As America celebrates 250 years of freedom, the question is whether we can win the global race against China in artificial intelligence, the newest technology. The country that generates the most reliable electricity fastest will train the most powerful models and set technological terms for the rest of the century. China is building dozens of […]
The red card handed to U.S. men’s national team striker Folarin Balogun will be remembered as a central turning point for the Americans in the 2026 FIFA World Cup. The public outcry has been palpable as fans have relayed their dissatisfaction with the red card, especially given the repercussions of call. Balogun won’t play in...
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.
MAGA loyalists were melting down Thursday after President Donald Trump's Social Security Administration announced a new design for babies born this year.The limited edition "Freedom 250" logo-themed cards will be issued for babies born between now and the end of the year, The Washington Post reported."Freedom 250 is the public-private initiative the Trump administration launched last year to organize events — often aligned with the administration — for the nation’s semiquincentennial. It is different from America250, a nonprofit established by Congress in 2016 to organize such celebrations," according to The Post.But MAGA fans, still apparently upset over the Supreme Court's ruling this week to uphold birthright citizenship, were outraged online. Some right-wing commentators claimed the cards would be used for "anchor babies" and shared their anger over the high court's decision. "Notice how they don’t say American Children? Oh yea that’s because 5 people destroyed what it meant to be an American the week of our independence. Being an American is nothing sacred anymore the Supreme Court just cemented that," user Cori, who frequently shares MAGA-aligned content, wrote on X."Doesn’t feel the same knowing they’ll also be going to anchor babies," user Alexandra, whose profile states "all I want for Christmas is mass deportations," wrote on X."It boils my blood that some baby tourist is going to have one of these while they live in China or somes---," Renlos Malik, a user who frequently shares MAGA-related material, wrote on X."Anchor babies too... or nah?" Tim Young, Heritage Foundation media fellow with more than 1.1 million followers, wrote on X."I wonder, how many illegal birth tourism anchor babies will enjoy this very special honor?!!!!" Luce Wood, author and self-described "proud conservative" with more than 18,000 followers, wrote on X.
The previously agreed upon officer increase for the New York Police Department has been scrapped by Mayor Zohran Mamdani (D) in the city’s final budget proposal amid pressure from his socialist base.The $125.8 billion budget was originally slated to include $70 million to fund the addition of 580 NYPD officers, as outlined in Mamdani's executive budget proposal released in May.'We are calling on Mayor Mamdani to reverse this proposed expansion of the NYPD.'Mamdani has pivoted in the weeks since. “I've been talking to all agency heads about ways to find savings, and [Police Commissioner Jessica Tisch] and I were able to identify ways to keep the NYPD head count at the originally authorized 35,000 while also meeting all of our crime-fighting needs and implementing the new programs that were announced earlier this year," Mamdani said during a press conference Tuesday.The night before the final budget vote, City Council Speaker Julie Menin (D) said she received a call from the mayor informing her of his agreement with Tisch to cut the officer increase from the budget. “I disagree with that decision. ... I do believe we need those officers,” Menin said, citing concerns over increasing rape, felony assault, and subway crime numbers.“We are going to fight for it now,” she added.Menin did note that the NYPD budget increased by $300 million for the fiscal year.The NYC Democratic Socialists of America, of which Mamdani is a member and with whom he holds close political ties, has been avidly calling on the mayor to follow through on his campaign promise to keep the NYPD head count flat.“We are calling on Mayor Mamdani to reverse this proposed expansion of the NYPD and invest the money in community safety programs instead," NYC-DSA said on June 12.The proposed head count increase "runs counter to the values of the socialist and working-class movement that elected him,” the group continued, adding, “When police serve as default first responders, New Yorkers are placed in harm’s way.”RELATED: Mamdani vows to protect migrants in apparent DEFIANCE of Supreme Court ruling on TPS NYPD graduates salute family and friends at their Recruit Graduation Ceremony at Madison Square Garden on March 9, 2026. Michael M. Santiago/Getty ImagesIn a statement to Fox News Digital, the NYPD said, “It is no secret that the city is facing serious financial challenges, and the mayor has asked every agency head to find efficiencies. ... For now, the department is able to police effectively with the budgeted head count we have, driving crime down month after month. That head count and our hiring plan gives us the flexibility we need to maintain that balance over the next fiscal year."NYPD funding had been at the forefront throughout last year’s mayoral election as Mamdani’s controversial X posts regarding police funding resurfaced, including one where he called the force “wicked” and “corrupt” and advocated for its defunding and dismantling. In another post, he said, “We don't need an investigation to know that the NYPD is racist, anti-queer & a major threat to public safety. ... What we need is to #DefundTheNYPD."Council member Tiffany Cabán, a democratic socialist and chair of the council’s Progressive Caucus, backed the mayor’s decision.“I am proud to have worked closely with the mayor and public safety advocates to ensure there was no increase to the NYPD’s headcount in this budget. Every dollar we spend on policing and incarceration means money we can’t spend on housing, mental health care, substance use treatment, and economic stability.”The Fiscal Year 2027 budget was officially adopted by the City Council on Tuesday and signed into law the following day by Mamdani, making it the largest budget in city history.Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!
