troops in southern Lebanon. Photo: Jalaa Marey/AFP via Getty

The Trump administration is threatening to veto a resolution to extend the UN's long-standing peacekeeping mission in southern Lebanon if its mandate isn't changed, Israeli and U.S. officials tell me.

Why it matters: The U.S. is the main funder of the UN Interim Force in Lebanon (UNIFIL), which has an annual budget of $250 million. The veto threat is a tactical move, and part of a broader effort to put pressure on Iran and its proxy in Lebanon, Hezbollah.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 10:30 a.m. ET: 20,388,408 — Total deaths: 743,599— Total recoveries: 12,616,973Map.
  2. U.S.: Total confirmed cases as of 10:30 a.m. ET: 5,150,590 — Total deaths: 164,681 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. Business: U.S. already feeling effects of ending unemployment benefits — U.S. producer prices rose last month by the most since October 2018.
  4. Public health: America is flying blind on its coronavirus response.

Trump congratulates QAnon conspiracy theorist on GOP runoff win

Photo: Brendan Smialowski/AFP via Getty Images

President Trump on Wednesday tweeted congratulations to Marjorie Taylor Greene, a vocal QAnon conspiracy theorist who won the Republican nomination in Georgia's deep-red 14th Congressional District runoff.

Why it matters: The president's approval illustrates how the once-fringe conspiracy theory has gained ground within the GOP. Greene is among the at least 11 GOP candidates for Congress who have openly supported or defended the QAnon movement or some of its tenets, per Axios' Jacob Knutson.