continuing to be a tight place. we re talking about this concern from employers now for several months, the fact this is the tightest jobs market they ve ever seen pushing wages up. 372,000 jobs much better than the expectation. so many people are questioning how it is possible that we can generate 372,000 jobs even in potentially a recession, which is where we are potentially right now. look, what you want to look at in this report is wages. they have slowed for a third month in a row. exactly what the federal reserve wants to do. wages were up 5.1% but down from where we saw the wage number the month before. again, a slowdown in the pace of wage increases for a third month in a row. you ve got to also take a look at the fact that we ve got the participation rate st 62.2%. we continue to see the
0 weeks, how i grew up as a southern baptist, and actually it seems strange to say now but baptists, until 1979 yes. let s be clear, almost 2000 years after jesus s birth found religion on abortion and became pro-life. as i said, mainstream evangelical churches were pro-choice like after the beatles broke up. and i say even after the beatles broke up. this just happened. and not only did it just happen, and the grand sweep of the history of christianity, it happened in somehow because of what paul wyrick and jerry fallwell, and what conservative ministers were trying to do to separate voters from the southern baptist, jimmy carter. suddenly abortion went from not being an issue at all to being the central issue. it is such a clear perversion and again if you just look at the history of christian theology over 2000 years, how did it become the center piece without these church leaders who were pro-choice when i was in high school, without them being called to account to to answe
62.2% is the labor force participation rate. reason that is, it is lower than the previous month. as to those unemployed, the underemployment rate, that ticked slightly higher from 6.9% to 7%. as for the sectors and industries that are leading the job gains right now, it continues to be leisure and hospitality gaining 78,000 jobs. manufacturing added 55,000 and transportation and warehousing services added just around 52,000. by the way, construction was flat in terms of jobs growth. so on balance, mika, i m not sure how this report overall will change any kind of narrative when it comes to either the federal reserve in its campaign to raise interest rates to fight inflation or the biden administration in its plans for the economy going forward. this is really going to be very
40-year highs. federal reserve is raising interest rates. what else about this report? the participation rate. that means the people actually participating in the jobs market, 62.2%. that went the wrong way. it should have gone up. people want to see folks get back to work. you ve got 11 1/2 million open jobs right now. so that s a negative. i will just say you have six figure salaries at some really great places right now. truck drivers, drivers, huge demand. there are jobs to be had. healthcare, technology, entry level. also seeing wages up. so there are some definite positives going on but overall this report, while good, not good enough for investors worried about that inflation story. that s why the dow is down another 200 points after a worst sell-off yesterday in two
the jobs report next hour. but it is going to be interesting to see what he says. it may soon become difficult for them to keep blaming problems with the economy like inflation and like the crimped supply chain on covid based on what we re seeing here. back to you. dana: peter doocy, thank you. it has been confusing that is why we have fox business anchor maria, the host of sunday morning futures, who is able to join us now machltria, when you saw the number, what was your first thought? dana, good morning, this is a great number. it is a good number 467,000 new jobs created versus expectation of 150,000 jobs blew away expectations, that is good news. also good news is participation rate went up, looking at 62.2 in participation rate. what does that say? people are beginning to go back to work and beginning to go back