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A recent wave of surprisingly solid economic data reveals that the U.S. economy is in a far stronger position than most economists expected.

Friday’s stunning jobs report, coupled with a surprising jump in job openings, has forced experts to recalibrate their expectations for an economy being slowed by the Federal Reserve’s interest rate hikes.

Here’s what we learned about the U.S. economy over the past week: Companies are still eager to hire A hiring sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City. (Photo by Spencer Platt/Getty Images)

The U.S. added 517,000 jobs in January, blowing away analyst projections, while the unemployment rate dipped to 3.4 percent, the lowest in 54 years. Economists had expected unemployment to rise. 

Several sectors that had been seeing an apparent slowdown, including retail and construction, added jobs at a faster rate than last year’s monthly average. The average workweek totaled 34.7 hours, the highest since March 2022, indicating massive demand for workers. 

That means the nation clearly isn’t in a recession, despite the Federal Reserve’s efforts to weaken the labor market by hiking employers’ borrowing costs. 

“For now, it’s a good sign that the Fed hasn’t broken the economy yet. The best-case scenario is a soft landing, and it’s still in play,” Callie Cox, U.S. Investment Analyst at eToro, said in a note.

In another surprising figure, Labor Department data released Wednesday showed that the U.S. had a near-record 11 million job openings at the end of December, up from 10.4 million the month prior. Economists expected openings to fall on a month-to-month basis.

The shortfall of workers, driven in part by 2 million early retirements during the pandemic, boosts workers’ leverage over wages but also reduces the supply of certain goods and services, leading to higher prices. 

Lisa Lighter, 52, told The Hill she struggles to find workers for her small business, A Day In Our Shoes, which helps Philadelphia-area parents secure critical services for their disabled children. The labor shortage forces countless parents with a disabled child who go without those services, Lighter said.

“I work long hours myself because finding qualified help to do my administrative work is challenging. Many never even return emails, and I pay above market rate,” she said. 

Friday’s booming jobs report comes with caveats. Economists expect the jobs number to be revised down because companies added fewer holiday employees this year and the U.S. experienced an unusually warm January. The Bureau of Labor Statistics usually accounts for a rush of post-holiday layoffs and lower economic activity during a cold but uneventful month by adjusting January jobs gains higher.

“The BLS jobs report for January was VERY strong. So strong, I don’t believe it. The BLS is likely having measurement issues. Most likely, difficulty seasonally adjusting the data, which is especially important in January,” Moody’s chief economist Mark Zandi wrote on Twitter Friday.  Layoffs are lower than the headlines make it seem A sign is shown on a Google building at their campus in Mountain View, Calif., on Sept. 24, 2019. (AP Photo/Jeff Chiu, File)

Some of the nation’s largest and most well-known companies, including Google, Microsoft and FedEx, announced mass layoffs in January, fueling recession fears.  

But the data shows that most companies aren’t letting workers go. 

The number of Americans filing unemployment claims dropped to a nine-month low last week, according to Labor Department data released Thursday. That’s an indicator that the economy is still growing amid the highly publicized job reductions.

The persistent shortfall of workers means that those who are laid off can typically find employment elsewhere, and quickly. 

A survey from tech recruiting and staffing firm Andiamo found that 74 percent of tech workers who were laid off between September and November have already landed new jobs. Thirty percent of those fired workers jumped over to new industries such as finance and media. 

“Despite the large layoffs and firings in the tech sector over the past year, the data strongly implies that these workers with in-demand skills are quickly finding employment,” Joe Brusuelas, chief economist at auditing firm RSM, said in a note.  Fed rate hikes are making a serious dent on inflation A customer looks at refrigerated items at a Grocery Outlet store in Pleasanton, Calif.,. on Thursday, Sept. 15, 2022. (AP Photo/Terry Chea)

Federal Reserve Chairman Jerome Powell can finally exhale.

After six straight months of declines in both the consumer price index and personal consumption expenditures (PCE) price index — the two primary ways of tracking inflation — Fed officials are willing to acknowledge that their rate hikes are working.

“We actually see disinflation in the goods sector,” Powell said Wednesday, after the Fed issued its smallest interest rate hike since March 2021. 

“We note that when we say inflation is coming down that this is good,” he continued.

