Good morning, I'm Taylor Wilson, and this is five things you need to know Monday the 10th

of July 2023.

Today, the Treasury Secretary takes the bad with the good from recent jobs numbers, plus

why some Asian Americans in tech are suing.

And we hear about efforts to keep the Colorado River healthy.

Treasury Secretary Janet Yellen expressed cautious optimism about the U.S. economy on

CBS's Face the Nation yesterday.

She said the country appears to be on the right path to bring down inflation.

And critically, she also said that a recession is, quote, not completely off the table,

unquote.

That's after the June jobs report was the weakest showing since December of 2020.

According to the National Bureau of Economic Research, a recession is a significant decline

in economic activity spread across the economy and lasting more than a few months.

But Yellen added that the jobs report was to be expected, given the labor market's expansion

in recent months.

She also attributed the labor market to President Joe Biden's economic policies, which she said

contributed to a dramatic rebound of the U.S. economy.

In a series of recently filed lawsuits, a number of Asian Americans denied leadership

roles in Silicon Valley, say that racial biases have shut them out of management and executive

positions with greater power, profile, and pay.

I spoke with USA Today's senior reporter, Jessica Gwynn, to learn more.

Welcome back to the show.

...