New jobless claims edged up in the last week, even as impediments to returning to work are easing. Minutes from the Federal Reserve’s June meeting, released on Wednesday, indicate that some members have grown wary of rapidly rising inflation, dividing board members over how to move forward.

Euro-Area Outlook Raised by EU With Warning on Inflation - Bloomberg

Higher inflation is no longer hypothetical—and it has Americans worried - Fortune

@SchwabResearch: Sector Views: How changes in interest rates and style leadership affect stock market sectors.

The rapid growth of the U.S. economy continues to strain supplies for even more goods. In addition to the semiconductor chip shortage that has plagued the automotive and electronic sectors, shortages abound among those selling patio furniture, chicken wings, and other food items such as flavored syrup, canned beer and sodas. Blood centers across the U.S. continue to plead with the public to donate blood, which is in such short supply that many hospitals have been forced to postpone their surgeries.

Everything You Need to Know About the Great Lumber Crisis of 2021 - Vice

How to buffer against an urban food shortage - Nature

@TIME: From cars to toasters, America's semiconductor shortage is wreaking havoc on our lives. Can we fix it?

Japan’s prime minister has declared a state of emergency aimed at containing rising infections in Tokyo, meaning that all fans will likely be banned from viewing the Olympics from any venue. A ban on serving alcohol will likely tone down Olympic-related festivities, while Tokyo residents are expected to face stay-home requests.

Australia's slow vaccination, locked borders eclipse early virus success - Reuters

Phuket draws tourists despite rising Thailand virus cases - Associated Press

The post-pandemic return-to-work has provided a fresh opportunity for proponents of the four-day workweek to make their case. New York-based crowdfunding platform Kickstarter will implement the shorter workweek as a way to provide workplace flexibility outside of offering remote work. Researchers dubbed trials of a shorter workweek in Iceland an “overwhelming success.”

Is Thursday the new Monday? Flexible working is in flux - Star-Tribune

@k8em0: We have a 4 day work week and 2 company-wide paid 2 week shutdowns per year, in addition to other holidays and PTO. It takes discipline and I’ve had to defend the sanctity of email-free weekends (from excited employees or contractors) but it really does help enhance focus.

Consumers are splurging on products that highlight a move away from quarantine routines. Eye makeup, teeth whitener kits, false eyelashes and lipstick were up at least 20% over a year ago, while online resale sites and donation centers across the country say their inventory is growing even more as consumers purge their wardrobes of sweatpants and loungewear.

Moths ate the clothes you stashed away during the pandemic, so this Boston weaver is busier than ever - Boston Globe

Record Everything in U.S. Stock Market, Including Retail Froth - Bloomberg

The pandemic has changed the clothes we shop for - Marketplace

"It’s unclear whether state cuts to unemployment benefits got people back to work in June" - CNBC / Source: State announcements and websites

CONTENT FACTS

Turbine Labs has tracked 17,177 media articles and blogs and 21,329 social media posts over the last 24 hours.

The next Turbine Labs Leadership briefing will be delivered on Friday, July 9 at 9:30AM EST.

Questions or feedback? Don't hesitate to reach out to us directly.