progress. progress that is pulling our economy out of the worst crisis it s fwbeen in 100 years. we re going to hit bumps along the way. of course that will happen. we can t reboot the world s largest economy like flipping on a light switch. there are going to be ups and downs. christine romans is joining me with details on the new jobs report. so what is your take on the numbers? what do you see? it s solid. there is a lot more work that needs to be done. at this pace, it would take a year, almost 14 months to get all the jobs back lost in the covid-19 crisis. so more work does need to be done. you can see there, 559,000 is better than we saw in april. . that had been a big disappointment. the jobless rate, the hiring is
you talking about the job numbers that came out. 559,000. lower than expected. enjoy your weekend. i ll be on the weekend brian you are welcome to come. we ll have the good time. will cain, charlie shimkus. we ll see you all. happy friday. we have two seconds left. bill: 9:00 in new york. may jobs report is in. news is good, not great. we added more than half a million jobs. that number falls short of expectations. analysis now. good morning, dana has the week off. it is friday. a big welcome back to you, gillian. gillian: thanks for keeping me around for day two. i will try and not fall too short of expectations this time around. bill: terrific yesterday and repeat it today. gillian: this is america s newsroom. the labor department is now announcing the u.s. gained 559,000 jobs in may.
and may god bless you and god bless america and may god protect our troops. thank you all for being here this morning. on the infrastructure bill. president biden: i ll be having talks this afternoon and be able to report after that. i ll tell you after i meet this afternoon. have you talked to dr. fauci? bill: the headline. this is progress talking about the jobs number that came out earlier today. the infrastructure question he denied to answer that one. the friday money team is here perfect for today. steve, how was it? 559,000, how do you characterize it? first of all, bill, i have to say how do you give a speech like that and not mention donald trump and not mention the vaccine? the story of american recovery is operation warp speed and the vaccine. every american knows that. joe biden didn t develop the
brand-new president. his party had to be all on deck for his first big bill. i understand it. but it s an awful lot of money that is not paid for. our kids, grandkids and their kids are going to pay that bill. it is time to start living within our means and that means cutting taxes not cutting taxes but cutting spending. it is time for some sort of fiscal responsibility to show up in washington, d.c. bill: if he cut taxes he would probably get some republican votes, don t you think? he probably would. i won t hold my breath on that one. bill: we re waiting for president biden. he went to delaware and make an address on the jobs number and see what he has to say whether you can claim progress with the 559,000 jobs. a decent number but not nearly where a lot of people hoped.
thanks. and for the american people. this morning we learned that in may our economy created 559,000 new jobs. unemployment rate fell to 5.8%. and wages went up for american workers. that means we have now created over 2 million jobs in total since i took office. more jobs than ever been created in the first four months of any presidency in modern history. triple the rate of my predecessor. unemployment rate is now below 6% for the first time since the pandemic hit. first 14 months, first time in 14 months we saw the largest decline in the number of long term unemployed in more than an entire decade, last ten year just lock term unemployment dropped by the second largest amount ever recorded and the signs of progress are already here. this report is based on a