The U.S. economy added only 57,000 jobs in June, missing the expected 115,000 gain, while the unemployment rate fell to 4.2%. The weaker hiring and drop in labor force participation point to a cooling labor market heading into summer.
Job creation has moderated as the economy heads into the summer months.
https://x.com/CNBC/status/2072660319260791197
Tap a lens to see what this story means for you.
Reader-supported · Daily Brief
Daily brief at 7 AM ET. Top tech stories, every morning. Sourced and fact-checked.
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
Regulators in Britain have issued an updated national blueprint for retail payments that urges building infrastructure capable of handling tokenization along with seamless connections to emerging types of digital money. The move advances a diverse multi-money ecosystem and aligns with the FCA's new crypto licensing regime opening in September.
Robinhood activated the mainnet of its AI-native Ethereum layer-2 network featuring tokenized stocks that function as DeFi collateral, while Venice AI closed a $65M round at a $1B valuation to become crypto's newest unicorn. HOOD shares rose more than 8% and Lighter's LIT token gained 15%.
OFAC has sanctioned 134 crypto wallet addresses linked to ISIS-K, including 131 Tron addresses that received over $1.4 million in donations since 2023, prompting Tether to freeze associated funds. The move underscores the increasing reliance on blockchain analytics to enforce financial sanctions against terrorist financing networks.
