biden pointing to today s better than expected jobs report as proof that the economy is getting into this period of sustained growth, right? a pretty healthy good period even as he continues to face criticism. the jobs report, 390,000 of them were added last month. a lot more than the 325,000 expected by economists. so good news on that front. unemployment held steady near historic low of 3.6%. the unemployment rate for men and women is at 3.4%. that good news is countered by yet another record high in gas prices. with the current average, 4.76. i m doing everything i can on my own to help working families during this stretch of higher prices. i m going to continue to do that but congress needs to act as well. we can do so much more if we come together to lower the cost for american families. nbc s josh lederman is with
fun kicks off on saturday, right? that it s right. so much to look forward to not only the derby tomorrow, the concert, and again picnics not only in london but across the country. a four day holiday weekend. we saw yesterday people were out and about and thankfully we had this beautiful, lovely london weather which we don t usually have so waste time for people to get out and enjoy especially after so much time during the pandemic that people to celebrate. carley: it is historic and exciting, alex, and prince andrew hasn t been in contact with the queen since he has been testing positive for covid-19. but prince louis stole the show s show yesterday. turning to some news at home, gas prices hitting a new record high for a second date and an average gallon $4.76 a gallon.
turnabout and recognition from the white house that they need saudi arabia to help isolate russia and of course also on the oil issue. all right. natasha, thank you so much for your reporting. so opec s boost an important win for the white house. but it hasn t stabilized oil prices at least not yet. oil prices spiking after the announcement. u.s. crude jumping 1.9% to $117 a barrel. gas prices breaking records almost every day now. aaa reports the national average for a balance of unleaded is nw $4.76. head of the international agency watchdog group says we have an oil crisis, gas crisis and electric crisis and will probably last longer. so difficult to stabilize energy prices. and coming up next, day 100 of the war in ukraine. hard to believe it has been 100 days. but what does vladimir putin
worries about layoffs to come and job cuts in the face of job creation in may. good number, solid job growth but it overstates the strength of this recovery because it s about the consumer. the consumer is working down. the savings rate has plummeted. jamie diamond has consumers have 6 to 9 weeks nreft money in savings and at that point we ll see a serious shift in consumer spending. that s what it s about. consumer spending represents 2/3 of economic growth. bill: gas hit another all time high. every day, maria. it is one after the other. now at 4.76 a gallon. just remarkable. on the jamie diamond comment i heard two things this week. he said americans have enough money to spend for the next 6 to 9 months as you pointed out. the head of american express
todd: the high gas prices, joining us with the latest on the inflation, brooke. hey good morning, carley, todd appeared the americans are feeling the squeeze and economists say we are on fast tk to pay $5 a gallon for gas across the nation. just yesterday the national average price had another record high of $4.71. but guys, we are hitting a new record high with national average gas price up $0.05 from yesterday sitting at $4.76 per gallon. prices are getting so bad, even democrats are calling for the biden administration to take action. california congressman saying in a new york times op-ed there is way more biting can do to lower prices. you can t just point the republicans for a lack of a plan. and white house chief of staff under bill clinton leon panetta says biden needs to own up to