National

Macro

Axios Macro

Key Trump economic win disappears: Wage gains wiped out

Real wage growth since Trump took office

https://graphics.axios.com/hermesv2/2026-06-10-1422-real-wage-growth/index.html

White-collar jobs are under pressure, but the labor market is fine

White-collar jobs are under pressure, but labor market fine

A line chart that tracks cumulative payroll employment change for core white-collar and all other private employment from May 2021 to May 2026. Core white-collar rises to 7.04% in April-May 2023, then falls to 4.89% by May 2026. Other private employment climbs steadily to 12.03%

Change in payroll employment

Data: Bureau of Labor Statistics; Note: Core white-collar is the sum of employment in financial activities, information, and professional and business services sectors; Chart: Neil Irwin/Axios

Exclusive: Nasdaq sees AI behind solo founder boom

An area chart showing monthly new business applications from January 2015 to April 2026. Applications for both single- and multi-employee businesses spiked after the initial COVID shutdowns, going from a total of 300k to a high of 547k. Single-employee companies also rose after the releases of Chat GPT in 2022 and agentic coding in 2025.

Monthly new business applications

Data: Nasdaq Economic Institute analysis of Census Bureau data; Chart: Axios Visuals

Markets

Axios Markets

Meta launches $115 million data center job guarantee

Americans' inflation fears ease while job worries mount: NY Fed

Americans' inflation fears ease while job worries mount

A line chart that tracks the monthly share of U.S. consumers reporting worse finances than a year earlier from June 2013 to May 2026. It fell to a low of 14.2% in March 2017, peaked at 51.3% in June 2022, then rose again to 43.7% in May 2026.

Share of U.S. consumers reporting worse finances than a year ago

Data: Federal Reserve Bank of New York Survey of Consumer Expectations; Note: Share reflects respondents who say they are either somewhat or much worse off financially than a year ago; Chart: Courtenay Brown/Axios

With Fed set to meet next week, December's rate cut now looks questionable

December's rate cut now looks questionable

Why stocks didn't like a strong jobs report

A line chart that tracks the iShares Semiconductor ETF price every 30 minutes from 9:30 a.m. June 4 to 4 p.m. June 5, 2026, ET. It rose from 582.37 to 602.72 on June 4, then fell from 565 to 539.77 on June 5, hitting a low of 539.66.

iShares Semiconductor ETF price

Data: Financial Modeling Prep; Chart: Emily Peck/Axios

Latino

Axios Latino

AI is masking America's "post-literate" workforce

Closer

Axios Closer

Chips sector bloodbath drags Nasdaq down 4.2%

Markets anticipate higher interest rates after strong jobs report

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The developments that matter in where and how much people are working.