Powell’s remarks may seem like little more than a basic observation. But his willingness to acknowledge progress against inflation — however slight — is a sign that the Fed feels increasingly confident in its fight to bring down price growth.

The Fed has been reluctant to declare victory with the PCE price index still up 5 percent on the year in December, well above the Fed’s annual inflation target of 2 percent but down from a peak of 7 percent in June. Pence: ‘We’ve got to have a conversation’ about reforming Social Security What are spy balloons and what is their purpose?

Powell added that while prices for goods have fallen steadily, prices for basic services are still rising and may continue to do so as long as the labor market holds strong.

The staggering January gain of 517,000 jobs might be a cause for concern for the Fed, even though wage growth continued to slow down. While Fed officials are optimistic they can quash inflation without derailing the job market, they could face pressure to keep cranking up rates.

“If the central bank thinks that the low unemployment rate will necessarily push up wage growth and inflation moving forward, this strong report may darken the economic outlook. But if instead, Chair Powell and colleagues are heartened by tempering wage growth, then the odds that the economy can avoid a recession increase,” wrote Nick Bunker, head of economic research at Indeed Hiring Lab, in a Friday analysis.

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Sean ‘Diddy’ Combs guilty of prostitution offences – but cleared of sex trafficking and racketeering

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Sean 'Diddy' Combs guilty of prostitution offences - but cleared of sex trafficking and racketeering

Sean “Diddy” Combs has been found guilty of transportation for prostitution following a landmark trial in New York – but cleared of more serious charges of sex trafficking and racketeering conspiracy.

The 55-year-old hip-hop mogul was accused by prosecutors of abusing and coercing three alleged victims, including his former long-term partner, singer and model Cassie Ventura, and other crimes including kidnapping, arson and blackmail.

Jurors decided not all the allegations were proven – but Combs still faces up to 20 years in prison after being convicted of transporting people across the US, including Cassie and another former girlfriend, Jane*, and paying male escorts to engage in sexual encounters.

However, with the not guilty verdict on three other more serious charges – racketeering conspiracy and two of sex-trafficking – he has avoided a maximum possible sentence of life behind bars.

Sean "Diddy" Combs reacts after verdicts are read of the five counts against him, during Combs' sex trafficking trial in New York City, New
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Combs appeared upbeat in court as the verdict was announced. Pic: Jane Rosenberg/ Reuters

The mixed result from the jury came not long into their third day of deliberations. In the courtroom in Manhattan, New York, there were cheers from Combs’s family, and the rapper himself held his hands up in a prayer motion, looking at the jury, and hugged his defence lawyer Teny Geragos.

His mood seemed very different to just a day earlier – when he learned the jury had reached a verdict on four of the five charges, but were split on the racketeering charge. After deliberating for longer on Wednesday, they came to a unanimous decision.

Sean "Diddy" Combs reacts after verdicts are read of the five counts against him, during Combs' sex trafficking trial in New York City, New
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Combs later seemed to become overwhelmed with relief. Pic: Jane Rosenberg/ Reuters

Judge Arun Subramanian adjourned the court while he considered whether to grant Combs bail before sentencing. The rapper has been in prison since his arrest in September 2024 – but his lawyers argue his acquittal on the most serious counts has changed the legal landscape enough that he should now be released.

As the verdict sunk in, Combs appeared overwhelmed, kneeling at his chair and bowing his head in prayer once again.

“I’ll be home soon,” he said as he faced his family members. “I love you, Mum.”

Sean "Diddy" Combs watches as his former girlfriend Casandra "Cassie" Ventura is sworn in as a prosecution witness before U.S. District Judge Arun Subramanian at Combs' sex trafficking trial in New York City, New York, U.S., May 13, 2025 in this courtroom sketch. REUTERS/Jane
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Casandra ‘Cassie’ was heavily pregnant when she gave evidence at the start of the trial. Pic: Jane Rosenberg/ Reuters

Cassie ‘paved the way’

Reacting to the verdict, Cassie’s lawyer Douglas H Wigdor said that although jurors did not find Combs guilty of sex-trafficking Cassie, she had “paved the way” for the other guilty verdicts.

“By coming forward with her experience, Cassie has left an indelible mark on both the entertainment industry and the fight for justice,” he said.

“We must repeat – with no reservation – that we believe and support our client, who showed exemplary courage throughout this trial.”

