Manson follower paroled - Religious movie beats blockbusters - Cluster bomb aid debate

Source: Bloomberg

1. Summary
   209,000 jobs were added to the US economy in June, the smallest monthly gain in 2.5 years, according to the Bureau of Labor Statistics. Despite the cooling jobs gains, the unemployment rate dropped from 3.7% to 3.6%, close to a fifty-year low.
   
   The figures imply that the Federal Reserve has not slowed the economy as much as it intended, as part of its fight against inflation. The June figures make it very likely that the Fed will resume raising interest rates, following a brief pause. Much of the job gains were in the public sector, which tends to be insulated from larger economic conditions, so the central bank may not view the economy as overheating.
   
   Some expect an economic slowdown later this year, as student loan payments resume and higher interest rates take effect. Labor shortages are easing: the labor force participation rate (the proportion of people working or seeking work) remains below pre-pandemic levels overall, but the participation rate for those aged 25 to 54 is at its highest since 2002.

   Highly-rated - last 48 hrs
   Cooler hiring in June could help the Fed achieve an elusive ‘soft landing’ for US economy.
   Associated Press (Moderate Left) • Factual Grade 75% • 4 min read
   

1. Different political viewpoint
   Wage gains, low unemployment keep pressure on Fed; hiring cooled in June.
   Wall Street Journal (Moderate Right) • Factual Grade 74% • 4 min read

1. Selected long-read
   The recession keeps getting postponed. It may never come.
   Investopedia (Center) • Factual Grade 65% • 6 min read

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