Alan Diaz/AP

New claims for unemployment insurance fell again this week to its lowest level since 1973, further evidence that the U.S. labor market continues to strengthen.

Source: U.S. Employment and Training Administration

Why it matters: The U.S. economy is far closer to a labor shortage than it is to an immigration-induced overabundance. Yesterday's beige book release from the Federal Reserve showed anecdotal evidence of labor shortages in key industries like construction and computer engineering. Given these data, further actions to restrict the growth of the labor market could an ill-timed move that slows economic growth.

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4 p.m. ET: 19,189,737 — Total deaths: 716,669 — Total recoveries — 11,610,192Map.
  2. U.S.: Total confirmed cases as of 4 p.m. ET: 4,917,050 — Total deaths: 160,702 — Total recoveries: 1,598,624 — Total tests: 59,652,675Map.
  3. Politics: White House recommends Trump issue executive orders on coronavirus aid.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus.
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.

White House recommends Trump issue executive orders on coronavirus aid

Treasury Secretary Steve Mnuchin (L) and White House Chief of Staff Mark Meadows speak to the media on Capitol Hill. Photo: Mandel Ngan/AFP via Getty Images.

White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin said President Trump should sign executive orders unilaterally addressing coronavirus stimulus spending after negotiations with congressional Democrats stalled again on Friday.

Why it matters: Friday was viewed as a self-imposed deadline to negotiate a new relief bill. But after an intense week of negotiations on Capitol Hill, White House and Democratic leadership failed to reach a deal on delivering much needed aid to Americans and businesses.

Counterintelligence chief: Russia aiming to “denigrate” Biden ahead of election

William Evanina, director of the National Counterintelligence and Security Center, before Congress in 2018. Photo: Win McNamee/Getty Images

National Counterintelligence and Security Center Director William Evanina said Friday that the Russian government is "using a range of measures" to "denigrate former Vice President Biden" before the November election.

Why it matters: Evanina warned that some Kremlin-linked actors are trying to support President Trump’s candidacy on social media and Russian television, while others are spreading false claims about corruption to undermine Biden and the Democratic Party.