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We've been keeping up with the latest headlines...
here are two of our favorites worth sharing.
** Your Money
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The Bureau of Labor Statistics released the May 2025 U.S. jobs report last week. It showed modest overall growth, but the details paint a more nuanced picture:
* Narrow job creation: Just two sectors—Healthcare/Education and Leisure/Hospitality—accounted for 96% of the month’s gains. Meanwhile, key areas like manufacturing (-8k), professional services (-18k), and government (-1k) showed weakness.
* Revised trends: Job growth for March and April was revised down by 95,000, suggesting a softer underlying trend than initially reported.
* Wage pressures persist: Average hourly earnings rose 3.9% year-over-year, beating expectations and pointing to ongoing labor market tightness.
While growth is clearly moderating, it hasn’t stalled. The broader U.S. economy is now driven by more concentrated forces—like consumer services, AI-related capital spending, and infrastructure investment.
Crucially, the labor market remains tight, with unemployment steady at around 4.2%. With slower net migration, even modest job gains are enough to maintain low unemployment, adding to wage pressure.
The economics team at KKR, the author of this post, expects the Fed to cut rates twice later in 2025, but not hastily. If tariff-related inflation fades in 2026, the door could open to more aggressive easing.
How are we thinking about the May 2025 U.S. jobs report? (https://www.kkr.com/insights/flash-macro-jobs-update-may-2025?utm_source=sfmc&utm_medium=email&utm_campaign=1006990&utm_term=INST_Global_Flast_Macro_20250606&sfmc_id=514005242&subscriberkey=0035a00002fdvN3AAI&utm_id=1774769&utm_content=Readbanner)
by Henry H. McVey
** Your Life
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Did you know humans are training rats to detect land mines, disease, and earthquake survivors? They’re surprisingly great at it. Rats have an extraordinary sense of smell, making them ideal for sniffing out explosives, tuberculosis, or even human scent under rubble. They’re also small and light enough to avoid triggering land mines and can access tight spaces where machines and dogs can’t go. Plus, they’re intelligent, easy to train, and cost-effective—especially compared to more complex tools. Programs like APOPO’s HeroRATs prove that rats can save lives quickly and safely in places where resources are limited and the risks are high.
Giant rat celebrated for detecting one of the world's deadliest illnesses: 'We really do see them as heroes' (https://www.yahoo.com/news/giant-rat-celebrated-detecting-one-110004266.html?guccounter=1)
by Leslie Sattler
https://www.linkedin.com/in/danheth/
https://www.linkedin.com/in/rosalynn-harvey-heth-mpa-ceps-3a3aa3191/
** Complexity Simplified
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Protein intake is essential because it supports nearly every critical function in your body. Beyond meat and fish, keep foods like eggs, dairy, beans, or nuts around to help your body function at its best.
6 Sources of Protein That Aren’t Meat (https://www.nytimes.com/2025/03/06/well/eat/non-meat-protein-sources.html?unlocked_article_code=1.Nk8.Avqk.sT5zEeriF4iE&smid=url-share)
by Sophie Egan
** Trivia
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Last week's answer: Wrench
This week's question: What city did Starbucks open its first store in 1971?
https://youtu.be/MH_PANCU9oQ?si=ktyMTCA_Ee687CzL
** Back in 1963, this song reached #1
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