a lot of people here will be giving moving tributes not just today but in the days ahead. we will bring you that live as we see it. it begins in the next hour. we ll bring you the full ceremony. first, inflation spiking to a 39-year high. we ll get reaction just ahead from white house economic adviser heather boucher. stay with us. [suitcase closing] [gusts of wind] [ding]
to bear. andrea? gabe, it s just an extraordinary and just thanks for persisting and with the cell tower covered it must be pretty bad there. there s insurance to rebuild, no insurance for heartbreak. thank you, gabe. and to the hiring slump. new numbers showing the delta variant s impact on the job market is the expanded unemployment benefits. white house economic adviser heather boucher on the numbers next. this is andrea mitchell reports on msnbc. low cash mode on virtual wallet from pnc bank.
moratorium being over as well as kids going back to school because that s been holding back parents from going back to the workplace and lastly, wages and this is a big positive going up. we ve been waiting for that for a long time. when you factor all of that in together we could start seeing more people go back to the workforce, but we have to keep remembering all of this economic recovery is directly tied to covid, and we are not going to be out of the woods and back to normal until covid is behind us and you know it is not. and so one of the big messages is get vaccinated despite the breakthroughs, vaccinations make a huge difference. thank you so much, stephanie ruhle and joining me now is heather boucher, a member of the white house council of economic advisors. i do appreciate it. first, does the white house have any plan to put any stopgaps in place to extend unemployment benefits in place of congressional action given the setback to the recovery amid this delta spread? and
of fears of the economy heating and rising inflation? i think today s report makes clear that the president has a plan and it s working. with the resurgence of the delta variant, we could have seen us in a much worse position now, but because we ve had all of the support out there and we ve been focused on getting people back to work, things are looking pretty good relative to where it could be. a year ago, the congressional budget office thought we would have an unemployment of 8%. so i take all of that to mean the plans that we ve put in place are working and the plans that we have to make sure that we fully recover, that we support families, that we make those investments in infrastructure that we need to make that this is the right agenda and will help us pull out of this pandemic and to use the president s words, not just build back, but build back better. thank you so much, heather boucher, and a happy labor day weekend to you. you, too. thank you. and coming up, copycat