Influencer event starts riot - Russia-China Arctic patrol - US women's soccer loss

Source: Bloomberg

1. Summary
   The latest Department of Labor jobs report, covering July, was published last week. The report found employers added 187,000 jobs, a solid increase but marked slowdown from last year's average monthly growth of 400,000 jobs. The unemployment rate remains near a half-century low of 3.5%.
   
   The data indicates that the labor market, as well as the larger economy, are cooling in line with the Federal Reserve's goal of a "soft landing" -- in which higher interest rates curb inflation without causing a recession or deep job losses. The report builds on figures from June, which showed workers were quitting at a slower rate while job openings decreased, an indication that workers are less confident in their ability to find new positions.
   
   The tight pandemic labor market was accompanied by historically high pay increases, as workers had more bargaining power. Economists told CNBC that while conditions have "normalized substantially," workers in certain industries still retain leverage. Arts and entertainment jobs, for example, are still seeing high quit rates and low layoffs.

   Highly-rated - last 48 hrs
   Slower hiring this summer could take heat off the Fed.
   Wall Street Journal (Moderate Right) • Factual Grade 75% • 4 min read
   

1. Different political viewpoint
   Job market is undergoing an ‘immaculate cooling,’ says economist — but there are pockets of heat.
   CNBC (Moderate Left) • Factual Grade 75% • 2 min read

1. Selected long-read
   What happens after the US economy's soft landing?
   Harvard Business Review (Center) • Factual Grade 67% • 7 min read

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