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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 03, 2021
Page
10
June payrolls rose by 850000, above recent averages, signaling a strong labor market recovery. The Labor Department data show higher wages, more full time hires, and improved consumer activity as restaurants travel and tourism rebound, with White House remarks by President Biden.
The report notes job gains amid higher signing bonuses and flexible hours. Unemployment rose slightly from 5.8 to 5.9 percent in June while the economy remains 6.8 million jobs short of pre pandemic levels. Restaurants hotels and bars added 343000 roles. government 188000. retailers 67000.
TikTok extends to three minutes and Instagram considers full screen recommended videos. Both platforms push longer content to boost storytelling and ad exposure, risking more sponsored content and less feed control as users spend more time watching. TikTok leads with short form yet dominates downloads. Instagram grows with added video formats and algorithmic recommendations.
Major beer makers Constellation Brands Molson Coors and Boston Beer Co rallied as the July Fourth period boosts demand for beer and new flavors. Bernstein sets 12 month targets well above current levels with Boston Beer at 1340 Molson Coors 74 and Constellation 305. Guggenheim names Boston Beer a Best Idea on its valuation. Social activity rises as vaccines spread and Memorial Day sales beat expectations.
Demand in China India and the United States boosts coal use as prices at Newcastle and Qinhuangdao rise over 50 percent year to date. Futures in Australia and China have surged, while safety inspections curb China’s output and imports rise to cover a growing regional power shortfall.
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