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is a monster move again, and they have signaled that they are not done and project nag the interest rates are going to be going significantly higher from here, and the message that the fed is trying to convey is clear. they are serious about trying to get stubbornly high inflation back down, but the moves they are making here have lifted the interest rates to the highest level since 2008, and now the fed was late to this inflation fight. they did not start raising interest rates until earlier this years, and they have been forced to play catchup, and that has forced the interest rates to go rapidly higher, and we have not seen three straight moves of a percentage point and we have not seen anything like that since the modern era, and you have to go back to 1981, and this is not a perfect comparison, because that is before the fed publicly announced the fed moves, and what does it mean? it means the borrowing costs are higher, and interest rates and car loans and mortgag ....
Because they ve got child care issues. they still have the hangover of the covid crisis, if you will. and just not ready for some of these people to get back in the labor market. you re starting to see these jobs adding back in. these are the kind of numbers you want to be seeing. not the million-plus some had been hoping for last month but still a strong performance. glad you re joining us here at the table. also with us is kathryn rampel. it s a big number historically speaking but it s a miss. lower than what economists expected. the consensus reflected a lot of variation in forecasts. so nobody really knew what to expect, to be fair. they consensus was something like 670,000. this is a little over 100,000 less than that. but we did see growth as christine mentioned in leisure and hospitality. that s restaurants, bars, hotels, things like that. places that were really hurting thad had been complaining about ....