likely to go higher after opec plus announced it will cut oil production by a shocking 2 million barrels a day. dana: now the biden administration is walking an economic tight rope. if the economy heats it it could make the inflation worse. if it cools down the risk of a recession gets more likely. fox team coverage this morning. larry kudlow standing by with the big picture. let s go to edward lawrence at the white house breaking down the numbers for us. this was a very good jobs report and could be part of the problem. it will likely keep the federal reserve on course to have aggressive rate hikes at the next meeting the first week of november. the unemployment rate went down to 3.5% tying historic lows because more people dropped out of the workforce. now leading the way for job creation, leisure and hospitality adding back 83,000 jobs in september. the sector is 1.1 million jobs below february of 2020 levels. manufacturing added 22,000 jobs. president likes to say he
decades. plus the search for answers continues after a deadly stab ing attack on the iconic las vegas strip. and the justice department reportedly does not think the former president trump has returned all of the documents he took when he left the white house. we begin with another job growth story. it s starting to slow. the government reported this morning that employers created 263,000 new jobs in september. it s in line with expectations. the unemployment rate fell to 3.5%. let s break it down. the hispanic unemployment rate fell last month. it s now at 3.8%. the black unemployment rate is now at 5.8%. and wheal we ll have more to say save about the economy today. wall street, not thrilled with the news. it s down about 500 plus points, as you can see right now, as it means the federal reserve could continue raising interest rates to fight rising prices. as you see it, it s dropping a little more than 500 points at this hour. with us now to talk more about this is nbc
the economy with its new plan to cut tax and increase borrowing. don t forget, don t forgive. the only way to stop this is with a labour government. applause and nasa has deliberately flown a space craft into an asteroid to push it off course in the first test of a planetary defence system. voting has ended in widely discredited referendums organised by russia in four occupied regions in ukraine. as expected, russia is claiming that an overwhelming majority of residents are in favour ofjoining russia, but not all the votes have yet been counted. ukraine and the west have condemned the five day vote as a sham and an attempted land grab by moscow. russia s president claims hejust wants to help people living there. nearly four million people from the eastern regions of donetsk and luhansk and the southern regions of kherson and zaporizhzhia were to attend polling stations and vote. the areas in question represent 15% of ukraine s territory roughly the size of portugal. b
aide move boxes of documents at trump s request this happened for the fbi search, he the t is hot, i want to focus on january 6th. something that became abundantly clear during the committees file a public hearing is that the la-z-boy was to capital get sacked on tv, probably in an actual la-z-boy, he completely advocated his duties as president. listen, we saw we had a commander-in-chief and that. they heard a name was nancy pelosi. i have something to say, mister secretary i am going to call the mayor of washington d.c. right now and see what other departments have said. and also, that we can deliver the good news that you are now going to, instead of blocking the national guard it is still not safe enough for us to go back and they are still trying to penetrate the building. it is not a safe thing because we are trying to figure out how we can get this job done. i worry about you being at the capitol. i am not capital building, i am literally standing in the capitol
the u.s. economy, which used to be the envy of the world is in the most serious trouble since the great depression. inflation is rising, standard of living is declining. tremendous inflation and not much growth. the country was not in a great depression but the united states is in the dumps. wall street was cold, gray, wet, and miserable. there was no comfort to be found outside for investors there was not much inside. the tickers carried almost nothing but bad news. we would have a terrible decade for investing. people were skeptical of the stock market. it was a sleepy wall street. most economists expect a serious recession with at least 2 million more americans losing their jobs. regret to say we are in the worst economic mess since the great depression. from the first moment of his presidency, president reagan let him know that his top priority is the nation s economy. i put a freeze on pending regulations of the task force under vice president bush to revie