inflation? there are different ways to look at this. so for americans it means the hiring continues, 263,000 jobs and it was pretty broad-based hiring, but when you look at the trend, poppy, it is the slowest pace of hiring since about april 2021, it matches april 2021. so when you look at that nice bar chart you can see slowing jobs growth and that s exactly what the fed is looking for. it s been raising interest rates now for six months and it actually takes about six months for monetary policy to effect these kind of economic statistics. back in march raised interest rates 25 basis points, now this is where we are in september. but the jobless rate fell back to near that 50-year low of 3.5%. that s near full employment and we ve seen from other statistics people who want a job have a couple of jobs to choose from really in this economy here. so 3.5% still low across the board hiring. leisure and hospitality 83,000, health care 60,000. now you are back to pre-pandemic lev
market could be a plus for the fight on inflation. we ll talk about why. but let s start with the president s chilling warning on the increasingly disturbing nublt nuclear threats from vladimir putin. president saying, quote, we have not faced the prospect of armageddon since kennedy and the cuban missile crisis. i don t think there is any such thing to use a tactical nuclear weapon and not end up with armageddon. jeremy diamond joins us and alex mar court following all of this. jeremy, let me begin with you. not expected by the white house, i think those around the president that he would say this and he said it as a fundraiser. so not on camera here in new york. but reporters were there and i think stunned to hear what the president said. reporter: yeah, that was a stark warning from the president of the united states. perhaps one of the most stark warnings that we ve heard so far about the elevated risk which is real and there is real concern within the administration
in china. its worst day in almost six years. from iphones to auto, global brands rely on china for growth. a slowdown in china puts their earnings at risk and the slow down could be take its toll on the u.s. economy. as a manufacturing reports shows a demand for american-made product could put a pause on the federal reserve to raise rate hikes. the u.s. econwaem a 312,000 jobs in december. the unemployment rate rose to 3.9% and that s because more than 400,000 people came into the labor force. and the fastest pace since 2009 and beat economists expectations. fed chief jay powell said the economy has good momentum and said the central bank will be