Axios PM

September 03, 2025
🌞 Welcome back! Today's newsletter, edited by Dave Lawler, is 595 words, a 2-min. read. Thanks to Sheryl Miller for copy editing.
👀 Situational awareness: Advisers to President Trump are discussing offering New York Mayor Eric Adams and/or Republican mayoral candidate Curtis Sliwa a job in the administration, to give Andrew Cuomo a better chance of beating front-runner Zohran Mamdani, the N.Y. Times reports. Gift link.
1 big thing: Job market jitters


There are now more unemployed Americans than job openings for the first time in four years, according to data out today.
- Why it matters: Today's release adds to the evidence that the labor market could use some help, as the Fed weighs cutting interest rates on Sept. 17, Axios Macro's Neil Irwin writes.
📉 Flashback: At the height of the post-pandemic job market boom, in spring 2022, there were more than two job openings for every unemployed person. Unemployment is still low at 4.2%, but jobs are drying up.
- "This is yet another data point underscoring how this job market is frozen, and it's difficult for anyone to get a job right now," wrote Heather Long, chief economist at Navy Federal Credit Union.
2. 🩺 Quote du jour: Dictator's guide to immortality

Check out this hot mic exchange between Xi Jinping and Vladimir Putin (both age 72) at this morning's military parade in Beijing:
Xi: "In the past, people rarely lived longer than 70 years. But today they say at 70 you are still a child."
Putin (via translator): "Biotechnology is continuously developing. ... Human organs can be continuously transplanted. The longer you live, the younger you become, and even achieve immortality."
Xi: "Some predict that in this century, humans may live up to 150 years old."
💪 Between the lines: Xi has been in power for 12 years, and Putin for 25. But if 70 is the new 20, retirement might be a long way off.

🪖 The parade was also an impressive display of Chinese military might, featuring:
- At least five varieties of nuclear-capable missiles, including a new ICBM.
- New hypersonic anti-ship missiles.
- Seven types of aerial drones and a giant new undersea drone.
3. Catch me up

- ⚜️ President Trump said he might send the National Guard to New Orleans, a blue city in a red state, rather than Chicago, where Gov. JB Pritzker (D) has vocally opposed the idea. Watch.
- 💉 Florida will end all state vaccine mandates, Surgeon General Joseph Ladapo announced, saying: "Who am I to tell you what you should put in your body?" Keep reading.
- 🗳️ Former Sen. John Sununu (R-N.H.) is "seriously considering" a Senate run in 2026, potentially bolstering the GOP's chances of a crucial pickup in the Granite State. His comments to WMUR.
4. 🏈 NFL returns tomorrow


The NFL season starts tomorrow night with the reigning champion Philadelphia Eagles hosting the Dallas Cowboys (8:20 p.m. ET on NBC + Peacock).
- 🇧🇷 On Friday, the Kansas City Chiefs play the LA Chargers in São Paulo, Brazil, the first of seven international games this season.
- 🏟️ Then, the season's first football Sunday.

💭 Our thought bubble: We asked Axios' NFL guru Neal Rothschild to cook up some preseason power rankings (above).
- 🐦⬛ Why Ravens at No. 1: They bring back their key weapons from last year's No. 1 offense. QB Lamar Jackson will be on a rampage after getting passed over for MVP last year.

🧀 Neal is bullish on New England returning to the playoffs under new coach Mike Vrabel, bearish on the Bengals, and unconvinced by Green Bay despite the acquisition of star pass rusher Micah Parsons.
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