Experts react to gloomy June jobs report

How Google and AI Nearly Made a Seasoned Reporter Spiral

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US Attorney Jeanine Pirro Takes ZERO BS from Fake News Reporter Trying to Excuse Vandalism at Lincoln Memorial Reflecting Pool

U.S. The post US Attorney Jeanine Pirro Takes ZERO BS from Fake News Reporter Trying to Excuse Vandalism at Lincoln Memorial Reflecting Pool appeared first on The Gateway Pundit.

Trump hijacked US’s 250 anniversary to serve ‘political ideology and pet projects’, congressional report says

House Democratic subcommittee report outlines web of alleged corruption, wire fraud and pay-to-play schemesDonald Trump staged a hostile takeover of the US’s 250th anniversary celebration to enrich political allies, harvest voter data and promote Christian nationalist ideology, according to a congressional investigation released on Thursday.The interim report, “From Vanity to Insanity: How the White House Cheated the American People Out of Their 250th Birthday”, outlines a web of alleged corruption, wire fraud and pay-to-play schemes orchestrated through a shadow corporation embedded within the National Park Foundation (NPF). Continue reading...

The Sunshine State Psychosis Report: The Latest Dispatches From the Florida Man Frontlines

‘Libelous’ NYT report tying Trump family to government-backed deal sparks legal demand

The Trump Organization demands The New York Times retract a story allegedly linking Donald Trump Jr. and Eric Trump to a Kazakhstan tungsten deal.

Jobs report gives labor market a yellow card

The job market entered the summer with less momentum than looked to be the case just a month ago.Why it matters: Call it a yellow card for the labor market. Thursday morning's employment report doesn't undo three months of stronger hiring, but it does warn that the rebound is less durable than first thought.Hiring has remained concentrated in a handful of industries, leaving fewer opportunities for Americans looking to switch jobs or reenter the workforce.What they're saying: "June's jobs report put a damper on the fireworks, coming in well below expectations and pointing to a labor market that's more fizzle than sparkle," Glassdoor chief economist Daniel Zhao wrote Thursday morning.Driving the news: Payrolls rose by 57,000 in June, roughly half the gains that economists expected. New revisions also show that hiring was weaker than expected over the previous two months, with payroll employment revised down by a combined 74,000 jobs.Payroll gains averaged 111,000 over the past three months, down from 164,000 in May. That's well above the 33,000 pace a year ago, but suggests that the labor market's spring rebound has faded.Zoom in: Fewer Americans were working in June, and fewer were looking for work — a combination that mechanically pushed the unemployment rate down a tick to 4.2%. Household employment fell by 507,000, while roughly 720,000 people left the labor force in June, driving the participation rate down 0.3 percentage point, to 61.5%.Fewer prime-age workers, those between 25 and 54, were working or looking for a job in June: The participation rate slid 0.6 percentage point, the biggest one-month decline outside the pandemic in at least a decade.The big picture: Slower hiring, downward revisions, weaker labor force participation and a narrower mix of industries creating jobs leave economic policymakers with a more difficult question than they faced a month ago.It's unclear whether the uneasy mix of labor market factors in June was a blip or the start of a slower labor market phase.One notable exception to the report's softer tone was wages. Average hourly earnings rose 0.3% in June — the second consecutive month of acceleration — and 3.5% from a year earlier, though slower hiring in lower-paying industries may have lifted the average.What to watch: Federal Reserve chairman Kevin Warsh said last month that the labor market's three-to-six-month trend mattered more than any single jobs report, while noting that the job market had been "moving in a good direction."Financial markets' outlook for the Fed barely budged after the report. One weaker report is not enough to push off expectations that the central bank might have to raise interest rates to contain too-high inflation.Traders now see a roughly 78% chance of at least one rate hike by year-end, down only modestly from about 83% before the jobs report, according to CME FedWatch.

US employers added just 57,000 new jobs in June, lower than expected

The country’s unemployment rate dropped slightly to 4.2% as US job growth also slowed for the monthSign up for the Breaking News US newsletter emailUS job growth slowed in June as employers added 57,000 new jobs – just about half of what economists had predicted – and the Bureau of Labor Statistics revised its figures from the past two months down by a total of 74,000.The country’s unemployment rate dropped slightly to 4.2%, but the number of unemployed people changed little, according to the latest data, as 720,000 people left the labor force. The bureau revised the unexpectedly high May figures from 172,000 new jobs to 129,000, and revised the April figures from 179,000 to 148,000. Continue reading...

Freedom 250 dancer nearly struck by plunging panel as event stage 'falls apart': report

A stage panel plunged toward dancers rehearsing for President Donald Trump's Freedom 250 July 4th celebration on the National Mall, narrowly missing them.Video of the incident, posted to X at 3:18 PM Thursday by independent journalist Aaron Parnas, showed the panel falling from the arched stage structure as dozens of dancers performed below."The stage is falling apart at the rehearsal for Freedom 250's July 4th celebration," Parnas wrote."This is incredibly dangerous stuff," journalist Ryan Grim wrote on X."Trump cutting safety corners with stage building is the kind of thing somebody can genuinely be prosecuted for if someone dies," Grim added. Under criminal law, causing a death through reckless safety failures can result in prosecution even without intent to harm."This equipment is deadly when falling from those heights," he wrote.Since Freedom 250's Great American State Fair opened on the National Mall on June 25th, the event has been plagued by power outages that melted ice cream, a 110-foot Ferris wheel that repeatedly broke down, and plywood booth facades painted to look like marble columns, Forbes reported. Freedom 250 is a public-private partnership created by Trump to organize the nation's semiquincentennial celebrations, operating separately from America250, the nonpartisan organization Congress created for that purpose."MAJOR BREAKING: Trump's Freedom 250 stage collapses in the midst of a rehearsal for the July 4 performance," political commentator Brian Krassenstein wrote on X."People literally could have died," he added.Trump is scheduled to deliver a speech at the National Mall celebration at 9:45 PM on July 4th, two days away, according to WTOP.