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Note: "Other oils" includes natural gas liquids other than propane, as well as other petroleum products such as lubricants and unfinished oils; Data: Energy Information Administration; Chart: Chris Canipe / Axios

The Energy Information Administration issued a report yesterday that shows exports of crude oil and refined petroleum products reached record levels in the first half of 2017.

Why it matters: The data signals how the U.S. has become a major player in global petroleum markets. The expansion of crude oil exports is especially noteworthy — the lifting of the crude export ban in late 2015 combined with the shale oil surge has enabled a major rise in U.S. crude shipments.

The gritty details: Crude oil exports, which grew by 300,000 barrels per day to 900,000 bpd in the first half of the year compared with the same period in 2016, have really taken off in recent weeks, fueled in part by the size of the discount of WTI compared with Brent crude.

Other EIA data released yesterday shows exports of 1.8 million barrels per day in the week ending Oct. 13, which is up from the 1.3 million the prior week. It's not quite the nearly 2 million in late September when refinery outages from Hurricane Harvey was pushing excess supply of discounted crude into the arms of willing global buyers.

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U.S. economy added 4.8 million jobs in June

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. economy added 4.8 million jobs last month, while the unemployment rate dropped to 11.1% from 13.3% in May, according to government data released Thursday.

The state of play: While the labor market showed more signs of recovery when the government’s survey period ended in early June, the lag means that more recent developments, like the surge in coronavirus cases and resultant closures in some states, aren't captured in this data.

1.4 million Americans filed for unemployment last week

Photo: Wang Ying/Xinhua via Getty Images

Another 1.4 million Americans filed for unemployment last week, the Department of Labor announced Thursday.

Why it matters: New applications for unemployment remain historically high, suggesting layoffs are still widely prevalent. However, they remain well below the all-time record seen when the coronavirus pandemic first hit.

The crushing budget blow awaiting state and local government workers

Illustration: Eniola Odetunde/Axios

State and local government jobs are being gutted, even as the labor market shows signs of a slight recovery.

Why it matters: The coronavirus pandemic blew a hole in state and local government budgets. A slew of states cut spending and jobs — with more planned layoffs announced this week as states try to balance budgets.