A new jobs report exceeded expectations despite the U.S. economy facing inflation and record debt. U.S. payrolls rose by 172,000 last month, far above the Dow Jones’ 80,000 […]
Friday’s jobs numbers confirm what small businesses already know: The underlying economy is far stronger than the mainstream media and financial commentators suggest. Employers added 172,000 jobs last […]
Republican senators denounce Maine Democratic Senate candidate Graham Platner over Nazi tattoo and scandal allegations ahead of Tuesday's primary.
The job market has been recovering this year from a miserable 2025, so far shrugging off higher energy prices and increased economic uncertainty
Hiring in the US surged in May. 172,000 jobs were created topping all forecasts. The estimate was for 88,000. The unemployment rate held steady at 4.3%. Bloomberg's Michael McKee has more on this blowout report on Bloomberg Surveillance. (Source: Bloomberg)
President Trump on Friday pushed back on inflation concerns driven by a strong jobs report, arguing robust growth should be viewed as a positive for markets. “With a great Jobs Report, like just announced, stocks should go up, not down,” Trump wrote on Truth Social. “That’s the way it was for 200 years. Growth does…
Lawmakers fleeing the chaotic House of Representatives for the greener pastures of higher office are finding the doors are shut to them by unimpressed voters, according to a report.Nearly 30 House members have discovered that service in Congress has become a political liability rather than an asset.Politico reported that the exodus of House members seeking promotions has resulted in a cascade of primary defeats, leaving some lawmakers wishing they had simply remained in their current positions and relied on incumbency to keep them employed.The pattern has been unmistakable in recent weeks. Rep. Randy Feenstra (R) lost Iowa's GOP gubernatorial nomination despite a late Trump endorsement. Rep. Dusty Johnson (R) fell short in South Dakota's gubernatorial race. Rep. Chip Roy (R) lost a Texas attorney general runoff.House Democrats have fared no better. In Illinois, Reps. Robin Kelly and Raja Krishnamoorthi both lost to the state's lieutenant governor in the Senate primary. In Texas, high-profile Rep. Jasmine Crockett was defeated by a state representative in the Democratic Senate race.The reason, according to members themselves, is straightforward: voters blame Congress for being dysfunctional and see House members as part of the problem rather than the solution, according to Politico."There's definitely those out there who think, 'Well, it's broken, and they've been in it a long time, and obviously it's still broken,' so we kind of get the blame for it," said Rep. Buddy Carter, who failed to reach a runoff in Georgia's Republican Senate primary last month.The shift marks a dramatic reversal. Congressional service was once a stepping stone to higher office — half of last year's freshmen senators previously served in the House. Now, members fear their Capitol Hill tenure has become toxic.State-level officials and political outsiders are capitalizing on anti-Washington sentiment. "The voters all across the country aren't particularly fond of D.C., so are you perceived to be part of the establishment or someone that's been battling it?" asked Rep. David Schweikert, now running for Arizona's GOP gubernatorial nomination.According to the report, the pattern extends to specific races. GOP Rep. John Rose trails Sen. Marsha Blackburn in Tennessee gubernatorial polling, even as he downplays his congressional service in campaign ads, identifying himself as "a father, a farmer and a CEO" while omitting any mention of his House seat.The consequences ripple beyond individual campaigns. In South Carolina, Tuesday's GOP gubernatorial primary could end the political careers of Reps. Ralph Norman and Nancy Mace, with Lt. Gov. Pamela Evette positioned as the frontrunner after winning Trump's endorsement.According to Politico, the mounting primary losses create additional complications for House leadership already struggling to maintain attendance. Speaker Mike Johnson has canceled multiple voting days this year to accommodate members' primary schedules, with the risk of further no-shows likely to increase as more House members pursue long-shot bids for higher office.
U.S. employers added jobs for the third month in a row in May, while the unemployment rate held steady at 4.3%. But wage gains softened and likely failed to keep pace with rising prices.
