The US has the lowest unemployment in five decades. It was lower than it has been in the past. The labor market was so tight in June that almost 400,000 jobs were added. Beneath the surface of the June employment report is a picture of how hot it really is. The private sector has now recovered all of the jobs lost during the Pandemic, and added jobs on top of that. Economists had foreseen a more moderate increase, which in turn led some on Wall Street to predict less reason for the Fed to move as quickly with plans to hike interest rates. With Friday's data and a potentially grim report on consumer prices next week, the central bank is no longer considered likely to raise rates. The job market is strong.
The coronaviruses epidemic and the progress of global vaccine efforts are tracked by the news agency.
The pain of high inflation was acknowledged by Biden while he claimed credit for America's shiny employment picture. US gasoline prices have fallen 25 days in a row. The average price at the pump fell for the first time in more than a year. Since April 2020 prices have fallen more than three weeks in a row.
Payment systems and automated teller machines went down in Canada because of a widespread network failure.
The travel sector's summer is turning into a nightmare after two of Europe's biggest airlines canceled more flights.
The man who was Japan's longest-serving premier died after being shot at a campaign event. The alleged shooter is being investigated.
The account of China Central Television was filled with comments rejoicing in the attack that killed Abe. It would be fitting if Abe apologized for Japan's invasion of China before World War II. A post saying "Let the celebrations begin!" got more than 150,000 likes in 30 minutes after Abe's death.
Biden cited the horror unleashed by the Republican-appointee dominated US Supreme Court as he signed an executive order to preserve access to the procedure. He said at the White House that 13 states already have bans in place. According to a newspaper report, a rape victim was forced to travel to Indiana for an abortion. Biden imagined being a little girl.
The Covid-19 alert system was ended by the New York City government. The city's new mayor, Eric Adams, has slashed precautions against the virus, declined to enforce existing Pandemic Rules and withdrew mask requirements.
The southern rim of the largest saltwater lake in the Western Hemisphere is barely visible from the outside. Over time, I've seen it disappear. Utah is losing its Great Salt Lake as a result of the climate crisis.
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