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Hiring in the U.S. slowed in June, raising hopes for interest rate cuts

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Voters feeling frustrated with inflation


Voters feeling frustrated with inflation and overall economy

02:11

The U.S. jobs market cooled in June but remains solid, raising the odds that the Federal Reserve will cut interest rates by year-end.

The economy added 206,00 jobs last month, in line with analyst forecasts, and unemployment edged up to 4.1%. The data follows a surprisingly strong 272,000 increase in May.

A modest slowdown in hiring and wage growth could increase the Fed’s confidence that inflation is trending closer to its 2% annual target, opening the door for policymakers to trim borrowing costs for consumers and businesses.

—This is a developing story.



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Multiple people reported injured in shark attacks on Texas beach

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Multiple people reported injured in shark attacks on Texas beach – CBS News


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Officials say four people reported shark bites off South Padre Island, Texas, on the Fourth of July. Three of them were taken to a hospital and the other was treated at the scene. The attacks are now among at least 15 in the waters off U.S. beaches this year.

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TSA shares surprising items passengers try to bring in carry-on luggage

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TSA shares surprising items passengers try to bring in carry-on luggage – CBS News


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Chainsaws, a large kitchen sink and tasers are just some surprising items that passengers have tried to bring through TSA checkpoints. Every year around the Fourth of July, there’s also an increase in fireworks. The TSA is expected to break another travel record on Sunday.

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