Rate went up. if you put it altogether, it paints a picture of a jobs market that is not just resilient, it is on fire. and phil, let s go to you. the president and the white house could have used those revised numbers back in december and january. and instead of taking the p.r. hit. but now 6.6 million jobs added in the first year. a record. yeah, and look, i think this is something that when you talk to administration foofficials, over the last six or seven months, we ve consistently seen revisions month after month. matt has covered them every month and it is underscored the difficulty of data and survey collection in the moment of a pandemic. but i think what is underscores more than anything else, i think you played the perfect sound from the president leading into this segment. in terms of what the white house view is. there are very real economic concerns that still exist for every day people, priced that atry 39-year high and inflation that hasn t shown any
Deceleration over the course of the next couple of months. however, with the administration is looking at right now is even though people are exhausted, even though their tired, even though their tuned out, fundaments are very well alined and better than any country in the world coming out of the pandemic and with omicron surge, not only coming to an end but dropping dramatically, that opens the door to ease the very issues that have been accelerating inflation over the course of the last several months, whether it is supply chain or the demand shocks that we ve seen people aren t going out to purchase many of their items and instead are ordering them right now. so you pair those things together and i think the view has always been that everything is interconnected, pandemic and economy, they go one and one on this type of moment and the president is looking at this moment right now and saying this is a moment to turn a corner and the economy is ready to turn that corner. people just n
Suggests that some people may be more willing to get vaccinated following full fda approval. the 2022 winter olympics are officially now underway in beijing. the two weeks of competition are taking place in a come pplicate pandemic. china is restricting athletes to an olympic bubble and limiting the number of spectators at venues. the u.s. and several allies are engaging in a diplomatic boycott over china s human rights abused but the russian/kline partnership is on full display. xi jinping stood shoulder to shoulder with vladimir putin at the meeting ahead of the opening ceremony. joining us now is cnn s steven jang live in beijing. steven, these are all unusual dynamics on full display. so what is happening? reporter: well, alisyn, it played out probably most directly in my own experience. attending the opening ceremony as a spectator, just to be
Sign a subpoena. but i think that the committee has to kind of all be on the same page. but all of that was said, i think before these documents came out into their possession and this is such a crucial piece of information that they may say we have no choice. we just we just don t know at this point. okay. elie honig and glory borger and ryan nobles thank you for all of this breaking news. okay. meanwhile president biden cebrating an unexpectedly good jobs report that showed significant growth despite the surging omicron variant. the u.s. economy added 467,000 new jobs last month. the unemployment rate ticked up just slightly to 4%. but that is for a positive reason. we ll get into that in a moment. the president said these fubs reflect historic progress but he acknowledged the struggle that many americans face as the pandemic enters its third year. know that after almost two
Years, the physical and emotional weight of the pandemic has been incredibly difficult to bear for so many people. but here is the good news. we have the tools to save lives and to keep businesses open. and keep schools open. keep workers on the job. and sustain this historic economic comeback. cnn business recorder matt egan and cnn senior white house correspondent phil mattingly. they re both with us now. matt, let s start with you. because the predictions, the forecast were way off, hundreds of thousands of jobs off. what is this first just the number 467 tell us about the economy? well happy friday, guys. and i mean it. because we were really bracing for the worst this morning and instead we got the best case scenario. 467,000 jobs added in january despite omicron. now that is remarkable because wall street the white house was preparing the public for a bad number here. some wall street banks were