possibly still to come. we are actually helping the american people instead of just playing political games. and the political payoff for doing the right thing. i ve been very clear, i think he s guilty of the most serious dereliction of duty of any president in our nation s history. reports of a quiet republican effort to try to save this chinese seat, will it work? plus, the julia podcaster from texas and his performative outrage. and a 50 million dollar judgment against alex jones for his sandy hook lies. when all in starts right now. good evening from washington, d.c., i am mehdi hassan in for chris hayes. so, it is friday morning, the first friday of the month of august, and you are producer of fox the country is awaiting the july jobs report. and even the white house has admitted that the numbers are going to be bad. of course, this is the store you go big. on the jobs report is going to be lousy. joe biden s economy is in the gutter. the white house is al
blindsided virtually everyone. as you said in your opening, mehdi. we did not see this coming. analysts on wall street, forecasters, everybody missed this. one it was a blockbuster number, 528,000 new jobs. and, job revisions to the previous two months. so the reports that we got last month in the month before are being revised upwards. we have some very, very good news when it comes to the labor market, this is broad base. it s everything from leisure, and hospitality, to manufacturing, to construction, government jobs. it s business, it is a cross the whole of our economy. we are seeing extreme robust job creation and resilience in the labor market. so, julian castro, president biden spoke today to how hard it is for americans to see and feel the good in the jobs report, because he conceded, there is inflation that is still being dealt with.
progress and find out there s another strain. reporter: biden s whose voice was noticeably hoarse during his remarks. telling reporters that he has tested negative for covid-19. it s just a cold. reporter: something backed up in a memo from the white house physician just a few hours later. the memo noting biden is experiencing some increased nasal congestion this week. this can be heard in his voice and he is feeling the frog in one s throat. biden according to the memo has tested negative for covid-19 three times this yeek. as to the jen wis of the cold, the president was willing to identify his primary suspect. what i have is a 1 1/2-year-old grandson who had a cold who likes to kiss his pop. reporter: white house officials may have been disappointed with that jobs number but they re keenly aware of something you mentioned. those revisions over the course of the last several months. job revisions have increased more than nearly a million jobs
out of the deep hole that was caused by the severe recession. end quote. christine romans has been crunching the numbers in new york. it s a hard report to spin, christine. it really is. you can t spin it. 69,000 jobs created in the biggest economy in the world. that is really disappointing, half what they thought. 8.2% is the unemployment rate. it went up a little bit, because, keira, more people were getting into the labor market. they ve been discouraged in months past, trying to get back in to try to find a job and unsuccessful. when you look at the trend, you can t spin the trend, either. you have three months of more than 200,000 jobs created right there. and then this is the slow down. one, two, three. that is the slow down there that shows you, quite frankly, that things are not as rosie as they should be at this stage of an economic recovery. and it looks an awful lot like it did last year. one last thing i want to show you, keira. this is how many private sector j
there s money being poured into that. reporter: that has been a constant. i m interested in the manufacturing number. this country hasn t been manufacturing anything, so the fact that we re starting to see some manufacturing jobs, that s part of the fact that everybody let their inventories go way down low, and now they have to build up because some demand is coming back. trace: are you encouraged by the numbers? oh, totally. and you know what else encourages me? two and three months ago february, job revisions for february, the initial thought was that we saw a loss of about 36,000, they have revised that to a loss of just 14,000, but january, trace, look at that. the origin number was a loss of 26,000, that flipped up to 14,000. these numbers are massaged by a lot of different factors, but what s encouraging is this month. we saw a gain of jobs. trace: it is encouraging, but when i look at unemployment still above 5% until 2016, i m like, oh. reporter: yeah. and that s not goin