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Here in the cnn newsroom i m fredricka whitfield in new york , and today s jobs report revealed a slight cool down in the labor market. employers added 236,000 jobs last month, the figure that missed economists expectations and sit significantly below the number we saw the last two months. the unemployment rate, meantime, dropped to 3.5% a new cnn poll found half of americans say their personal financial situation is worse than it was a year ago. and the president of the nation s largest bank exclusively, telling cnn that the threat of a recession still looms following the recent banking crisis. has this banking crisis even though you think it s almost over which i m really glad to hear, though. increased chances of a recession here. yes. but i look at like it s not definitive. it s just like another weight on the scale . people say it s like raising rates, another 50 basis points or something like that. we are seeing people reduce lending a little bit. cut back a little ....
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Objectives including the country s largest ever investment to fight climate change. it would also allow medicare to negotiate some prescription drug prices, and cap out of pocket costs and extend affordable care act subsidies. this comes after a big week of achievements for the biden administration. for starters, the july jobs report surpassed most economists expectations. other big achievements for the white house include the american drone strike that killed ayman al zawahiri, a key plotter of the 9/11 attacks. on tuesday, they approved a bill to create a new program to treat u.s. military veterans who may have been exposed to toxic substances from burning trash pits on military bases. and then kansas voters rejected a measure that would have removed the right to have an abortion from the state s constitution. and now president biden is receiving good news about his covid-19 diagnosis. ....
On over to the house before coming to be signed by president biden, but this marks a very significant development as they are trying to get this massive piece of legislation passed and move one step closer to achieving some of the key elements of president biden s domestic agenda. all right, arlette live for us at the white house. yesterday job s report far surpassed economists expectations. last month the economy added 538,000 jobs and employment dropped to 3.5%, so that means the u.s. has regained all jobs lost since the beginning of the covid pandemic. i want to bring in a professor of economics and public policy at the university of michigan. this looks like an incredible jobs report, but you still have a lot of americans worried about the recession, worried about what s going on with the economy. help us understand what s going ....
In the process, giving the parties some very real weapons to carry into midterm elections. now, just barely three months away. starting with senate democrats rallying around a major spending package aimed at reducing record consumer inflation. but also a massive investment in health care and climate interventions. central to the biden agenda. and now, on the cusp of receiving this weekend, after previous hold, arizona senator kristen sinema announced her support for the bill. giving senate democrats the votes they need to pass it by monday morning. and another shot in the arm heading into november, that is on the top of a surprising strong july jobs report that just more than doubled economists expectations. ....