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Transcripts For CNN The Situation Room With Wolf Blitzer 20240707

welcome to our viewers in the united states and around the world. i m wolf blitzer. you re in the situation room. surprisingly strong new jobs numbers are capping off what has been a big week for the biden administration. let s go straight to jeremy diamond. amid fears of a recession, the president has some momentum when it comes to the u.s. economy. at least in the short term. give us the latest. no doubt about it, this jobs report which the president called outstanding is more evidence that the u.s. is not in a recession. we saw the unemployment rate tick down to 3.5%. more than half a million jobs created last month. all of that painting a picture of a very strong and resilient jobs market. now of course, this strong jobs market doesn t do anything to address americans chief concern. and that is inflation. and the president and the white house very much aware of that. we heard the president talking about americans who may still feel they re struggling december fate st

Transcripts For CNN The Situation Room With Wolf Blitzer 20240707

world. i m wolf blitzer and you re in the situation room. we begin this hour with very encouraging news for the u.s. economy. and for the biden administration. tonight the president is seizing on the much better than expected jobs report as he caps a week of unexpected successes. here is our white house correspondent jeremy diamond. today we received another outstanding jobs report. reporter: tonight president biden hailing another strong jobs report and promising more relief to americans struggling with stubbornly high prices. today there are more people working in america than before the pandemic began. in fact, there are more people working in america than at any point in american history. reporter: the unemployment rate dipping to 3.5% as the economy added 528,000 jobs last month. bucking expectations and tamping down fears of a recession. but the strong jobs report will do little to beat back inflation. americans number one concern. i know people will hear

Transcripts for CNN The Situation Room With Wolf Blitzer 20240604 22:00:00

happening now, a surprising new jobs report shows huge gains in july defying expectations and recession fears. i ll ask former u.s. treasury secretary larry somers what it means for the u.s. economy and for americans struggling with inflation. also tonight, as brittney griner begins a nine-year sentence in russia, the kremlin said it is now willing to discuss a prisoner swap that could lead to the wnba star s release. president biden said he s hopeful about her fate. and jurors jut ordered conspiracy theorist alex jones to pay over $45 million in punitive damages to the parents of a sandy hook shoal shooting victim on top of the $4.1 million he s already been ordered to pay them for the lies about the massacre. welcome to our viewers here in the united states and around the

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