Good morning. It's Saturday, Oct. 7, and in this weekend edition, we're covering a better-than-expected jobs report, the world's most decorated gymnast of all time, and much more. First time reading? Sign up here.
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The US economy added 336,000 nonfarm jobs in September, nearly double the 170,000 jobs economists had predicted and surpassing the upwardly revised 227,000 jobs in August, according to government data released yesterday. The latest figure is the largest monthly increase since January.
Analysts say the report suggests the economy continues to be resilient, signaling the Federal Reserve is likely to continue to raise interest rates before the end of the year to tame inflation. While the Fed's aggressive rate hikes have made loans costlier, such as historically high 30-year mortgage rates, the higher-than-expected jobs growth has fueled consumer spending and sustained overall economic growth. It remains to be seen how student loan repayments resuming this month will weigh on consumer spending.
Most of the jobs in September were added in leisure and hospitality (96,000), government (73,000), and healthcare (41,000). Average hourly earnings in September were up 0.2% month-over-month and 4.2% year-over-year, slightly down from estimates of 0.3% and 4.3%. The unemployment rate held steady at 3.8% from the previous month. See all data here. |
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Jailed Iranian activist Narges Mohammadi wins Nobel Peace Prize.
Mohammadi, 51, was awarded the 2023 Nobel Peace Prize for her fight against the oppression of women in Iran. She is currently serving a multiyear prison sentence in Iran's capital of Tehran for various charges, including propaganda against the state. Mohammadi has been arrested by Iranian authorities 13 times and sentenced to a total of 31 years and 154 lashes, according to the Norwegian Nobel Committee.
Simone Biles wins 6th world all-around title, breaking her own record.
Biles, 26, is the first gymnast in history to win six individual all-around world titles after winning the gold medal at the Artistic Gymnastics World Championships in Antwerp, Belgium. Yesterday's win brings Biles' total world championship and Olympic medals to 34, making her the most decorated gymnast ever and surpassing the 33 overall medals won by retired Belarusian gymnast Vitaly Scherbo.
Trump endorses Rep. Jim Jordan in race for House speaker.
Former President Donald Trump endorsed Jordan (R, OH-4) yesterday to succeed Rep. Kevin McCarthy (R, CA-20), who was ousted from the House speaker role this week. Jordan, who is chairman of the House Judiciary Committee, faces Majority Leader Steve Scalise (R, LA-1) next week in the race to take the gavel. See our previous write-up here. Separately, McCarthy is reportedly considering resigning from the House before the end of his term.
Death toll from Himalayan lake burst in India rises to 42.
The Lhonak Lake in India's northeastern state of Sikkim burst through its embankment this week after heavy rainfall and an avalanche. Roughly 2,400 people have evacuated the area, while 7,600 people have been placed in relief camps. At least 142 people are still missing. The flooding damaged 15 bridges and dozens of roads, including the only highway connecting the state to the rest of the country.
Morocco to begin providing cash to families affected by last month's quake.
The government said it will give an initial payment of about $242 per month to families whose homes were destroyed. Nearly 3,000 people died after a 6.8-magnitude earthquake struck the North African country Sept. 8. An estimated $11.7B will be needed for reconstruction efforts over the next five years.
Powerball jackpot climbs to $1.4B after no winner for 11 weeks.
The jackpot is the third largest prize in the Powerball game's history and the fifth largest of all US lottery games. Winners can either receive the money as a one-time lump sum of $643.7M in cash or one immediate payment and 29 annual payments totaling $1.4B, excluding taxes. Tonight's drawing will be held at 10:59 pm ET. |
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Philadelphia rapper owns and operates day care serving families in need. (More)
California dad, who biked 16 miles to and from work, is gifted a free car. (More)
Woman helps reunite her mom with her biological family after her mom was placed for adoption 65 years ago. (More, w/video)
Oregon community rallies to paint a family's home after their contractors never came through. (More)
Young passerby on motorcycle saves man from burning home in Texas. (More)
Happiness calendar aims to help educators foster well-being and joyful learning in schools. (More) |
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Today, we're sharing a story from reader Susan in Elmhurst, Illinois.
"While visiting Japan, we asked for help in finding a store that sold Japanese flower arranging vases. Two women tried very hard to help us. There was a language barrier, but they used the internet to try to find a place where I could buy a Japanese flower vase. In the end, they were not able to help us. I talked with my friends, and then went back to them and asked for a restaurant recommendation. I told them that we were going to take the restaurant recommendation and thanked them very much for all the help. While at the restaurant, the two ladies from the department store found us, and gave us all the information I needed to find the pottery that I wanted for flower arranging. What incredible kindness they showed a foreigner to help find some thing I was looking for. It was very heartwarming."
What act(s) of kindness did you experience this week? Tell us here. |
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"We're not born creative or destructive. Each one of us has the ability to create or destroy, to leave the world better than we found it, or worse." |
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