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this week, may just go down as one of the best weeks of joe biden s presidency to date. let s start with the economy, today, we got a truly stunning jobs report for july, u.s. employers added 528,000 jobs, more than doubling projections. and the unemployment rate, it fell to 3.5%. the last time the unemployment rate was that low was in 1969. 53 whole years ago. the economy is now recovered all of the nearly 22 million jobs lost since the start of the covid pandemic. president joe biden and his signature aviator sunglasses took a much deserved victory lap earlier today. we re almost had 10 million jobs. almost a 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 at any point in american history. in a relief for drivers all across america, gas prices have dropped nearly $1 from highs in june. highs that were driv ....
all of the nearly 22 million jobs lost since the start of the covid pandemic. president joe biden and his signature aviator sunglasses took a much deserved victory lap earlier today. we re almost had 10 million jobs. almost a 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 at any point in american history. in a relief for drivers all across america, gas prices have dropped nearly $1 from highs in june. highs that were driven in large part by supply shock after vladimir putin started a war with ukraine. the average price of gas is now $4. and in many places, including in many red states, gas prices are well below $4 a gallon. president biden highlighted the seven-week decline in gas prices in his speech today. gas prices are coming down. down almost $1 a gallon from where they were just a month ago. and we ....
what we ve just learned about the investigation. the new revelations from the uvalde massacre. sources say uvalde leaders sought a more positive narrative from the state s top police official when it came to the officer s response to the robb elementary shooting. tonight, how sources say that official reacted, as the victim s families brace for tomorrow s state report. the race to stop monkeypox. cases rising across the country and around the world. now the wait for vaccines. the fda racing to make a million doses available by later this summer. what the cdc is now telling americans to do to limit their exposure. the deadly oppressive heat and wildfires scorching europe. nearly 600 people dead as temperatures soar. firefighters across the continent battling the raging fires. and the warning from experts about the impact of climate change. struggling with the cost of inflation. americans now dealing with sticker shock on everything they buy. the sacrifices some f ....
and houston rushes out. the country that put the first man in space is quitting the international space station. the impact on future missions just ahead. but first, your money and cnn business reporter matt egan is here with us. today s consumer confidence report was the first major data point in this critical week for the u.s. economy. what did it show? simply put americans are not happy with this economy. consumer confidence dropping for a third month in a row in july. to put this into context, the lowest level for consumer confidence since february of 2021. not only is confidence well below the peak of last year, it s not even close to the pre-covid levels, closer to the covid lows, which is pretty amazing. this is a telling stat despite the very strong jobs market, just 17% of consumers said business conditions were good. 24% say conditions are bad. now this is a big deal because consumer spending is the biggest driver of the economy. if people slow their spend ....
The virus, which is similar to smallpox but with less severe symptoms, isn’t new. Here’s what you need to know about vaccines, transmission and more. ....