Conflicting jobs show that nearly the same number of U.S. jobs were added and lost over the same period of time, further muddying the picture of the U.S. labor market. The surveys, conducted by the Labor Department over a period of three months, are further fueling concerns of a recession. Microsoft’s president said he believes the country has entered a “new era” in which the labor pool stagnates and demand for higher pay becomes the norm. Facebook parent Meta has pulled back on expanding its New York City offices, freezing hiring for some positions due in part to recession fears.

Climbing interest rates across the world are translating to the end of the global housing boom, with the average home price falling everywhere from Canada to Switzerland in May. The world’s central banks are all wrestling with record-fast inflation, driving up rates aggressively to prevent a pullback in economic activity. The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, and markets are already preparing for further hikes amid dark economic prospects.

Democratic lawmakers are demanding that federal regulators crack down on Bitcoin mining in the U.S., saying that miners should report their energy use and emissions. The request follows a congressional investigation that found the largest Bitcoin mining companies in the country use as much energy as every home in the city of Houston. Lawmakers also cited research that a surge in cryptomining is significantly raising energy costs for residents and small businesses in Texas while straining the power grid.

A federal judge has temporarily blocked a portion of federal law being used to protect transgender students from discrimination in states with laws or proposed legislation that would restrict their access to facilities and sports. The Education Department’s Title IX guidance prohibits discrimination based on gender identity and sexual orientation, but the judge said the guidance directly interferes with states’ abilities to enforce their own laws. Advocates are calling attention to intersex youth, who they say are also being hurt by anti-trans legislation.

Americans vacationing in Europe are taking advantage of a strong U.S. dollar, splurging on luxury goods and services while it lasts. Some say they are now planning to take additional trips overseas, even as London’s Heathrow Airport joins other international airports in capping its number of departing passengers, citing an “Airmageddon” of long lines and canceled or delayed flights due to worker shortages.

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