Nonfarm payrolls increased by 206,000 for the month, better than the 200,000 Dow Jones forecast though less than the downwardly revised gain of 218,000 in May. The unemployment rate unexpectedly climbed to 4.1%, tied for the highest level since October 2021. Average hourly earnings increased 0.3% for the month and...

U.S. economy added 206,000 jobs in June, unemployment rate rises to 4.1%

Employers in the U.S. added 206,000 jobs in June, down from the previous month and only slightly higher than the 200,000 economists had expected. The unemployment rate surprisingly moved up to 4.1% from 4.0% in May. April job numbers were lowered by 57,000, while the May figure was adjusted downward...

US Job Growth Slowed in June as Unemployment Rate Rose to 4.1%

Fox Business

U.S. employers continued to hire workers at a solid pace according to the June jobs report even as readings from April and May were revised lower, a sign that could please the Federal Reserve.

U.S. economy adds 206,000 jobs; April, May revised down

Treasury yields dropped on Friday as the latest U.S. jobs report showed an unexpected rise in the unemployment rate. Yields and prices move in opposite directions. One basis point is equivalent to 0.01%. Treasurys. The unemployment rate unexpectedly climbed to 4.1%, the highest level since October 2021. Economists expected the...

10-year Treasury yield falls after unemployment rate rises unexpectedly

Business Times

Southwest Airlines has adopted a shareholder rights plan, commonly known as a "poison pill," in response to activist hedge fund Elliott Management's investment and its push to remove CEO Bob Jordan and Chairman Gary Kelly. The move underscores Southwest's determination to fend off the aggressive maneuvers of one of the world's most successful activist investors.

Southwest Airlines Adopts Poison Pill to Thwart Elliott Management's Activist Push

Markets Insider

Trump's vows to carry out a major deportation campaign is a stagflationary threat, Adam Posen told Bloomberg TV. The think tank expert says this would lead to a manufacturing-centered recession. Adding to inflation risk are also Trump's trade proposals, as he pledges to lift tariffs. Donald Trump's vow to initiate...

Trump's pledge to deport the most US workers in history could trigger recession and an inflation spike, economist says

Illinois State

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Chicago, IL

Chicago Happenings

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

Florida State

Florida prosecutors were aware of Jeffrey Epstein's sexual assaults on teenage girls two years before they negotiated a controversial plea deal, according to newly released grand jury transcripts from 2006. The documents reveal graphic testimony about Epstein's abuse, highlighting significant prosecutorial failures that allowed the financier to escape severe federal charges.

Florida Prosecutors Knew About Jeffrey Epstein’s Crimes Two Years Before Plea Deal, Grand Jury Transcripts Reveal

King Charles is reportedly contemplating a visit to his son, Prince Harry, in the United States. The potential visit, aimed at fostering a closer relationship with his grandchildren, Prince Archie and Princess Lilibet, has stirred mixed reactions within the family. According to royal expert Tom Quinn, this move comes amidst ongoing familial tensions and concerns about the King's health.

King Charles Considers Visit to Prince Harry, Sparking Family Outrage - Reports

New Jersey State

Elizabeth, NJ

Every weekday morning, Brandon Tagoe, a radio producer, boards a train from Elizabeth, New Jersey, to Manhattan's Penn Station, aiming to arrive at his "dream job" by 5:15 a.m. However, New Jersey Transit's (NJT) recent spate of delays has made him chronically late, jeopardizing his professional standing. "I had to be spoken to," Tagoe lamented at Penn Station last week. "I had a meeting with my boss about the importance of being on time, and I've been threatened with repercussions if it continues."

Frustration Mounts for NJ Transit Riders as 15% Fare Hike Takes Effect

Bristol, VA

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John M. Dabbs

Bristol, Va. – The Hard Rock Hotel & Casino Bristol has announced a revised timeline for the grand opening of its permanent casino resort. Initially set to begin a phased opening in July, the new target for a fully operational grand opening is now slated for late fall 2024. This change aligns with recent legislation granting casino operators six months to finalize temporary facility projects.

Hard Rock Hotel & Casino Bristol Delays Grand Opening to Late Fall 2024

Newark, NJ

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Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

As Ukrainian air defenses repelled a pre-dawn Russian attack on the small western city of Starokostiantyniv, explosions illuminated the sky, underscoring the escalating challenges Kyiv faces.

Russian Strikes Target Ukrainian Air Bases Amid Anticipation of F-16 Deliveries

California State

The HD Post

CALIFORNIA – The Department of Labor (DOL) published, June 13, an unemployment insurance weekly claims advance report showing 90,000 California workers lost their job in the last two weeks.

Department of Labor reports over 90,000 California workers lost their job in the last two weeks

As the summer progresses, recent data from the Centers for Disease Control and Prevention (CDC) has shown an uptick in COVID-19 emergency room visits and deaths across the United States. This trend, observed in the latest surveillance data, has reignited concerns about the ongoing impact of the virus, especially as it continues to mutate and spread.

COVID-19 Emergency Room Visits and Deaths on the Rise: What It Means for the U.S.

New York City, NY

The e-Texan

New York – As Trump anticipates his sentencing on July 11th in the New York hush money case, Florida Judge Aileen Cannon made a ruling this Monday. Despite rejecting Trump’s legal team's request to dismiss several charges in the classified documents case, she conceded on a minor point. She removed a portion of the charges that referenced an uncharged allegation, but upheld the other charges.

Legal expert says Trump should not be jailed after New York guilty verdict because he is ‘too old’

Reuters

(Reuters) -Federal Reserve policymakers got more evidence of labor-market cooling on Friday that could boost their confidence they are winning their fight on inflation, and open the path to a more active debate on interest-rate cuts when they next meet in late July. The Labor Department's monthly report showed the unemployment rate rose in June to 4.1%, and big revisions to prior-month estimates of job creation meant the average monthly payroll gain over the most recent three months downshifted to 177,000.

Fed rate cut debate in view as U.S. job market cools

Virginia State

Cheryl E Preston

Virginia fans of The Bold and the Beautiful are pretty much unified in their expectations of what will happen between Thomas Forrester (Matthew Atkinson) and Paris Buckingham (Diamond White), who recently announced their engagement.

The Bold and the Beautiful fans believe Thomas will dump Paris for Hope

As Japan accelerates its "Nippon Individual Savings Account" (NISA) reform, domestic companies are aligning with regulatory demands to abandon their long-standing strategy of cross-shareholding. According to JPMorgan, selling off these cross-held shares could free up capital for stock buybacks, further enhancing shareholder value.

Japanese Insurers to Sell Honda Shares: Mid-Term Strategic Opportunity for Japanese Stocks?

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

NewsBreak

U.S. Economy Adds Jobs in June Amid Rising Unemployment Rate: Federal Reserve's Next Move Under Scrutiny

In a mixed signal for the U.S. economy, the Labor Department reported Friday that nonfarm...

U.S. Economy Adds Jobs in June Amid Rising Unemployment Rate: Federal Reserve's Next Move Under Scrutiny

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