report. what is interesting in it, this is the 11th month in a row, martha, where we ve had better than 400,000 jobs added to the economy. it s a blistering pace. we re now net down from the covid hikes. 1.5 million jobs. one million jobs away from recouping all the jobs that were lost during covid. that s the good news. the bad news is the inflation stuff. tucked in the report is some very promising developments on the wage front. americans wages have gone up about 5.6%. unfortunately inflation has gone up at an 8% clip. whatever they re making, they re paying out. that is a big problem here. we re seeing signs, martha, that affecting people not only their psyche and confidence about where things are going but their shopping. in the latest consumer spending period, it moved up .2% in february. that was .1 the pace it was
snug in their beds while visions of paid family leave danced in their heads. and ma in her kerchief and i in my cap had hopes this bill would close the wage front. out on the lawn there arose such a wail tis the gop who wants nothing more than this bill to fail. away to the policy flew like a crash, tore open the kroes tabs voters want this to pass. what to my wandering eyes should appear approval ratings down from joe from bella where. i knew if not now the bill will never come. more rapid than eagles surrogates they came. he whistled and tweeted then called them by name. now granholm now pelosi and klain. on kamala. go forth and explain to moderates and libs to suburbs and rural that this bill will
had to do with what is happening in the economy. the president rightfully can take great credit for significant strides we have made. if you look at the economy today it s a reflection that a pro growth, pro-jobs agenda can make a profound difference in the lives of the american people. unemployment is at a 17-year low in the month of march there was a record number of jobs created. number of job listings. 6.55 million job listings, a new record. there have been 3 million jobs created since the president took office and about 800,000 since tax reform passed last fall. so, on a jobs front, on wage front, on the growth in the economy front there has been a lot of progress. you compare that to where we were a few short years ago and you can see where a pro-growth, pro-jobs agenda makes a difference in lives of the american people. we want to continue to work on that and the president does as well. and keep that focus on the economy. keep that focus on jobs and keep the focus on wages and
4.1%. i love this chart really. it shows where we ve been over the past decade. 4%, 4.1% is what it came out at, a 17-year low here. it would have been lower if you had not had people coming in off the sidelines. you saw the labor market grow a little bit because people are hearing about jobs from friends, family and the news. job reports a gain in construction, retail, manufacturing, even a little bit in mining, in education, in health care. i awe strong broad-based job growth here, again, 313,000 wages. that was a little disappointment. a dispoint for workers but not for the markets because this means, there have been concerns anti inflation. this means on the wage front you re not seeing the strong job market cause much inflation in paychecks. pre market trading the dow shot right up. yes, because it s a strong jobs report, but not too strong
240,000, and that s bouncing back after the hurricanes in september. that s a good picture of how strong the economy is. the sectors, health care up 30,000. these are a broad array of jobs, and some of them pay very, very well. businesses and services, again, a highly paid sector of the economy in many cases. and 31,000, that s a strong number for manufacturing. and construction, up 23,000 new net jobs there. those tend to be higher paid jobs. when we look at wages, up 2.5%. overall weekly paychecks grew because people are working more hours, and that s a caution in the wage front. we have not seen wages off to the races yet. when i dig in the numbers, fewer under employed and discouraged workers, and all the numbers going in the right direction. for the last three decades it has been the economy, every