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| Happy Friday, Insiders! Today's newsletter covers: - The U.S. economy added 187,000 jobs in August, with education & healthcare making up more than half of the new jobs
- New proposed rules from the Biden administration that would require nursing homes to hire more staff
- The Justice Department has charged more than a dozen people with threatening election workers since 2020
And much more! If you enjoy reading the Inside Daily Brief, please share it with your friends and colleagues. Your faithful IDB writer, Daniel
p/Dan-Smith | |
| 1 | | The U.S. economy added 187,00 jobs in August, continuing a trend of slowing job growth after two years of rapid job gains following the COVID-19 pandemic. August is the third consecutive month with fewer than 200,000 jobs added after a 29-month streak in which seasonally-adjusted job gains never fell below that threshold. More: - Average wages rose 4.3% from a year prior, continuing a trend of positive real wage growth after two years of high inflation hurt workers' purchasing power.
- The unemployment rate rose to 3.8% in August, up from 3.5% in July, largely due to an increase in the number of people looking for work.
- The labor force grew by 436,000 in August, and the labor force participation rate rose from 62.6% to 62.8%.
- More than half of August's job gains came from the education and healthcare industries, with the hospitality and construction industries also posting strong gains.
- An average of 150,000 jobs a month were added across June, July, and August.
Zoom Out: - The Hollywood actor's strike led to ~17,000 jobs being removed from payrolls in the film and music industries.
- The bankruptcy filing of trucking company Yellow played a major part in the 37,000 trucking jobs lost last month.
Q: Do you think that slowing job growth will lead the Federal Reserve to keep interest rates where they are when monetary policymakers next meet on September 19-20? Join the conversation here. |     | |
| 2 | | Paramount Global (PARA) stock lost nearly 7% on Friday after the company disclosed that it had suffered a data breach and its bonds were downgraded. 
What the numbers say: Paramount said that hackers gained access to personally identifiable information of approximately 100 customers between May and June 2023, including names, dates of birth, and Social Security numbers. The company said that those individuals have been notified. Paramount owns popular networks and streaming services including CBS, Nickelodeon, Comedy Central, and Paramount+. Plus, a downgrade: Moody's downgraded Paramount's bond rating to Baa3 from Baa2 this week, citing higher expenses to create content for its direct-to-consumer operations, a weaker advertisement market, and macroeconomic challenges. | | | |
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| 3 | | The Justice Department has charged more than a dozen people with threatening election workers following the 2020 election. The federal law enforcement agency established the Election Threats Task Force in 2021 to help deal with threats stemming from former President Donald Trump's false claims that the 2020 election was stolen. More: - Two defendants pleaded guilty to threatening election workers in Arizona and Georgia this week.
- In another case, an Iowa man was sentenced to 2.5 years in prison for leaving a message in which he threatened to "lynch" and "hang" an Arizona official.
- The man has since said he was "inundated with misinformation" at the time and regrets leaving the messages.
- A Texas man was sentenced to 3.5 years in prison for proposing a "mass shooting for poll workers and election officials."
Zoom Out: - An election worker in Michigan who received a death threat said she hopes the charges will "send a strong message, and [that] we won't find ourselves in the same position after the next election."
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| 4 | | GOOD NEWS: A U.S. military veteran who was separated from his Chilean birth mother 42 years ago finally reunited with her, thanks to a non-profit called Nos Buscamos. The group estimates that tens of thousands of children were stolen from poor Chilean families in the 1970s and 1980s, during the dictatorship of General Augusto Pinochet. More: - Jimmy Lippert Thyden was born to María Angélica González in Valdivia, Chile, but hospital workers took the baby from her arms and later told her he had died.
- He was adopted by a U.S. family who were the victims of an illegal adoption network, Thyden said.
- He was able to find his birth family thanks to Nos Buscamos, which has connected over 450 stolen children with their birth families over the past nine years.
- Thyden was matched with a first cousin thanks to a DNA test he took with the genealogy platform MyHeritage, which collaborates with Nos Buscamos.
- Thyden, who lives in Ashburn, Virginia, traveled to meet his mother and five siblings with his wife and two daughters.
Zoom Out: - Many of these illegal adoptions occurred after Pinochet seized power in a 1973 military coup.
- Thousands of people were killed during the Pinochet regime, which lasted until 1990, and tens of thousands were tortured or jailed for political reasons.
- On Wednesday, the Chilean government said it plans to search for victims of forced disappearances during Pinochet's dictatorship.
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| 5 | | The Biden Administration has proposed new rules requiring nursing homes to maintain minimum staffing levels. Under the proposal, nursing homes that participate in Medicare and Medicaid have to provide at least .55 hours of care from a registered nurse to each resident daily. More: - The rules require nursing homes to provide 2.45 hours of care from a nurse aide to each resident daily and have a registered nurse on-site at all times.
- According to the Centers for Medicare and Medicaid Services, roughly 75% of all nursing homes would need to hire more workers to comply with the rules.
- Following a 60-day public comment period, the rules would go into effect in three years for nursing homes in urban areas and in five years for those in rural areas.
Zoom Out: - Nursing homes are facing major staff shortages.
- There are 190,000 fewer hands-on nursing home staff than before the Covid pandemic.
- Nursing home associations argue that the mandate could force some homes to go out of business.
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| 6 | | A new study found that the brain fog experienced by many "Long Covid" sufferers is linked to blood clots in the brain or lungs. Since the start of the pandemic, researchers have been trying to understand the complex set of symptoms that afflict some people after an acute COVID-19 infection. More: - Researchers estimate that 16% of people suffer from memory, concentration, and cognitive difficulties for at least six months after they are infected with COVID-19.
- The study, which looked at 1,837 people who were hospitalized for COVID-19, found that elevated levels of two blood proteins that are involved in blood clotting are correlated with brain fog in people who recently tested positive for the virus.
- Oxford University researcher and study lead author Dr. Max Taquet said the results "support the hypothesis that blood clots are a cause of post-Covid cognitive problems."
- He said that one of the proteins may directly affect the brain and its blood vessels, while the other can worsen brain fog by causing clotting in the lungs, which limits the amount of oxygen that gets to the brain.
- Elevated levels of the second protein are also linked to extreme fatigue and shortness of breath after an infection, Taquet said.
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- A ban on rental scooters in Paris went into effect today. Parisians voted on the matter in April, and nearly 90% of those who voted supported the ban.
- Two leaders of the Proud Boys were sentenced to over 15 years in prison for their role in the January 6, 2021 insurrection at the U.S. Capitol and their efforts to block the peaceful transfer of power.
- Interest payments on student loans resumed on Friday. The interest rate on federal student loans had been at 0% since the COVID-19 pandemic began in March 2020.
- The Atlantic Coast Conference (ACC) voted to add Stanford, Cal, and SMU to its college sports competition starting in the 2024-2025 academic year.
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 | Writer | | Dr. Daniel Smith is an Inside writer with a Ph.D. in Political Science from the University of Cambridge. Follow him on Twitter @DJS12321 or email him at Daniel@inside.com. | | This newsletter was edited by NO ACCOUNT ASSOCIATED WITH THE EDITOR | |
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