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Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. added 213,000 jobs last month and the unemployment rate rose to 4% as more people — especially new graduates — entered the labor force. Economists surveyed by Bloomberg forecast 195,000 new jobs and unemployment holding at 3.8%. The U.S. added 223,000 jobs in May.

Why this matters: As the NYT notes, this is the 93rd straight month of job creation — the longest streak on record.

What to watch: Will President Trump's escalating trade war begin to weigh on job growth?

Thought bubble: The 0.2% uptick in joblessness was notable, too. It was the largest rise in two years, and a blotch on a remarkable, several-year slide in unemployment. Analysts will be alert to what comes next given the possibility that the U.S. trade war with China and Europe could impact business investment, and new hiring going forward.

  • Mark Zandi, chief economist at Moody's Analytics, tells Axios that the tariffs war initiated by the U.S. at this point is too small to spook businesses, still basking in the Trump tax cut earlier this year along with higher government spending.
  • But, he adds, "if the trade war continues to escalate, then the economic pain will mount, and under some (still remote) scenarios, they could even undermine the expansion."
  • In minutes of its June meeting released yesterday, the Fed said its business contacts had signaled concern about the tariffs, and suggested there could be an impact on their decisions about future investment.

Wages continued to be flat, with a tepid 2.7% increase in average pay, as companies continued to stubbornly hold back labor costs in the tight market. But Jordan Cohen, vice president of marketing for Ladders, the site for jobs paying at least $100,000 a year, tells Axios that June was a big month for high-paying positions.

  • The number of jobs listed on the site rose above 212,000, the first time they have gone over 200,000 this year.

Instant analysis from the NYT:

And Bloomberg:

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Trump signs bill to prevent government shutdown

Senate Majority Leader Mitch McConnel and President Trump arrives at the U.S. Capitol in March. Photo: Samuel Corum/Getty Images

President Trump signed a bill to extend current levels of government funding after funding expired briefly, White House spokesperson Judd Deere confirmed early Thursday.

Why it matters: The move averts a government shutdown before the Nov. 3 election. The Senate on Wednesday passed the legislation to fund the federal government through Dec. 11, by a vote of 84-10.

Of note: While the previous measure lapse before Trump signed the bill, the Office of Management and Budget had instructed federal agencies "to not engage in orderly shutdown activities," a senior administration official told the New York Times, because of the OMB was confident the president would sign the measure on Thursday.

Editor's note: This is a developing news story. Please check back for updates.

Updated 36 mins ago - Science

In photos: Deadly wildfires devastate California's wine country

The Shady Fire ravages a home as it approaches Santa Rosa in Napa County, California, on Sept. 28. The blaze is part of the massive Glass Fire Complex, which has razed over 51,620 acres at 2% containment. Photo: Samuel Corum/Agence France-Presse/AFP via Getty Images

More than 1700 firefighters are battling 26 major blazes across California, including in the heart of the wine country, where one mega-blaze claimed the lives of three people and forced thousands of others to evacuate this week.

The big picture: More than 8,100 wildfires have burned across a record 39 million-plus acres, killing 29 people and razing almost 7,900 structures in California this year, per Cal Fire. Just like the deadly blazes of 2017, the wine country has become a wildfires epicenter. Gov. Gavin Newsom has declared a state of emergency in Napa, Sonoma, and Shasta counties.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12:30 a.m. ET: 33,880,896 — Total deaths: 1,012,964 — Total recoveries: 23,551,663Map.
  2. U.S.: Total confirmed cases as of 12:30 a.m. ET: 7,232,823 — Total deaths: 206,887 — Total recoveries: 2,840,688 — Total tests: 103,939,667Map.
  3. Education: School-aged children now make up 10% of all U.S COVID-19 cases.
  4. Health: Moderna says its coronavirus vaccine won't be ready until 2021
  5. Travel: CDC: 3,689 COVID-19 or coronavirus-like cases found on cruise ships in U.S. waters — Airlines begin mass layoffs while clinging to hope for federal aid
  6. Business: Real-time data show economy's rebound slowing but still going.
  7. Sports: Steelers-Titans NFL game delayed after coronavirus outbreak.