unemployment staying at 3.6 pers percent. bill: there are at the moment 11.4 million jobs open and 6 million unemployed americans which means the math says two jobs for every person that s looking for work today. gas is soaring. another record high today. $4.76 a gallon now. that s nearly twice as high as when president biden took office. bill: here is the good news. wages rising slightly up 5.2%. not enough to keep up with inflation is the bad news. that disparity creating a nationwide pay cut. team fox coverage this morning. jacqui heinrich and we begin with kelly o grady live from los angeles. kelly. today marks the first weekend of june. you would normally have people excited for weekend getaways, beach trips. instead drivers are facing more dread at the pumps. today is the seventh straight day of record highs. the national average jumped 5 cents overnight. that s just two cents shy of double the price when president biden took office. that means an extra $33 ev
approach to crime which critics say is a culture of lawlessness. we will be joined with thoughts. john: brand-new numbers, a pulse on the u.s. economy. latest jobs report beating expectations, but still head winds from the highest inflation in four decades and record high gas prices. welcome to you today. anita: happy friday to you, the u.s. economy adding 390,000 jobs for the month of may one employment rate of 3.6%. number of job openings remains near record highs, 11.4 million positions going unfilled. john: gas prices keep climbing, more expensive to top off the tank. national average for a gallon of gas increasing another $0.05 overnight to 4.76. up $0.17 from a week ago, and 1.72 higher than last year. president biden speaking on the may jobs report and acknowledging the toll inflation is taking on american families. the president putting the onous on congress. anita: karl rove in a moment, but first white house correspondent peter doocy live from the north lawn
having a constitutional monarchy. the pinnacle is an institution and a person in her majesty the queen who everybody looks up to and brings everybody together. martha: he had a lot of interesting things to say. more on that later and his take on u.s. leadership and 100 days of war in ukraine. but first, back at home, president biden today hammering a singular message directing americans to blame not him but another president for the soaring food prices and fuel prices in the u.s. both of these challenges have been directly exacerbated by putin s war in ukraine, this is the putin price hike. if food and gas prices will be elevated i d by putin s price hike, one things we can make better for families is by helping them save on other basic items that families need on a monthly basis. martha: so since president biden took office, gas has increased $2.33, up 99% during that period. kelly o grady live in los angeles. hi, kelly. hi, martha. yeah, you play that sound bite. it
one of the factors driving inflation is this nationwide labor shortage. it continues. take a look at these brand-new job numbers. a mere 128,000 added jobs to the private sector just last month. this is less than half what was expected. it marks the slowest growth since the start of the pandemic. bill: if that doesn t make you feel better this won t, either. gas prices hitting another record high, $4.71 a gallon. we have hit a daily new high almost every day over the past month. sandra: people are feeling it. president biden saying there is no near-term solution to the problem and now the head of a major american bank is forecasting disaster. it is a hurricane. right now it s sunny, things are doing fine. everyone thinks the fed can handle this. that hurricane is right out there down the road coming our way. we just don t know if it s a minor one or super storm sandy. bill: north lawn of the white house, a lot of fires to put out there. jacqui heinrich begins our day.
midterm elections. in a hail mary, biden administration appears to be banking on the youth vote, i m john roberts in washington. you are all warmed up. sandra: and a lot more to dig into there, great to be with you. sandra smith in new york. this is america reports. biden administration is now just moments away from announcing that it is cancelling $5.8 billion in loans for borrowers who attended a for profit college. now middle class americans are left picking up the tab as experts warn a recession is just around the corner. it s the largest student loan cancellation in u.s. history as 560,000 borrowers are now off the hook. john: but could that just be a sweetener? the move comes a day after biden admitted gas and food prices are not going to come down soon. gas prices a new record high, up more than $0.50 in the past month. and new disappointing private sector job data out shows businesses are struggling to hire workers. sandra: it is a big problem and worse. south