The US economy lost 92,000 jobs in February largely attributed to lower employment in health care ‘reflecting strike activity,’ according to the Labor Department, though even accounting for that, the number was worse than economists expected. Health care job growth has been propping up employment gains in recent months. The economy continues to lose information sector and federal government jobs. The unemployment rate inched up 0.1 points to 4.4%. [CHART: Bureau of Labor Statistics]
Israel Hits Beirut – After mass evacuations in Lebanon’s capital, Israel has launched its heaviest air strike on Beirut since its 2024 war with Iranian-backed militias, The New York Times reports early Friday. Israel also is hitting Tehran while air defenses battled incoming missiles from Iran.
Choose the leader we want … After admitting most of his administration’s favored candidates for replacing the late Ayatollah Khamenei were killed in the initial US-Israeli air attacks last Saturday, President Trump encouraged the Iranian people to choose their new leaders. Then on Thursday, Trump told Reuters in an exclusive phone interview: “We want to be involved in the process of choosing the person who is going to lead Iran into the future.”
Fuel prices … Gas and diesel prices have been steadily rising since the US-Israeli war on Iran began nearly a week ago. The AAA reports the national average for a gallon of unleaded regular was $3.32, up from $2.982 February 27. Diesel – used in trucks that deliver much of the goods we buy, as Trump reminded us during his 2024 campaign -- averaged $4.33 a gallon, up from $3.757.
“If they rise, they rise,” Trump said. The president says he has no intention of tapping the national strategic reserves, currently 57% full, according to APR’s Marketplace, which reports most economists agree with Trump that the increases are temporary – so long as the war is short-lived.
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Gonzales Out – Rep. Tony Gonzales (R-TX) was headed for Texas’ May 26 runoffs after “The AKA Guy” Brandon Harris edged him out in Tuesday’s GOP primary, 43% to 42%. That changed late Thursday when Gonzalez announced he is dropping his re-election bid, leaving the Republican nomination for Texas’ 23rd District to YouTuber and gun manufacturer Harris, Punchbowl News reports.
Herrera will face Democratic candidate Kathy Padilla Stout for Texas’ 23rd District seat, which includes Uvalde. –Compiled and edited by Todd Lassa
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FRIDAY 3/6/26