Cassie, who testified heavily pregnant just three weeks before giving birth, displayed “unquestionable strength”, he added, and “brought attention to the realities of powerful men in our orbit”.

Videos of “freak off” sex sessions with male escorts were shown to jurors only during the seven-week trial, with the footage kept private from members of the public and media in court.

Sean "Diddy" Combs listens as Assistant U.S. Attorney Meredith Foster questions Ananya Sankar during his sex trafficking trial
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Pic: Reuters/ Jane Rosenberg

Former employees, along with escorts, hotel staff and police officers were among those to give evidence.

Cassie and Jane, who used a pseudonym, also testified. They told the court they were coerced into drug-fuelled freak offs – which were also referred to as “hotel nights” or “wild king nights” – with male escorts, and abused throughout their relationships.

Combs’s defence team presented a very different picture to show that sexual acts, including freak offs, were consensual.

They conceded the music star could be violent, had a bad temper, and used drugs. He also had multiple relationships at the same time. But crucially, they said, while he was “not proud” of some of his behaviour, none of it made him guilty of the charges against him.

After hearing evidence of flights and travel for escorts and Cassie and Jane, paid for by Combs, as well as hotel bookings across the US and the Caribbean, jurors found him guilty of the transportation to engage in prostitution charges. However, they did not find that the allegations against the rapper amounted to sex-trafficking or racketeering.

The Cassie hotel tape

Combs, known variously as Puff Daddy, P Diddy, and Diddy over the years, was once one of the most influential figures in hip-hop – famous as a producer, founder of Bad Boy Records and manager of the late Notorious BIG in the 1990s, as well as a rapper in his own right.

As an artist, he won three Grammys during his career, and had hits including I’ll Be Missing You, Come With Me, and Bad Boy For Life.

In September 2023, he received the “global icon” award from MTV and was given the key to New York City at a ceremony in Times Square, just a few miles away from the streets in Harlem where he spent his first years.

Allegations first came to prominence in November 2023, when Cassie filed a bombshell lawsuit accusing him of coercing her into unwanted sex sessions, as well as blackmail and several incidences of violence.

The suit was settled in 24 hours – for $20m, it emerged during the trial – but months later CNN aired hotel security footage showing Combs punching and kicking Cassie and throwing her to the floor in 2016.

He apologised after the video aired, saying: “I was disgusted when I did it.”

Footage from the hotel incident was shown during the trial.

Following the verdict, the rapper now awaits sentencing. He also still faces several civil lawsuits, most of which were filed in the wake of his arrest in September 2024.

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Bob Vylan to no longer headline festival in Manchester after Glastonbury controversy

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Bob Vylan to no longer headline festival in Manchester after Glastonbury controversy

Punk rap duo Bob Vylan will no longer headline the Radar Festival in Manchester days after leading chants of “death to the IDF” at Glastonbury.

The performance on the West Holts Stage on Saturday was livestreamed on the BBC – leading the corporation to apologise as it described the chants referencing the Israeli military as “antisemitic” and “unacceptable”.

Avon and Somerset Police announced on Monday that it had opened a criminal investigation after reviewing footage of performances at Glastonbury by Bob Vylan and Irish hip hop trio Kneecap.

The force said the case has been recorded as a “public order incident” and said the investigation will be “evidence-led and will closely consider all appropriate legislation, including relating to hate crimes”.

In a post on Instagram on Wednesday, the Radar Festival, which takes place at the O2 Victoria Warehouse in Manchester, wrote: “Bob Vylan will not be appearing at Radar Festival this weekend.”

The festival has not explained why the duo will no longer appear on Saturday night – with its line-up now reading “headliner TBC”.

In response, the group shared the festival’s statement on their Instagram story, adding the caption: “Silence is not an option. We will be fine, the people of Palestine are hurting. Manchester we will be back.”

It comes after the band were barred from the US, where they were due to tour in autumn with performances in Chicago, Brooklyn and Philadelphia.

US deputy secretary of state Christopher Landau said the duo’s visas were revoked for their “hateful tirade at Glastonbury”.

The band have also been pulled from an upcoming performance at a German music venue.

Bob Vylan with their MOBO award in London in November 2022. Pic: Reuters
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Bob Vylan with their MOBO award in London in November 2022. Pic: Reuters

In a statement on Tuesday, the duo said they were being “targeted for speaking up” after police opened their investigation.

