The job market improved in June, as employers added 288,000 workers to their payrolls and the unemployment rate fell to 6.1 percent. In another welcome development, the ranks of the long-term unemployed declined.
On the first night of Ramadan, the Islamic State of Iraq and Syria announced it would change its name to, simply, the Islamic State, declaring that the land it had captured in Syria and Iraq constituted a new caliphate. The group's leader is trying to use this new narrative to wrest control of the global jihad from al-Qaida.
The World Health Organization is wrapping up an emergency meeting with officials in West Africa about the Ebola virus. Local health ministries are saying they don't have enough funds to help contain what is now the largest and deadliest Ebola outbreak on record.
Immigration protests are expected to continue for some time in Murrieta, Calif. After protesters turned away buses of undocumented immigrants bound for a processing center, the town now finds itself at the center of the political debate on immigration.
The improving labor market in June did not translate into significant pay hikes. Wages were just 2 percent higher compared with a year ago. Consumer prices have been rising at a 2.1 percent rate.