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. a bit of a mixed bag today. peter: and officials insist the president s economic plans are working but from delaware the president himself said he, we may not be seeing many economic reports that beat expectations like today for long. we aren t likely to see the blockbuster jobs month over month like the past year.
President Joe Biden Monday published a Wall Street Journal op-ed outlining a plan to both lower costs for American consumers and tackle looming inflation
they monitor. that s the fastest rate of growth since 2008. as we ve talked about previously on the show, a lot of that seems to be transitory with the strangeness of the economy coming back to life after more than a year of a pandemic. back in may of 2020, for instance, a lot of things like air fair and car rentals were really cheap because there was zero demand for them. as we get back to normal, demand and prices are back up. and in many cases we have a mismatch between the demand and the available supply, how many cars there are on the market, for instance. there is a good reason to think a lot of that mismatch is going to go away. that s the bet the biden administration and the federal reserve are making. the deeper issue here that is really animating the republican party and the ceo class is the fact that labor is scarce right now. it is hard to find people to hire. the unemployment rate dropping to 5.8% in the may jobs report, yet companies still say
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let s keep making a differene together. unemployment filings are down. hunger is down. vaccinations are up. jobs are up. wages are up. manufacturing is up. growth is up. people gaining health care coverage is up. small business confidence is up. america is finally on the move again! welcome back to the sunday show. i m jonathan capehart. the biden administration is feeling bullish on the may jobs report. they added 559,000 jobs.