Business
The jobs report suggests President Biden is right about a recession.
The strong jobs report was welcome news for President Biden, who has insisted in recent weeks that the United States is not in recession, even though it has suffered two consecutive quarters of economic contraction.
But the report also defied even the president’s own optimistic expectations about the state of the labor market — and appeared to contradict the administration’s theory of where the economy is headed.
Mr. Biden celebrated the report on Friday morning. “Today, the unemployment rate matches the lowest it’s been in more than 50 years: 3.5 percent,” he said in a statement. “More people are working than at any point in American history.”
He added: “There’s more work to do, but today’s jobs report shows we are making significant progress for working families.”
The president has said for months that he expects job creation to slow soon, along with wage and price growth, as the economy transitions to a more stable state of slower growth and lower inflation.
“If average monthly job creation shifts in the next year from current levels of 500,000 to something closer to 150,000,” Mr. Biden wrote in an opinion piece for The Wall Street Journal in May, “it will be a sign that we are successfully moving into the next phase of recovery — as this kind of job growth is consistent with a low unemployment rate and a healthy economy.”
White House officials prepped reporters this week for the possibility that job growth was cooling, in line with Mr. Biden’s expectations. The expectations-busting job creation number appeared to surprise them, again.
But Mr. Biden will almost certainly cite the numbers as evidence that the economy is nowhere near recession. He and his aides have repeatedly said in recent weeks that the current pace of job creation is out of step with the jobs numbers in previous recessions, and proof that a contraction in gross domestic product does not mean the country is mired in a downturn.
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Business
Deadline Aug. 5: Center for Black Entrepreneurship Opens Paid Internship Program for AUC Students
(ATLANTA — August 3, 2026) — The Center for Black Entrepreneurship is accepting applications for its 2026–2027 Paid Internship Program, offering students across the Atlanta University Center an opportunity to gain hands-on professional experience while supporting programs designed to empower entrepreneurs.
The internship program is open to eligible students attending Spelman College, Morehouse College, Clark Atlanta University and Morris Brown College.
Available internship opportunities include:
- Marketing and social media
- Photography and videography
- Administrative operations
Selected interns will work alongside Center for Black Entrepreneurship staff and industry partners while gaining real-world experience in entrepreneurship, marketing, event management, operations and program administration. Interns will also have opportunities to strengthen their professional skills, expand their networks and contribute to events and initiatives serving the AUC community.
Who Is Eligible?
Applicants must:
- Be a sophomore, junior or senior
- Be currently enrolled at Spelman College, Morehouse College, Clark Atlanta University or Morris Brown College
- Maintain a minimum cumulative GPA of 2.75
- Attend mandatory team meetings on Mondays at 6:30 p.m. and Thursdays beginning at 5 p.m.
- Be available for occasional evening and weekend events
- Commit approximately 10 to 15 hours per week throughout the academic year
Required Application Materials
Students should be prepared to submit:
- A résumé
- A professional biography of at least 200 words
- An official or unofficial transcript
- One letter of recommendation
- A portfolio or work samples for photography and videography or marketing and social media positions
The deadline to apply is Wednesday, August 5, 2026, at 5 p.m.
With the deadline quickly approaching, interested and eligible students are encouraged to gather their materials and submit their applications as soon as possible.
The Center for Black Entrepreneurship is a collaborative initiative serving the Atlanta University Center and working to strengthen the pipeline of Black entrepreneurs through education, mentorship, professional development and access to entrepreneurial resources.
APPLY
(RICHMOND – February 23, 2026) – Black-owned newspapers are disappearing before our eyes.
Historic institutions that once carried our stories, defended our dignity, and documented our victories are folding across the country. Newsrooms that anchored neighborhoods for generations are going quiet. Seniors who relied on the printed word are now being forced into a digital world that did not wait for them.
This is not just a Black problem. It is not even just an American problem. It is global.
Technology disrupted everything.
We once used pagers. Then cell phones replaced them. House phones became optional. Now news lives in the palm of your hand. A single influencer with a smartphone can reach more people in seconds than a newsroom once could in a week.
The game changed.
Years ago, The Baltimore Sun recruited me to blog for them. Soon after, their reporters were required to shoot video on their phones. The thing is — I had already been doing that. Innovation wasn’t new to us. We were early.
But disruption leaves casualties.
When a Black newspaper closes, something more than a business disappears. Institutional memory vanishes. Accountability weakens. Community narrative shifts into someone else’s hands.
That void is dangerous.
That is why we built BlackUSA.News.
Not as nostalgia.
Not as resistance to change.
But as adaptation with intention.
I have worked in the Black Press since 1994. I have seen what happens when we control our story — and what happens when we don’t.
BlackUSA.News is our answer to this moment.
We are not watching the Black Press die.
We are rebuilding it — digitally, nationally, unapologetically.
And we welcome all who are ready to build with us.
Deadline Aug. 5: Center for Black Entrepreneurship Opens Paid Internship Program for AUC Students
N.C. A&T to Host 100th Greatest Homecoming on Earth Virtual News Conference on Friday
BlackUSA.News Unveils New National Platform Connecting Readers to America’s Leading Black Media
Gospel Legend Calvin Bridges Celebrates 50 Years of ‘I Can Go to God in Prayer,’ a Song That Helped Shape Black Gospel Music
Crawford Family Donates $2 Million to Spelman and Morehouse to Expand Opportunity for HBCU Students
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