labor department is going to present job s number, substantial job growth, half a million is the expectation. august was not very good. it was like 235,000 jobs but they say the reason that was so low was because that was at the height of the delta wave. they are hoping as we are kind of the backside of the wave the number ainsley: you heard what raising cane s is doing. we interviewed the co-coo and coo and they have 31 locations across different states and they have asked headquarters which i believe is in louisiana, 50% have volunteered to go into restaurants in the country because they are short-staffed, all of them are fried cooks and cashiers and says in every single one of the titles so they are all trained for this but the coo and ceo that we interviewed, he said i m so proud of the loyalty of my workers.
disappointed by schumer s remarks. this bill heads to the house where it must pass before going to the president s desk. we will see what happens meanwhile, the president hopes to avoid a repeat of last month s disastrous jobs numbers when the economy added a mere 235,000 jobs. well short of the projected 700,000. today s economists are forecasting 500,000 new jobs and a 0.1% drop in unemployment to 5.2% to 5.1%. the projection due in part to subsiding covid cases. but if they fall short again, look for the president, perhaps, to blame the pandemic after he praised vaccine mandates on the road yesterday. we will find out these numbers come out at 8 o 30 this morning. brian, ainsley, steve? brian: thanks, griff. great camera work by joe manchin. picking up joe manchin in the back. i don t think he knew he was on camera. steve: shaking his head. brian: working behind the scenes guys, can we not default on the debt?
235,000 jobs. but the unemployment rate did drop from 5.2% in august to 4.8% in september. let s bring in dominic chu. i just don t think i ever remember a job market like this where the unemployment rate s below 5% and you have a low unemployment rate but more job openings, i think, than ever before and you still have employers saying we can t fill all the positions that we have. what s going on with this market? it s crazy. first of all, the market reaction has been relatively muted given the huge disappointment that you saw in the numbers there. that s a huge shortfall versus economist expectations. the interesting thing you wonder how much of the market really is focused on this particular jobs number as opposed to, say, maybe the drama in washington, d.c.,
going back yet. so i wouldn t freak out about this one kind of bad number, because it repeated in october and november, if we don t see an uptick in the overall jobs number, then you ve got a real problem. this one i would say, crummy, wish it was better, but there are better days ahead. we ve got a real problem with labor force participation and getting people back into the labor force, particularly women. as you noted earlier, we re still dealing with kids at home. they still don t have all the childcare in place that they need, some structural problems that the economy, that the biden administration is trying to deal with. but we have not hit that point in this recovery where, you know, jobs start flooding back in, and we get, you know, full recovery from covid-19. we may get there, but we re not there now. robin, there is a correction in this report on last month s jobs numbers. we initially saw 235,000 jobs
this is some measure of accountability for them. thank you, fred. let s get a check on business. a look at markets around the world, relief. markets in china on holiday. wall street, futures up a wlil bit this morning. talk of some kind of solution on the debt ceiling means gains on wall street. started yesterday. the dow closed up 102 points. the s&p 500, the nasdaq also eked out gains. some good news in the job market to tell you about. a private sector payroll report showed 568,000 private sector jobs were added last month. that s easing some concerns about what we could see tomorrow from the big government jobs report for september. economists predict about 500,000 jobs were added back to the economy. that would be a big improvement from only 235,000 jobs in august. and the jobless rate is expected to slip to 5.1%. economists are hoping, hoping that widespread vaccination rates and rising wages will get people back to work, especially