Good morning. It's Saturday, June 3, and in this weekend edition, we're covering a mixed jobs report, a fatal train collision in eastern India, and much more. First time reading? Sign up here.
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The US economy added 339,000 jobs in May, exceeding economist estimates of 190,000 and surpassing the upward revised 294,000 jobs in April, according to government data released yesterday.
The unemployment rate rose to 3.7%, up from 3.4% in April and higher than expectations of 3.5%. The unemployment rate is at the highest level since October 2022 but still near historic lows (see chart). The unemployment rate increase is due to a number of factors, including a decline in self-employment, the end of temporary jobs, and layoffs.
Most of the jobs were added in professional and business services (64,000), government (56,000), healthcare (52,000), and leisure and hospitality (48,000). Average hourly earnings—a key inflation indicator—grew 0.3% month-over-month and 4.3% year-over-year, both down from April's 0.5% monthly growth and 4.4% annual growth. See all data here.
The report comes ahead of the Federal Reserve's two-day meeting June 13-14. The Fed previously signaled a pause in the rate hikes is likely. The benchmark rate is currently in a range between 5% and 5.25%, a 16-year high. |
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More than 280 dead, hundreds injured in train collision in India.
Two trains derailed and collided Friday in India's eastern Odisha state. At least 900 people were injured, while hundreds of others were feared trapped inside the damaged coaches. Police are investigating the cause of the derailment. Officials say the death toll is expected to rise.
Japan's birth rate hits record low; fertility rate falls for seventh straight year.
The number of newborns in Japan fell to 77,747 babies in 2022, down 5% from 2021 and the lowest level on record. The fertility rate—the average number of children a woman gives birth to in a lifetime—fell to 1.26, the lowest since 2005. The population shrank for the 16th consecutive year, as the number of deaths rose 9% to 1.57 million.
Twitter loses two trust and safety executives within days.
AJ Brown, the platform's head of brand safety and ad quality, has left the company, according to reports Friday. Brown's departure follows the resignation of Ella Irwin, Twitter's head of trust and safety, who left Thursday. Irwin handled content moderation, while Brown worked with advertisers.
DOJ closes classified document probe into Mike Pence.
The Department of Justice had looked into the former vice president's handling of classified documents after a few sensitive records were found at his Indiana home. Pence will not face any charges based on the result of the probe, which comes ahead of Pence's expected 2024 presidential campaign announcement next week.
European Space Agency livestreams Mars in first-ever attempt.
The space agency beamed images from the Mars Express, a spacecraft that first launched 20 years ago, as close to realtime as possible, given Mars is about 186 million miles from Earth. View the recorded livestream here.
Tropical Storm Arlene forms in the Gulf Coast.
The tropical storm is the first named storm of the 2023 hurricane season, which began June 1 (see previous write-up). Tropical Storm Arlene has formed in the eastern Gulf of Mexico but is not expected to last long or be a direct threat to the US Gulf Coast.
Grammy-winning lyricist Cynthia Weil dies at 82.
Weil earned two Grammys for songs written both by herself and with her husband, Barry Mann. Songs penned by the couple include Dolly Parton's "Here You Come Again," while songs Weil helped to write include Barry Manilow's "Somewhere Down the Road" and Chaka Khan's ''Through the Fire," later sampled by Kanye West.
Taylor Swift adds first international dates to Eras Tour.
Swift will head to Mexico City after the US portion of her tour wraps up in August. In November, she will perform in Buenos Aires in Argentina, and Rio de Janeiro and São Paulo in Brazil. Sabrina Carpenter will open for Swift. |
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Consuming positive news may counteract the negative effects of seeing bad news, study shows. (More)
Twelve-year-old girl saves her family from carbon monoxide poisoning. (More)
Veteran, who lost both legs in an explosion, reaches top of Mount Everest. (More)
Ninety-three-old grandma visits all 63 US national parks with her grandson. (More)
Man experiencing homelessness rescues family from burning home. (More)
California school's full graduating class accepted into four-year universities. (More)
How a message in a bottle found its way home 45 years later. (More) |
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Today, we're sharing a story from reader Toni S. in Atlanta, Georgia.
"Unbeknownst to me, my key ring that contained my house and car keys accidentally fell out of my pants pocket in my Uber ride to the airport. As I was in the very busy airport terminal checking in at a kiosk, I felt a tap on my shoulder. I turned to see the Uber driver, who handed me my key ring. My mouth fell open as I thanked him. What are the odds of him finding me in the busiest airport in the country after dropping me off? Thank goodness he noticed my keys in his backseat, or I would have returned home from my trip without a way to enter my home. I am sincerely grateful to him for taking the time to track me down."
What act(s) of kindness did you experience this week? Tell us here. |
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"Service to others is the rent you pay for your room here on Earth." |
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