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Your Morning Bullets Brief Updates are here! And that means trivia is, too.
Can you guess the best July 3rd on record for the Dow Jones Industrial Average?
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Temperatures between 108 and 115 degrees baked the Pacific Northwest region earlier this week leading to at least 76 deaths. According to officials, most of the deceased were men 44 years of age and older.
Those who had died were mostly alone and without air conditioning when they were found, a press release said. Many also had prior health conditions.
“This was a true health crisis that has underscored how deadly an extreme heat wave can be, especially to otherwise vulnerable people,” one health official said.
That expert continued: “I know many county residents were looking out for each other and am deeply saddened by this initial death toll. As our summers continue to get warmer, I suspect we will face this kind of event again.”
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The latest look at U.S. job growth blew analyst expectations out of the water. While economists had expected approximately 720,000 new payrolls last month, the Labor Department reported a much higher number — 850,000. This is a massive improvement when compared to the 583,000 gigs that were added in May.
That said, the unemployment rate also increased to 5.9%.
Right now, labor demand is high as businesses reopen, while supply is relatively low, as potential workers grapple with childcare and virus-related concerns.
But that should shift soon, experts say.
“Job gains should pick up in coming months as vaccinations rise, easing some of the pandemic-related factors currently weighing them down,” said Jerome Powell of the Federal Reserve.
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