default. that was senate majority leader chuck schumer late last night after his chamber passed the debt ceiling bill. we ll have more on that vote and the continuing fallout in the house over the agreement. meanwhile florida governor ron desantis seizes on a potential weakness in donald trump s third presidential bid while both men campaign in iowa. and also ahead a rough moment for president biden at a graduation ceremony, which will fuel more questions about his age as he seeks a second term. good morning and welcome to way too early on this friday, june 2nd. i m jonathan lemire. thanks for starting your day with us. we ll begin this morning with an official deal in washington. the senate passed the biden-mccarthy debt ceiling bill last night in a rare bipartisan act in the capitol. the move ensures the united states will not default on its debt after weeks and weeks of uncertainty. the final vote was 63 yeas to 36 nays with more democrats voting for the deal than
across the board markets certainly looking a whole lot better with economics certainly in ppurview. and certainly with economic data perhaps the big one is jobs report coming out in just a few hours, the u.s. jobs report. what is the expectation as to what we ll see? yeah, so we ve seen that jobs market tighten a little bit, and that s been the key worry for the federal reserve. the tighter it gets, it may put pressure on the fed to not continue with its rate hiking. and even some fed members saying perhaps let s hold off and see what that has done to the economy and then move forward from there. so 190,000 jobs created in the month of may is the anticipation and would be a draw down from the 253,000 jobs that have been created in the month of april. 3.5% unemployment rate, a little higher than the 3.4% unemployment, so certainly a
50 year low right now. we re not even talking about the possible effects of weather in certain parts of the country, especially the midwest. all of those are variables we re trying to come to grips with. let s talk about the corrections from previous months. how significant are those corrections? are there anything we should be taking away from those correction? we should. so the bottom line is we had 75,000 jobs created in the month of may. the previous two months in april and march were revised lower collectively across those two months by 75,000. so as things stand right now, the job creation over the last three months is a net zero. next month, we ll get revisions about what those may numbers will be finally. but, still, that s the reason why there s a little bit of concern right now. especially among traders. they re saying this is another data point that shows that the u.s. economy could be on a slower growth trajectory for the remainder of this year and perhaps even into 202
do believe right now is him but they are waiting for fingerprint tests to come back and confirm it. this man himself says he is the suspect. he says he is luca magnata. he was caught in an internet cafe and there were reports that they had seen activity on his account. he still had his own personal mobile phone. they figured this gi sooner or later would give himself up in a sense. because he want doing a good job of trying to cover his tracks. let s bring viewers back it last week when you and i were talking about this case. it plays out like a slasher movie. absolutely chilling, the allegations against this man, and what he s done. and he actually put things on the internet that only helped police lead the investigation toward him and toward these gruesome acts, right? it was quite an internet trail from the beginning. so if we recap according to canadian police and this is what they have put certainly in their document and prosecution documents, that he had a person he
to make sure we have a safety net that cares for people that are falling from the middle class into poverty. 99ers receiving an unprecedented 99 weeks of jobless benefits. fight, fight, fight. but 20 straight months of job gains have many wondering when do you cut the cord? when do it we want it? now. with no easy answers for the long-term unemployed, what can and what should government do? sometimes it means making sure that there s a safety net. by the end of the summer the gaps in the safety net will be a whole lot wider, more than 100,000 americans across six states are set to lose the extended unemployment benefits they ve been receiving from the federal government. those are the states in yellow, rhode island, idaho, nevada, new jersey, new york, west virginia, and also washington, d.c. as state unemployment rates improve the kind of federal extensions that led to 99 weeks of support are being phased out. stevon moore is an editorial writer with the wall