affecting people in california. and so if there is any relief down the line in the future, that is a good thing. will carr, we ll keep the ash off of you. get him a hard hat. bureau of labor statistics said the unemployment rate dropped to 6.1 percent thanks to employers adding 288,000 jobs last month. it is the first time since the january of 2,000 that we have sewn total job growth for five consective months. and stocks responding to the job s report and crossing 17,000 for the first time ever. and they seem to be holding there right now. and 17, 068. and the economy cannot turn the corner because of the income tax. it has chased out of the country
what is behind the spike in jobs? and jonas is here why you just might want to run for the hills. we begin with tracy. so everybody can breathe a big sigh of relief, we hit 17,000. it was a broad-based rally today. financials led the way. interest rates up. banks start to do better. the jobs number. that was part of the catalyst as well. 288,000 jobs created. also had text mart up 13%. let s talk about to your point, how we got from 16,000 to 17,000, which the seventh fastest climb in history thus far. look at who led us there. the fed. right extra keep pumping the money, the market will keep going higher but caterpillar, up 35%. disney, can anyone say frozen? up 24%.
right now? reporter: it s still nice. sun is out and that s attracting huge crowds to the beaches on the northern outer banks. local and state officials warn that waters are potentially treacherous warning about potential for rip currents. listen. don t put your stupid hat on. usually most injuries occur right before a storm or right after a storm. so especially on the coastal area, we want to make sure people don t try out the great waves right before the storm comes even though they are good waves, we don t want you to go into the ocean. reporter: as you look down the beach you notice very few people venturing into the water and those who do are staying very close to shore. shannon? jonathan, be safe out there. thank you so much. the labor department releasing a positive jobs report for the month of june. it shows the economy exceeded expectations by adding 288,000 jobs. unemployment fell to 6.1%,
street oftentimes looks at it a little bit differently, and as far as the jobs number goes, now that sort of bar of expectation is being raised, so that 288,000 jobs that were added in june, wall street would like to see now a number with maybe a three in front, if you saw a three in front, one trader told me you may see a stronger response at the open. once again the opening bell ringing in a little less than 30 minutes. we re a little closer to the 300,000 mark. 200,000 was kind of a big benchmark so christine, alison, thanks to you both and we ll check back in with you, alison, in a little bit. now to arthur, and millions of americans nervously watching and bracing for what has become a hurricane. it s churning off the coast of south carolina, bearing down on fourth of july celebrations, all the way to new england. right now, this is a category 1 hurricane, upgraded from a tropical storm just hours ago, strong enough to force evacuations along north carolina s outer banks and de
the lab department says 288,000 jobs were added last night. the unemployment rate slipped two notches to 6.1%. that s the lowest in nearly six years as well and wall street seems to be responding fav favorliabfavorabl favorably. the dow jones industrial average crossed the 17,000 threshold. i want to bring in ron insana joining us on vacation. april and may jobs nubs also revised up by 29,000, we have now had five straight months of 200,000 or more jobs, the best is the boom of the late 90s. i know you always try to keep us honest on these numbers, but it would seem at least at first blurb that this is a good jobs report. we have now hit full blown hiring, what do you make of these numbers? i wouldn t call it full blown