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inflation? there are different ways to look at this. so for americans it means the hiring continues, 263,000 jobs and it was pretty broad-based hiring, but when you look at the trend, poppy, it is the slowest pace of hiring since about april 2021, it matches april 2021. so when you look at that nice bar chart you can see slowing jobs growth and that s exactly what the fed is looking for. it s been raising interest rates now for six months and it actually takes about six months for monetary policy to effect these kind of economic statistics. back in march raised interest rates 25 basis points, now this is where we are in september. but the jobless rate fell back to near that 50-year low of 3.5%. that s near full employment and we ve seen from other statistics people who want a job have a couple of jobs to choose from really in this economy here. so 3.5% still low across the board hiring. leisure and hospitality 83,000, health care 60,000. now you are back to pre-pandem ....
Inflation? there are different ways to look at this. so for americans it means the hiring continues, 263,000 jobs and it was pretty broad-based hiring, but when you look at the trend, poppy, it is the slowest pace of hiring since about april 2021, it matches april 2021. so when you look at that nice bar chart you can see slowing jobs growth and that s exactly what the fed is looking for. it s been raising interest rates now for six months and it actually takes about six months for monetary policy to effect these kind of economic statistics. back in march raised interest rates 25 basis points, now this is where we are in september. but the jobless rate fell back to near that 50-year low of 3.5%. that s near full employment and we ve seen from other statistics people who want a job have a couple of jobs to choose from really in this economy here. so 3.5% still low across the board hiring. leisure and hospitality 83,000, health care 60,000. now you are back to pre-pandemic levels for he ....
Poppy harlow joins us with a little more insight. hi there, martin. you know, since the midterm election in november we ve seen president obama working hard at improving his relationship with the business community. he certainly shook up his economic team. he brought in former banker bill daley and brought in the ceo of ge to head his family team on j competitiveness. his speech today at the chamber of commerce is his later effort to reach out to businesses. in order to really address the unemployment issue in this country, we need to see businesses across the board hiring in a very, very major way. we need them to spend the $2 trillion of cash on hand that these companies have and need them to spend it on hiring. you heard the president make that direct appeal in his speech today at the chamber. and just about a week ago, i had to chance to speak with the head of the chamber of commerce, tom donahue. he was at the world economic forum in davos. ....