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now it s time for the last word, with ali velshi in for lawrence. good evening, ali. you set me up well with that conversation about having an economy that s working now, but not without hurdles and pitfalls, and this is not a good time to be messing with it. to be messing with it without insane list of demands that would never come to fruition. correct. and probably can t even passer own conference. correct. so thank you for that. and you have yourself a great weekend, it will see you next week. you too, buddy. our economic plan is working. that s the message from president biden today in, it has been his consistent message about the recovery from the pandemic since his election. today s jobs report showed united states economy added 311,000 net new jobs last month. that is way higher than the predicted 225,000 from dow jones. today s jobs report also gave us an incredibly low unemployment rate. 3.6%. now that s higher than the unemployment rate from last ....
that would never come to fruition. correct. and probably can t even passer own conference. correct. so thank you for that. and you have yourself a great weekend, it will see you next week. you too, buddy. our economic plan is working. that s the message from president biden today in, it has been his consistent message about the recovery from the pandemic since his election. today s jobs report showed united states economy added 311,000 net new jobs last month. that is way higher than the predicted 225,000 from dow jones. today s jobs report also gave us an incredibly low unemployment rate. 3. 6%. now that s higher than the unemployment rate from last month, which was 3. 4%. but there s actually reason for that. it s a good one. it rose because more people were encouraged to drop into the workforce and look for. a job. 242,000 more americans enter the workforce looking for a job, to be exact. he s president joe biden today. the job is about a lot more than a ....
Than a paycheck, as they said. it s about dignity. it s about your families dignity. and 12 million more americans can look their kids on the ions a honey, it s gonna be okay, and mean it. and that s a little more dignity for trail 12 million. americans it s not just good numbers. people can feel it. all, right so the labor market is still roaring but inflation is still too high in the question now is, what the federal reserve is gonna do about. that the fed chair, jerome powell, is currently weighing more interest rate increases. and by the federal reserve s own projections, interest rate increases could cause unemployment to rise to 4. 6% this year. a lot higher than it is now. but to be clear, that still lower than the 5% threshold that we have historically thought of his full employment. barack obama would have loved a 5% unemployment rate in his reelection campaign after the great recession. but it s a hard trade-off for the millions of actual people who would lose their jobs be ....
Now that s higher than the unemployment rate from last month, which was 3.4%. but there s actually reason for that. it s a good one. it rose because more people were encouraged to drop into the workforce and look for. john 242,000 more americans enter the workforce looking for a job, to be exact. he s president joe biden today. the job is about a lot more than a paycheck, as they said. it s about dignity. it s about your families dignity. and 12 million more americans can look their kids on the ions a honey, it s gonna be okay, and mean it. and that s a little more dignity for trail 12 million. americans it s not just good numbers. people can feel it. all, right so the labor market is still roaring but inflation is still too high in the question now is, what the federal reserve is gonna do about. that the fed chair, jerome powell, is currently weighing more interest rate increases. and by the federal reserve s own projections, interest rate increases could cause ....