Nov 14, 2017

RNC pulling support from Roy Moore

Photo: Hal Yeager / AP

The Republican National Committee is pulling its support for Alabama Senate nominee Roy Moore over allegations of child sexual abuse, Politico reports. The committee had a joint fundraising agreement with Moore, which it is now terminating, and it will not contribute additional funds or canvas on his behalf.

Where things stand: Senior Republicans, including Mitch McConnell and Paul Ryan, have called on Moore to withdraw from the race. President Trump has not taken a position.

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Unemployment rate falls to 13.3% in May

Photo: Steve Jennings/Getty Images

The U.S. unemployment rate fell to 13.3% in May, with 2.5 million jobs gained, the government said on Friday.

Why it matters: The far better-than-expected numbers show improvements in a job market devastated by the coronavirus pandemic as economies reopen, the government said.

The difficulty of calculating the real unemployment rate

Data: U.S. Department of Labor; Note: Initial traditional state claims from the weeks of May 23 and 30, continuing traditional claims from May 23. Initial PUA claims from May 16, 23, and 30, continuing PUA and other programs from May 16; Chart: Andrew Witherspoon/Axios

The shocking May jobs report — with a decline in the unemployment rate to 13.3% and more than 2 million jobs added — destroyed expectations of a much worse economic picture.

Why it matters: Traditional economic reports have failed to keep up with the devastation of the coronavirus pandemic and have made it nearly impossible for researchers to determine the state of the U.S. labor market or the economy.

1 hour ago - Sports

How coronavirus could reshuffle the sports calendar

Illustration: Eniola Odetunde/Axios

The NBA's Board of Governors approved Thursday the league's 22-team plan to resume play at Walt Disney World — a plan that also includes tentative dates for both this season and next.

Why it matters: The league's proposed trip to Disney World not only impacts this season but could have a domino effect that impacts seasons in the future — and could permanently change what time of year the NBA plays its games.