7.6.2024

Facts, without motives.
 

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Good morning. It's Saturday, July 6, and in this weekend edition, we're covering a cooling US labor market, a potential migraine trigger, and much more. First time reading? Join over 3.5 million readers. Sign up here.

 

You share, we listen. As always, send us feedback at [email protected].

One Big Headline
 

Labor Market Slowdown

US employers added 206,000 nonfarm jobs in June, slightly beating economist estimates of 200,000 jobs, according to government data released yesterday. The figure is lower than the downwardly revised gain of 218,000 jobs in May (compared to the originally reported 272,000).

 

The June unemployment rate rose to 4.1%, tied for the highest jobless level since October 2021. Economists had expected the rate to remain unchanged from May's 4%. Most of the jobs were added in government (70,000), healthcare (49,000), and social assistance (34,000). Average hourly earnings in June rose 0.3% month-over-month and 3.9% year-over-year, both in line with estimates and slightly lower than readings in May. View all data here.

 

Analysts say the report suggests the economy is beginning to cool down, with job creation, wage growth, and unemployment showing signs of stabilizing. The Federal Reserve previously said it was looking for more evidence of a slowdown before cutting its benchmark federal funds rate, which has been at a range between 5.25% and 5.5% since last July. 

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Quick Hits
 

Hurricane Beryl reaches Mexico’s Yucatan Peninsula.

The hurricane made landfall Friday near the resort town of Tulum as a Category 2 storm after causing damage in Jamaica, St. Vincent and the Grenadines, and Barbados earlier in the week. At least 11 people have been killed so far across the Caribbean. Beryl is expected to reach South Texas by Monday. Track Beryl here.

 

President Joe Biden appears in first televised post-debate interview.

Biden sat down with ABC News anchor George Stephanopoulos Friday in his first televised interview since his CNN debate with former President Donald Trump last month. Biden dismissed concerns about his cognitive abilities and rejected calls to withdraw from the presidential race. He attributed his debate performance to feeling sick and exhausted after overseas travel. Read the transcript of the interview here.

 

Reformist Masoud Pezeshkian wins Iran’s presidential runoff election.

Pezeshkian—a heart surgeon and lawmaker—beat out hard-liner Saeed Jalili in the race to replace former President Ebrahim Raisi, who died in a helicopter crash in May. Pezeshkian secured roughly 16.3 million votes in Friday's runoff election, while Jalili—Iran's former nuclear negotiator—garnered roughly 13.5 million votes. Voter turnout was nearly 50%. 

 

UK's new Prime Minister Keir Starmer appoints cabinet members.

Starmer defeated former Prime Minister Rishi Sunak after his center-left Labour Party won a parliamentary majority (see results) in the UK's national elections. As part of Starmer's cabinet appointments, Rachel Reeves became the UK's first female chancellor to lead the country's treasury.  

 

Kansas Supreme Court overturns laws limiting abortion access.

The high court rejected a pair of state laws Friday, one that created special licensing requirements for abortion providers and another that banned a second-trimester abortion procedure known as dilation and evacuation. The court said the first law exceeded requirements for comparable medical professionals. In rejecting the second law, the court said the state's constitution protects personal autonomy.

 

Volunteer crew to exit NASA's simulated Mars habitat after 378 days.

The four volunteers were the first crew to have lived inside the simulated Mars habitat at the Johnson Space Center in Houston, Texas, for over a year. The 3D-printed habitat, spanning 1,700 square feet, simulates the conditions and challenges of the red planet, including harvesting vegetables and conducting "Marswalks." The crew is set to emerge at 5 pm ET today. View a livestream here.

 

Mouse study offers clues into cause of migraines.

Researchers have discovered an unknown route between the brain and peripheral nerves where altered cerebrospinal fluid travels through, activating pain and inflammatory receptors and triggering headaches. Cerebrospinal fluid surrounds the brain and spinal cord, and its contents can temporarily change when neural activity shuts down. 

Humankind
 

Twelve stories of kindness: what people did for each other in times of need. (More)

 

Ten-year-old boy surprises long-distance best friend on her birthday. (More, w/video)

 

A 12-year-old high school graduate heads to college where he plans to double major in physics and math. (More)

 

Two people meet on a plane; two years later, they are engaged. (More

 

Uber Eats customer helps raise funds for delivery driver who wanted to gift his fiancé with the perfect wedding dress. (More)

In partnership with Miso Robotics

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Humankind(ness)
 

Today, we're sharing a story from reader Rochelle W. in Oregon

 

"My daughter's family recently returned from a vacation in Mexico. Her 7-year-old son is prone to motion sickness, and in the course of the flight, expelled a great deal of stomach contents into her lap. They were prepared with a change of clothes for the boy, but she had no backup. A woman across the aisle, who was witnessing the situation, pulled some clothes from her own suitcase for my daughter to change into. When my daughter offered to reimburse her, the woman refused. I think everyone on the flight was thankful for this act of kindness."

 

What act(s) of kindness did you experience this week? Tell us here.

Etcetera
 

Bookkeeping

> Hulu's "The Bear" reaches 5.4 million views in first four days of streaming, breaking record for most-watched season premiere for any scripted Hulu series.

> Average US apartment built in 2023 measured 916 square feet, up 3% from 2022

 

Browse 

> High-speed hippos can briefly become airborne.

> Visualizing America's least common jobs.

> Teen goes viral for crocheting her prom dress. (w/video)

> Why do milk jugs feature concave circles on the side

Tasmania is hiring a wombat walker.

> Chicken tries to hatch lightbulbs in a garbage bin

 

Listen 

> How TikTok's iconic sonic logo came to be.

 

Watch 

> First-ever footage of blue whale mother nursing her calf.

> ... and ostrich chicks get their first gulp of water.

How 7-Eleven is reinventing itself to be more Japanese.

 

Long Read 

> How laughing gas changed the world

The forgotten priest who predicted black holes in 1783

Why small annoyances might harm us more than big disruptions.

 

Most Clicked This Week: America's best mountain towns.

 

Historybook: Artist Frida Kahlo born (1907); First MLB All-Star Game held (1933); President George W. Bush born (1946); Althea Gibson becomes first African American to win Wimbledon (1957); Musician Louis Armstrong dies (1971).

"No matter what accomplishments you make, somebody helped you."

- Althea Gibson

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*Disclosure: This is a paid advertisement for Miso Robotics Regulation A offering. Please read the offering circular at invest.misorobotics.com.

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