Although summer is always a key time for increasing employment as seasonal workers find a job for the busiest time of year, thus reducing unemployment, the fact that June is the fourth consecutive month of decline is further proof of the recovery Spain has been making since the height of the Covid pandemic. Torrevieja is
on that. actually in the last nine months because of the work we re doing inflation has gone down 45%. that s moving in the right direction. still higher than wage growth though. no question about it. it s going in the right direction. jobs up, unemployment down, inflation has gone down, which means the economy is stable and strong. it doesn t mean you don t have challenges, which is why the president has been investing in america. when you re investing in building roads and bridges and airports and ports, you re building jobs that really matter. 12.1 million jobs, 800,000 manufacturing jobs that don t require a college degree, it means that we re in a good pox to deal with the challenges coming our way. it s how you deal with them and how fast you solve them. what about the banking sector? what is this administration doing to ensure more banks don t fail. there s no question that the secretary of treasury in our administration has been working with and analyzing and cooperatin
economy. when you take a look at how much more people are getting paid, 4.2%, that s the increase in average hourly earnings in the month of march compared to march last year. that is a pretty strong number, although it s lower than the pace of inflation. so the way that prices are going up at the store is still outpacing how much your wages are going up, which really underscores the weird economy that we re in right now, lindsey. thank you so much for helping us break that down joining us from the white house, national economic council director lael brainard this morning the president released a statement on the report he said this is a good jobs report for hardworking americans. today s report shows we continue to face economic challenges from a position of strength how do you explain what we re seeing right now yeah, i think it s a really nice jobs report, 236,000 jobs created in march, and that is bringing unemployment down, so unemployment is at 3.5%.
not get woke training. not go to renamed base. not forced to take the covid vaccine. it is a combination of this weakening, softening of our warriors. it is less attractive. rachel: you re off mission. you re just not they having about the mission. will: that is a good way to put it. i also wonder how much is part of a bigger, we talk about this often, delayed onset adulthood. people putting off becoming adults, taking on responsibility? employment at younger ages, general employment down. people living at home longer. we talked about, i wonder how much is that as well? obviously joining the military is an adult step in life and taking on responsibility. so the military like every other aspect of our society having trouble getting people to say come be someone ready to be a big-time adult with responsibilities. pete: go ahead. rachel: i was going to say. it is one thing for this to happen in corporate america.
african-american voters and that man delivered a lot on this very program we talked about. that is reality. donald trump delivered something for black voters that made history right before the pandemic, their earnings, their job participation, unemployment down, job participation up at record levels for blacks in this country. biden is in trouble. yes, he is. you are completely right on that. when you look at these numbers, it is a tragedy what is happening. i m just the lowest growth period we re having right now. we have the high inflation. it doesn t get any worse than this and there is no wonder his poll numbers are through the floor. harris: talk to me quickly if you can about the role of gas prices in all of this. you have the president going to visit the crown prince, the country of saudi arabia that he said he was going to turn into a pariah, i don t know how biden plans to do that. now he is going to go beg for