The U.S. economy added 266,000 jobs in November, above the 187,000 economists expected, the government said on Friday, as the unemployment rate fell back to a 50-year low of 3.5%.
Why it matters: The number reflects, in part, striking GM workers returning to work. The report, which also included upward revisions for prior months' job gains, also shows employers haven't pulled back on hiring, despite fears of a trade-war driven economic slowdown.
Illustration: Aïda Amer/Axios
Illustration: Aïda Amer/Axios
Antibody drugs and various medicine cocktails against the coronavirus are progressing and may provide some relief before vaccines.
The big picture: Everyone wants to know how and when they can return to "normal" life, as vaccines are not expected to be ready for most Americans for at least a year. Two therapies are known to be helpful, and more could be announced by late September, NIAID Director Anthony Fauci tells Axios.
Trump, Kushner and Netanyahu (L-R). Photo: Kobi Gideon/GPO via Getty
The breakthrough in talks between the U.S., Israel and UAE on a normalization deal came two months ago, White House officials tell me.
Behind the scenes: Talks had been ongoing for more than a year, but they gained new urgency ahead of Israeli Prime Minister Benjamin Netanyahu's July 1 deadline to move ahead on West Bank annexations.