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u.s. economy added some 261,000 jobs in october, the unemployment rate ticked up slightly to 3.7%. that jobs figure lower than the month before, however, still higher than economists had forecast. cnn chief business correspondent christine romans joins us to break down the numbers. you always say wisely the trend is your friend. so what do these latest numbers show us about the trend in the job market and is this what the fed was looking for? so first i would call this resilient but slowing the rate of job growth here. 261,000 net new jobs added, you know, that is a strong showing in any economy, but the trend is important here. we re averaging about 400 and change a month this year and this is the slowest pace of job creation in almost two years. so still strong, still resilient, but starting to slow here. the government noting that that unemployment rate has been stuck in this 3.5 to 3.7% range since march. it s still stuck in that range, even after six months now o ....
bret: breaking tonight, president biden says he has taken america from economic crisis to economic resurgence. the president talked about what he called unprecedented investments in his bipartisan infrastructure law to a group in boston today. americans are still focused on the economy and specifically record inflation that more than half say is has caused financial hardship for their household. white house correspondent jacqui heinrich starts us off tonight from the north lawn. good evening, jacqui. good evening, bret. officials here won t say if inflation has peaked yet. tomorrow we will see the numbers which could give us clues about how aggressive the fed might be in their next set of rate hikes. for now the president is out defending his spending that his critics say contributed to the problem. we re going to be spending a lot of money. president biden hit the trood argue he is spending taxpayer dollars where it s needed like 62 million at boston s airpor ....
neil: hqca nothing yet, two too heart institute from boston in the north to charleston in the south, cities are on guard scorching temperatures, 85 million americans already under heat alert and that number is expected to jump to at least 135 million on thursday with temperatures likely to peek at around 100 degrees. in the meantime major cities are launching cooling centers issuing alerts as well as about air quality and warning of potential hits to very low very rollerball power grids. school some of them shutting down in the course of this. welcome everybody, i m neil cavuto. we ve got leaders on the heat with our top box weathermaker religious steve bender. we what are we reliving licking out? we are looking in a very warm week at and at times it could be excessive, looking at this and you had mentioned peeking over 130 mirror from the midwest, great lakes all the way through the northeast, no one being spared from this and some of those big cities ....
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