that means higher wages, which i happen to believe is a really good thing, but it also happens to be a key component in inflation. gas prices are another component in inflation. they have reached a record high, the national average i don t think i need to tell you this, if you drive, you know. at $4. 76 a gallon, good luck if you are in california or hawaii. there are continued global supply chain issues causing higher prices across the board. federal reserve continues to raise interest rates to try to counter inflation. but throwing the kitchen sink at inflation could lead to a recession. here s what president biden said today about the may jobs report. i know that today has good news, but a lot of americans remain anxious. there is no doubt that high prices, particularly on gasoline and food, our big problem. americans can tackle inflation from a position of strength. they can still tackle it. that s actually really, really important economic
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390,000. the unemployment rate held at 3.6%. it s an important number it s low. i cannot too like the unemployment lumber, because the denominator changes each month. 390 is a good number. means higher wages, which i happen to believe is a really good thing, but it also happens to be a key component in inflation. gas prices are another component and inflation. they have reached a record high, the national average i don t think i need to tell you this, if you drive, you know. at $4.76 a gallon, good luck if you are in california or hawaii. there are continued global supply chain issues causing higher prices across the board. federal reserve continues to raise interest rates to try to counter inflation. but throwing the kitchen sink at inflation could lead to a recession. here s what president biden said today about the may jobs report. i know that today has good news, but a lot of americans remain anxious. there is no doubt that high
just in, the may jobs report just released, cnn chief business correspondent christine romans here, what does it say? it says 390,000 jobs added back into the economy in the month of may. for the year, more than 2.4 million jobs added back. there were some slight revisions that didn t really change the overall number very much. but 390,000, this would be a blockbuster report but we re seeing some cooling. this is the lightest job creation since last april, but still stronger than many on wall street had been expecting. the jobless rate, 3.6%. 3.6%. very close to that prepandemic low of 3.5% that was set back in february 2019. wages, 5.2%, cooling off just a little bit, you think that might be something the federal reserve would like to see. they want to see a downshift in
the robb elementary school now opening up and taking legal action. a former key adviser to the house s january 6th committee is speaking out. what he says his team found and other evidence he believed will be uncovered. and the highly anticipated may jobs report will be released this hour as warnings of a recession intensifies. good morning to viewers here in the u.s. and around the world. it is friday, june 3rd. and president biden making an impassioned plea to congress and the nation as gun violence takes more american lives. in a rare primetime address, the president demanding action from lawmakers on stricter gun laws, a somber line of 56 candles burning behind him, representing victims of gun violence from every u.s. state and territory.
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