the numbers are 6.1% is the unemployment rate. that is almost six-year low since september of 2008. as far as jobs added, nonfarm payroll jobs added, 288,000 versus estimates of 250. a lot of people were surprised by this number. you have many months where you re above the 200 mark and that s good news. then you have the weekly jobless claims. get your pen and paper out. too many numbers. 315,000 weekly claims. that number you want it to be really low. you don t want people going into the offices and filing claims as they need unemployment and that they re out of a job. that came in at 315 versus estimates of 313. the big picture here is that the labor department and the jobs that we ve been seeing have been going in the right direction. so people aren t necessarily getting the jobs they want. not getting paid what they want. services continues to go up. we re seeing rising gas price. gas also hitting a pretty darn high for the first time in a
than you might realize? plus, as a border battle unfolds over the latest influx of undocumented immigrants, homeland security secretary jay johnson says there s a humanitarian aspect that the country has to come to terms with. we re going to get reaction from one of his predecessors at dhs, former pennsylvania governor, tom ridge. good morning from washington, it s thursday, july 3rd, 2014. this is the daily rundown. right before the independence day weekend begins, we ll also have more details on the june jobs report. a blockbuster one, at least these days. a 288,000 increase in jobs. another drop in the unemployment rate, down to 6.1%. the lowest since the economic crash of september, 2008. we ll have much more on that throughout the show as well, but let s start with the developing situation off the coast of the carolinas. the first named hurricane of the season is churning closer to north carolina s outer banks. and it s likely to be a disruption this july 4th weekend for milli
not just families changing plans. east coast cities are changing some of their fourth of july schedules. boston will hold its independence concert and firework show a day early. they realized setting up for tonight s celebration will affect work but they have no choice. people are being urged to use public transportation and stay safe. there is a massive wild fire in wine country, company california. more than a thousand firefighters are working on the fire and it is 30% contained. temperatures could reach the 90s today and expected to be above normal for the rest of the week. brand new jobs out with american employers adding another 288,000 jobs and that
call your carrier before you head out to the airport. kate? absolutely right. jason, thank you so much. breaking news at this hour, the labor department just releasing the june jobs report. let s bring in chief business correspondent christine romans. christine, this is one of those key economic indicators we re always looking at. it s strong, it s 288,000. it s much better than the expectation. 288,000 net new jobs created in the month of june. that s more than the economists had been expecting and shows you this trend, kate, of now several months of more than 200,000 jobs created, so that s a strengthening trend that you want to see continue. the unemployment rate also fell. the jobless rate fell to the lowest since i think september 2008. the forecast had been for 6.3%. instead we got 6.1% so that s a lower than expected unemployment rate. so that s the kind of trend you want to see and it shows us, kate, that we ve been slowly, slowly healing from that bad recession. you sa
across the board increase. 288,000 is a good number any way you cut it. sort of no bad news in this. but you have to have at least 150,000 or more jobs added just to make up for, you know, attrition. just to make any progress. i think it is good news. it comes after several months of good news. but there s still 3 million long-term unemployed. still a lot of people who involuntarily are in part-time work. a lot of people who the economy doesn t feel very good. that i think is part of the problem here. and, you know, labor participation rates need to move up in order for a lot of people have dropped out. they feel this is an improvement. so it could be happening, but we are not there. and i think that s right. the labor participation rate is still very low. it s about where it was in august 2008, so it hasn t rebounded. i think you are right. people experience the economy not based on numbers but whether or not their neighbors have jobs, when they go to walmart or