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frankly the headline number, matt, is a big one here. also it shows healthy growth in several sectors of the economy. yeah, jim. this is blockbuster growth. and it is pretty remarkable. this number is going to go a long way towards shutting down this idea that the u.s. economy is already in recession. to be adding more than half a million jobs, in a month, at this stage of the recovery, is pretty impressive. let me give you some context around this 528,000 job figure. this is twice as much as the consensus from economists. not only that, but it is 200,000 more than even the most optimistic forecaster had pencilled in. two big milestones that came out of this report, the labor market has now fully recovered all of the jobs lost during covid. total nonfarm payroll is back to february 2020 levels. the unemployment rate is now down to 3.5%. that matches the half century low set before covid. again, none of this suggests an imminent or ongoing recession. but here is the pr ....
Frankly the headline number, matt, is a big one here. also it shows healthy growth in several sectors of the economy. yeah, jim. this is blockbuster growth. and it is pretty remarkable. this number is going to go a long way towards shutting down this idea that the u.s. economy is already in recession. to be adding more than half a million jobs, in a month, at this stage of the recovery, is pretty impressive. let me give you some context around this 528,000 job figure. this is twice as much as the consensus from economists. not only that, but it is 200,000 more than even the most optimistic forecaster had pencilled in. two big milestones that came out of this report, the labor market has now fully recovered all of the jobs lost during covid. total nonfarm payroll is back to february 2020 levels. the unemployment rate is now down to 3.5%. that matches the half century low set before covid. ....
Between 09 and 12 you saw added activity in the economy, increase in jobs, $9 million job figure added to the economy at a time when we were in what is now called a great recession. so if you care about jobs, if you care about the economy, if you care about tax cuts because remember, about 160 million americans got tax cuts as a result of the stimulus. then you understand the benefit. michelle, there are somewhere around 10 million people who left the work force under president obama. you add those back in the unemployment is 9%. they promised 5% when they sold us this plan. a little disingenuousness here? absolutely. the labor participation rate is the lowe s in 25 years. you look at the number people unemployed for this bill just went to a ton of wasteful ....
Jobs number that s going to come out this friday, because gdp was up 3.2% in the fourth quarter. that s the single best indicator the economy is growing, but it s retrospective and more recent data haven t shown the trend strengthen. manufacturing and construction have slowed, personal income and spending on big ticket items like cars has slow. many are saying the weak jobs number is more indicative of a broader slowdown so people are going to be focused on this friday s job figure. i m looking at housing and it seems to be doing better. i ll hope that s a positive indicator for the coming weeks. kayla, thank you so much from cnbc. how did we get here? did god create the world or did we evolve? what s expected to be a spirited debate happens tonight between bill nye the science guy and a man who beliefs in creationism. plus, the fight over raising the debt ceiling. house republicans reportedly have a plan to get what they ....
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