Very much. And that was some greeting we had in North Carolina. Ill tell you, i dont know if you saw the crowd outside, its pretty amazing. But we had it in texas and ohio, South Carolina and florida its just incredible whats happening please sit down. Please. And im honored to be in North Carolina, the presence of true american heroes, as we commemorate the 75th anniversary of the american victory in world war ii and a victory it was. On september 2, 1945, the great general Douglas Macarthur accepted japans Unconditional Surrender aboard the u. S. S. Missouri in tokyo bay. It marked the end of the deadliest conflict in Human History and the ultimate trial of american freedom. It was a big day. It was a great triumph, great country. And our country is greater than ever before thats whats happening and its what it is. With a greater military, where the greater military than weve ever had before. [applause] were deeply moved to be joined this afternoon by world war ii veterans all of who
Lets dig into the numbers. Paul is joining us right now, a professor of economics and a nobel laureate. And michael mckee. He broke down the payroll numbers early on. Eye,his really caught my the Unemployment Rate. Mike more people in the Household Survey got jobs, fewer people laid off, even though the labor reports rose during the month. Overall, as you mentioned, 1,370,000 jobs created, the forecast was for 1,350,000, so the economists got it right with their consensus forecast. In the biggest jobs categories, retailing at a 249,000, professional services 197,000, 147,000 in education, and 134,000 food and drink workers got their jobs back, but that still is 2. 5 million below the number in february. Construction at 16,000. That raises the question given how strong the Housing Market is, on whether we do not have enough construction workers. Manufacturing wasnt strong, but added only 29,000 jobs. Of theting fact, 24. 3 people working in august worked from home through telework. The
My name is stephanie aronson. Im the Vice President and director of the Economics Studies program here at brookings. Thank you for joining us for todays event, organized by our hutchens center on fiscal and Monetary Policy on how the fed will respond to the covid19 recession in an away of low rates and lowflation the topic is particularly salient since last week, following an 18month review of its Monetary Policy strategy. The federal open Market Committee will be a revised version of its longer run goals and Monetary Policy strategies. We are honored to have governor board of governor here to offer her thoughts on the topic. After we hear from her there, will be time for questions and answers from the audience and panels to convene our discuss with ben bernanke, janet 12k0 and two marketers there will be more on that later in the program. In terms of questions, if you would like to pose a question, you can do so at email at events brookings. Edu. Before we begin, let me provide a shor
Recession in an away of low rates and lowflation the topic is particularly salient since last week, following an 18month review of its Monetary Policy strategy. The federal open Market Committee will be a revised version of its longer run goals and Monetary Policy strategies. We are honored to have governor board of governor here to offer her thoughts on the topic. After we hear from her there, will be time for questions and answers from the audience and panels to convene our discuss with ben bernanke, janet 12k0 and two marketers there will be more on that later in the program. In terms of questions, if you would like to pose a question, you can do so at email at events brookings. Edu. Before we begin, let me provide a short introduction to governor brainerd who has had a long career of Public Service in ack deema. She took office as member of the feds board of governors in june, 2014. Before that, she served as undersecretary of the u. S. Departments of the treasury from 2010 to 2013
U. S. Markets, all three major market gages rising more than 7 . The dow with best august since 1984. Shares of zoom soaring premarket, ceo 4 billion richer in just a few hours after a huge jump in revenue for the company. An Appeals Court delivering setback to Michael Flynn rejecting bid to toss out charges against him. Amazon taking to the skies, drone delivery coming one step closer to reality thanks to the federal Aviation Administration. Mornings with maria live right now. Dagen checking global action, france factory activity slipping back into contraction, the purchase Managers Index below 50. Better use out of uk, rising above 55 showing growth. In asia overnight, markets fairly flat, south korea kospi big winner. President trump heading to kenosha, wisconsin to deliver law and order message. Cheryl casone with the headlines, hey, cheryl. Cheryl the former Vice President blaming President Trump for the uptick in violence in cities across the nation. He doesnt want to shed light,