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ARTICLE · 09 JULY 2021

What We're Reading This Week [July 5, 2021]

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CNBC analyzes the Labor Department's latest jobs report, which showed 850,000 jobs gained in the U.S. in June, much higher than economists expected.

United StatesInsolvency/Bankruptcy/Re-Structuring
Joshua R. Gross
Joshua R. Gross
Sean Scott
Sean Scott
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Aaron Gavant
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CNBC analyzes the Labor Department's latest jobs report, which showed 850,000 jobs gained in the U.S. in June, much higher than economists expected. The hospitality sector, particularly bars and restaurants, accounted for the largest share of employment gains, with education and professional services also seeing increased employment. The article notes that hiring has accelerated as Americans continue to "return to normal," and GDP growth for the second quarter of 2020 may end up approaching a staggering 10%. [CNBC; July 2, 2021]

The Wall Street Journal discusses the resurgence of coal as an energy source. Electricity consumption has surged as many countries emerge from the worst of the pandemic, and the shift towards electric vehicles has further increased demand. With prices of alternatives like natural gas rising, and renewables still unable to meet demand, countries are turning to coal as a reliable energy source to satisfy consumer needs and avoid

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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