we re almost at 10 million jobs, almost at 10 million jobs since i took office. that s the fastest job growth in history. today there are more people working in america than before the pandemic began. in fact, there are more people working in america than at any point in american history. cnn business correspondent rahel solomon joins me now. put this into context. what do these numbers actually mean? not only did these numbers surprise to the upside, but it was broad based across the economy. when you look at the report line after line, industry after industry saw positive job growth. leisure and hospitality the strongest with 96,000 added for the month of july. professional services, health care, government, all adding jobs. we know wages increased about 5.2% over the last year and wage gains are something the fed is going to be watching closely as it tries to fight inflation. more on that in just a moment. as you pointed out, the unemployment rate now ticking lower to
ambassador. today israel launching a serious of air strikes in gaza, who they were targeting, and the incident civilians that may have been caught up in the cross fire. good day to you. i m peter alexander in washington. for my friend hallie jackson. and joining me now is nbc news capitol hill correspondent allie vitale and anna palmer. with great gratitude we are all inside with some air-conditioning on this stifling d.c. day. allie, let s walk through this kyrsten sinema, the deal the democrats got. talk about feeling the heat. the at democracy were very concerned how this was going to end up. republicans wither trying to peel off sinema s vote. what twos from here? what happens next? yeah, peter, thankfully we are going to be in air-conditioning all the rest of the weekend, too, because the senate is working both saturday and sunday now that they have senator kyrsten sinema on board. the changes she made to the legislation, not entirely surprising for those of us who h
i m going to try to put this in english. it s effectively a tax on hedge funds and private equity. i know you plan to vote yes, but are you disappointed that that provision, which is aimed at taxing wealthy americans, is no longer in this bill? dana, it s good to be with you. and i strongly supported getting rid of the carry interest loophole. it s a tax give away to big hedge fund owners. but we did replace it with a 1% tax on stock buybacks, and stock buybacks overwhelmingly benefit very wealthy people and ceos as well, including a lot of people who are overseas and own stock in u.s. corporations, which actually raises more money than closing the carried interest loophole. so i support both of these measures. i hope sometime down the road we can come back and get rid of the carried interest loophole as
providing rebates to homeowners so that they can have more energy efficiency in their homes that will drive down heating and cooling prices. so, in some specific areas they will go down faster, but even overall, this will put downward pressure on inflation. let s me talk to you in more detail about what kyrsten sinema wanted out of this. one of the changes deals with the carried interest provision. basically it s preferential treatment for hedge fund managers and private equity executives. that s how. why lose that? well, peter, i supported closing this loophole, the carried interest hoop hole. as you just said, it s a great tax boom to hedge fund owners where they pay lower tax rate than the people who work for them. so i ll continue to push for that, but in term of this package it was replaced alarmly by a 1% tax on stock on buybacks
this is in a metro area of 3 million. we don t see that we are serving the readers anywhere close to what we re supposed to to gain and continue to keep that trust the readers have. one of the things it seems the members of the editorial team are calling for is for some other person to come in and buy buy the denver post from the hedge fund owners. one of the concerns, chuck, is if you have these billionaire taking over these what were local papers, that their ideology could then become the dominant factor at what are vital news organs to the community. do you have a concern about that? that is one thing i can say about alden, it hasn t been