close you are for retirement. it is still relatively you know common sense bet that you don t have to take your money out any time soon. you can ride out the inflationary spike. if you are closer to retirement age or in fact retired, obviously you don t want to take on that amount of risk. there are some kind of financial markets out there like treasuries that are hedging against inflation that are available to you. it depends on what kind of risk you try to manage here and where you are in terms of retirement and how much flexibility you have of your budget. a lot of people don t have a choice of putting a new oven purchase if their oven does not work. limited options here but do what you can. katherine rampell, thank you so much.h. we ll be right back. for rumba lessons” plan.
well, they didn t pass the rule, and then three months later they lost the majority for the first time in 40 years. and it does feel like we are watching some version of that as the distrust between left and center are leading each to create fundamentally incompatible demands that are leaving them all in a weaker position as the months and months of stalemate go on. catherine rampell, put this into context for us. 531,000 new jobs in october. the unemployment rate is at 4.6%. the lowest level since the covid economic recovery started in may of 2020. the stock market continues to reach new highs. is president biden right to say the economy is on the moon? well, it is certainly the case that we got good news today. as you point out, the jobs report was better than expected. unemployment rate fell. hiring was strong. you know, it wasn t like a perfect report but it was a very strong report. and a lot of these other metrics
president biden touting a job recovery exceeding expectations as he hopes to be able to sign his agenda into law and move on from this week s election defeat. our economy is on the move. this morning we learned that in october our economy created 531,000 jobs. well above expectations. we also learned that job growth over the prior two months, august and september, was nearly 250,000 more jobs than previously thought. in total the job creation in the first full nine months of my administration is about 5.6 million new jobs, a record for any new president. so let s discuss now with cnn economics commentator katherine rampell and cnn s senior political analyst ron brownstein. good to see both of you. thank you, thank you for joining. ron, this should be a great day for democrats. it should be a chance to move the agenda forward, turn the
or whether we re going to let the world pass us by. with us now, katherine rampell, a cnn economics and political commentator, and opinion columnist for the washington post. welcome back. we were in the same seats a month ago talking about the disappointing august nurmbers, talking about the influence of delta. what happened now, basically the same thing? there had been optimistic hopes that in september, we would finally see a little bit of a hiring boom because unemployment benefits or the federal expansion of unemployment benefits had expired. schools were reopening, so maybe that meant more parents got their child care problems pushed to the side, and instead of course the delta variant had other plans. so i said at the top, it s not exactly a setback, it s just not as big of a step forward as people had hoped for . there is some good news here. there is some good news, yes,