They wrote: “We are not for the death of Jews, Arabs or any other race or group of people.

“We are for the dismantling of a violent military machine. A machine whose own soldiers were told to use “unnecessary lethal force” against innocent civilians waiting for aid.

“A machine that has destroyed much of Gaza.”

The statement added: “We, like those in the spotlight before us, are not the story.

“We are a distraction from the story. And whatever sanctions we receive will be a distraction.

“The government doesn’t want us to ask why they remain silent in the face of this atrocity? To ask why they aren’t doing more to stop the killing? To feed the starving?

“The more time they talk about Bob Vylan the less time they spend answering for their criminal inaction.

“We are being targeted for speaking up. We are not the first, we will not be the last, and if you care for the sanctity of human life and freedom of speech, we urge you to speak up too.”

Read more:
Chief rabbi condemns BBC over Bob Vylan chants
Bob Vylan have US visas revoked
Culture secretary Lisa Nandy hits out at BBC

During the performance on Saturday, Bobby Vylan, one half of the duo, also led his crowd in chants that included “Free, free Palestine”.

Bob Vylan performed on the West Holts Stage slot directly before Kneecap, whose member Liam Og O hAnnaidh, also known as Mo Chara, appeared in court in June charged with a terror offence.

He is accused of displaying a flag in support of Hezbollah, a proscribed organisation in the UK, at a gig last year.

Kneecap also led the Glastonbury crowd in “Free Palestine” chants.

The BBC has faced strong criticism for continuing to livestream the Bob Vylan performance on iPlayer with on-screen warnings about discriminatory language.

It has since been revealed that BBC director-general Tim Davie was at Glastonbury when the chants were broadcast.

A BBC spokesperson said: “The director-general was informed of the incident after the performance and at that point he was clear it should not feature in any other Glastonbury coverage.”

Culture Secretary Lisa Nandy criticised the BBC over its decision not to pull the Bob Vylan livestream during the chants on Saturday and said there is “a problem of leadership” at the corporation.

The group was formed in Ipswich in 2017, and are known for addressing political issues in their albums, including racism, masculinity and class.

The group are scheduled to perform at the Boardmasters surfing and music festival in Newquay, Cornwall in August.

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Virginia Tech Engineers Craft Durable, Self‑Repairing, and Recyclable PCBs

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Virginia Tech Engineers Craft Durable, Self‑Repairing, and Recyclable PCBs

A team of scientists has developed a new kind of self-healing circuit board that stays functional even after severe mechanical damage and can be reshaped or recycled entirely using heat. Infused with liquid metal and built using a polymer known as vitrimer, the new circuit boards could dramatically cut electronic waste and transform the durability of consumer electronics. Vitrimer retains the strength of traditional thermoset materials while allowing flexibility and repair, making it possible to reconfigure damaged boards without compromising electrical performance.

As per a study published in Advanced Materials on June 1, the boards were created by blending vitrimer with just 5% by volume of liquid metal droplets. This combination nearly doubled the material’s strain-at-break, or stretchability, compared to vitrimer alone. The embedded droplets are flexible as well, serving as flexible conductors in place of metal wiring used in traditional boards. Using a rheometer, tests showed the material was able to return to its original shape after heat-induced deformation ranging from 170°C to 200°C, which conventional epoxy-based thermosets cannot achieve.

Engineers also demonstrated that the material remains highly conductive and can recover its electrical function after being damaged. “Modern circuit boards simply cannot do this,” said Josh Worch, co-lead author of the study. His team designed the dynamic composite with the aim of building a circular economy around electronics. The design addresses a major environmental concern: most circuit boards today use thermosets that cannot be recycled and end up in landfills.

Electronic waste has more than doubled in 12 years, from 34 to 62 billion kilograms, as noted in a 2024 UN report. Despite containing valuable metals like gold, current boards are difficult to break down and reclaim due to the permanent nature of thermosetting plastics. The new vitrimer-based design, by contrast, allows for easy separation and reuse of materials. “Even if the board is damaged,” said Michael Bartlett, another co-lead author, “electrical performance will not suffer.”

More work needs to be done to improve the recovery of some elements, but the advance is a big step toward greener electronics, the researchers say. The technology could one day be in many different types of devices, from phones and laptops to wearables and TVs, changing the way devices are made, operated, and recycled.

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