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Opinion | The Jobs Apocalypse Will Have to Wait

28 days agoCenter

A third good labor report in a row, but real wages aren’t growing.

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9 hours ago

Some Thoughts on the Court's Opinion(s) in the Birthright Citizenship Case

Did any of the other Justices happen to notice Justice Kavanaugh's argument that the entire matter could have been disposed of on statutory grounds?

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Trump's latest job report raises red flags for CNN analyst

Raw Story

21 hours ago

Trump's latest job report raises red flags for CNN analyst

The Department of Labor's latest economic report revealed concerning trends despite a declining unemployment rate of 4.2%. Job creation fell sharply to just 57,000 over three months, down from 129,000 in the previous report, according to the survey released Thursday morning. CNN senior business reporter David Goldman highlighted red flags in specific sectors: nursing jobs added only 22,000 over the past year, compared to 38,000 the previous year, while hospitality hiring experienced significant decline despite multiple cities hosting World Cup games. "That is something that we need to watch," Goldman said.He noted economists expect future revisions to clarify the numbers. "I think, and there are a number of economists who are smarter than me who think, that this might change as we get those revisions in the future months, because this is kind of defying logic and defining what we can see with our own eyes," Goldman said.Watch the video below. Your browser does not support the video tag.

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Opinion | The Supreme Court’s Constitutional Restoration

WSJ.com : U.S. News

Yesterday

Opinion | The Supreme Court’s Constitutional Restoration

The Justices are doing a job worthy of America’s 250th.

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Opinion | A (Mostly) Happy 250th American Birthday

WSJ.com : U.S. News

Yesterday

Opinion | A (Mostly) Happy 250th American Birthday

The Declaration’s gift of freedom and equality is our duty to preserve.

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US Jobs Data Comes in Under Forecast | Bloomberg Businessweek Daily 7/2/2026

Bloomberg Politics

Yesterday

US Jobs Data Comes in Under Forecast | Bloomberg Businessweek Daily 7/2/2026

Today, Marta Norton, chief investment strategist at Empower, discusses the underwhelming June jobs report and that means for the Fed's next move. Then, Stuart Paul, Bloomberg Economics US and Canada economist, talks oil prices and what a permanent toll on the Strait of Hormuz would mean for oil prices. Plus, Robin Wenzel, head of the Wells Fargo Agri-Food Institute, breaks down the cost of fourth of July barbeque and where americans are feeling pinched at the grocery store. Finally, 'Bloomberg Business of Sports' co-hosts Vanessa Perdomo-Maglione and Randall Williams, discuss the United States' World Cup win over Bosnia-Herzegovina in the round of 32 and how a controversial red card may cost the US its leading scorer in the next game. (Source: Bloomberg)

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Opinion | Todd Blanche Affirms the President’s Conduct

WSJ.com : U.S. News

Yesterday

Opinion | Todd Blanche Affirms the President’s Conduct

He shouldn’t be confirmed for the position of attorney general.

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No World Cup jobs bump evident in June data

Axios

Yesterday

No World Cup jobs bump evident in June data

With the U.S. hosting the World Cup, there have been plenty of anecdotes about a booming tourism economy in host cities — Scotland fans drinking Boston bars out of beer, for example.But no World Cup hiring bump is evident in the June employment data.By the numbers: Leisure and hospitality employment fell by 61,000 jobs in June. That's the category that includes restaurant and hotel employment and is most sensitive to tourism trends.The report also sharply revised down what had been first reported as a huge surge in May employment in the sector — to 40,000 jobs added from 70,000.Of note: The month-to-month numbers are volatile, reflecting both sampling error and the vagaries of seasonal adjustment processes. But even over slightly longer time frames, there also is not much to see.The leisure and hospitality sector has shed an average of 9,000 jobs in the last three months. It gained an average of 13,000 jobs monthly in the 12 months before that.The intrigue: It's worth watching whether a World Cup bump shows up in the local economies in other ways, including retail sales and local tax receipts.Employment data for metro areas in June will be released later in the month.The bottom line: "Many had forecast additional hiring needed to support the draw of travelers from abroad and within the U.S. flocking to World Cup venues," Jim Baird of Plante Moran Financial Advisors wrote in a note. "That either didn't materialize or was more than offset by losses elsewhere."

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

US news | The Guardian

Yesterday

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...

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Opinion | The Jobs Apocalypse Will Have to Wait

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Opinion | The Jobs Apocalypse Will Have to Wait

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