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MSNBC The Last Word With Lawrence ODonnell July 6, 2024

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 ....

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MSNBC The Last Word With Lawrence ODonnell July 6, 2024

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 ....

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CNN CNN Newsroom Live June 4, 2024 08:20:15

Transcripts for CNN CNN Newsroom Live 20240604 08:20:15
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MSNBC The Last Word With Lawrence ODonnell June 4, 2024 03:03:00

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 because we re trying to get inflation under control. senator elizabeth warren pressed jerome powell on that earlier this week. chair powell, if you could speak directly to the 2 million hardworking people who have decent jobs today who you are planning to get fired over the next year, what would you say to them? how would you explain view that they need to lose their jobs? i would explain to people more broadly that inflation is extremely high and it s hurting the working people of this country badly, all of them. not just 2 million of them, but all of them are suffering under ....

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MSNBC The Last Word With Lawrence ODonnell June 4, 2024 06:03:00

Pressed jerome powell on that earlier this week. chair powell, if you could speak directly to the 2 million hardworking people who have decent jobs today who you are planning to get fired over the next year, what would you say to them? how would you explain view that they need to lose their jobs? i would explain to people more broadly that inflation is extremely high and it s hurting the working people of this country badly, all of them. not just 2 million of them, but all of them are suffering under high inflation, and we are taking the only measures we have to bring inflation down. and putting 2 million people out of work is just part of the cost? and they just have to bear it? we ll working people be better off if we just walk away from or jobs and inflation remains five, 6%? it s a tricky situation to navigate. joe biden really doesn t have a say in, this by the way, ....

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