frankly the headline number, matt, is a big one here. also it shows healthy growth in several sectors of the economy. yeah, jim. this is blockbuster growth. and it is pretty remarkable. this number is going to go a long way towards shutting down this idea that the u.s. economy is already in recession. to be adding more than half a million jobs, in a month, at this stage of the recovery, is pretty impressive. let me give you some context around this 528,000 job figure. this is twice as much as the consensus from economists. not only that, but it is 200,000 more than even the most optimistic forecaster had pencilled in. two big milestones that came out of this report, the labor market has now fully recovered all of the jobs lost during covid. total nonfarm payroll is back to february 2020 levels. the unemployment rate is now down to 3.5%. that matches the half century low set before covid. again, none of this suggests an imminent or ongoing recession. but here is the problem,
a major legislative win for democrats. senator kyrsten sinema indicated she s ready to vote yes on the party s sweeping economic package after party leaders agreed to change some new tax proposals. those changes include adding an excise tax, which leaves the remaining deficit figure at 300 billion. democrats say this is paid for with the arizona senator s support democrats will likely have the 50 votes the caucus needs to push the bill through their chamber. a couple of weeks ago, folks thought this was dead. sunlen serfaty is on capitol hill. so pending parliamentarian ruling, a little in the weeds here, but the parliamentarian
in red ink the next ten years. that didn t seem to be a problem with the moderate democrats. what did you make of that? that s right. remember even the cbo said that the budget figure, the deficit figure is a little less than the $367 billion. they said something that they couldn t quite score was the $200 billion in extra revenue the democrats would bring in through enhanced irs enforcement. that bring it down in the hundred billion dollars range. a lot of these blue dog democrats were content with this. with these statistics, democrats or republicans, anybody can take that cbo score and use it to justified voting yes, use it to justify voting no. can it be a heat shield, fig leaf, whatever you want. neil: i like that. thanks, chad. to peter doocy at the white house and the president s reaction to this. of course, he had this physical
nearly $1 trillion in 2019, up 26% in just the last year. the treasury department made the announcement on friday, that the deficit has now reached $984 billion, and that is the highest it has been since 2012, and now, during trump s time in office, the deficit is up nearly 50%, due in large part to the president s endorsement of big spending policies. the current state of the u.s. economy, largely copt dicts the president s campaign promise, to eliminate the federal date within eight years. treasury secretary steve mnuchin commented on the new deficit figure on friday saying quote, in order to truly put america on a sustainable financial path, we must enact proposals like the president s 2020 budget plan to cut wasteful and irresponsible spending. breaking this morning, european ambassadors have agreed on an additional brexit extension to january 2020. julianna is joining us from london. good morning to you. it seems as this extension is likely to be approveed so what