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CNN CNN Newsroom With Ana Cabrera July 7, 2024



jobs report any minute now at a bill signing. but let s look at the numbers. joining us is rahel solomon and jeremy diamond. let s look at the gains. the fact that this was more than twice what experts were expecting. and so some experts have said that this was an uncomfortably hot jobs report, at the very least it was surprising. when you look at the report and where the jobs were, line after line, industry after industry, it was growth, growth, growth with some of the largest gainers in industries like leisure, professional services, health care. 57,000 jobs being added for government. and when you look at month over month sort of what we re seeing in the labor market, look, i mean, we are still on an upswing. you would have expected between some of the reports that we ve been hearing that maybe we would start to see some cooling in the labor market, that this number the july number would actually be declining. but that is not what we re seeing which leads me to whe ....

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CNN CNN Newsroom With Ana Cabrera June 4, 2024 17:23:00

Necessary things, we improve their standard of living. four, making our economy more competitive and less concentrated when too few companies dominate a market, that reduces competition, drives up the costs for american consumers. that has been going on for too long. we need to give small businesses and entrepreneurs more opportunities and more choices at affordable prices. fifth thing, fifth pillar, we ll reward work, not just wealth in america. so that everyone pays their fair share in taxes. i m a capitalist. i m not trying to punish anybody. but i m saying that everyone, everyone should pay their fair share. just their fair share. america is a nation that was built on work. we can never lose sight of that. that is why the strength and pace of our job recovery is so important. in the past it has taken years ....

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CNN CNN Newsroom With Ana Cabrera June 4, 2024 17:06:00

Right, i think that that is what a lot of people are concerned about. the fed has said that we can contain inflation without sparking recession, but do numbers like this actually make it harder. i think that it is likely that this will embolden the fed to continue its pace of rate hikes to try to get inflation under control. and again, that in and of itself increases the risk of recession if they have to raise interest rates faster because they are worried about inflation. but this report is it suggest that there is some underlying strength in the economy, that maybe it is possible to tame inflation without throwing a lot of workers out of work given that there is still so much demand for workers already. there are too few workers in fact to fill the number of jobs available. so i think that the optimistic gloss on all of this is that if we do have a recession and knock on wood i hope we won t, that this economy will be strong enough to endure it and that it will be relatively mild. ....

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CNN CNN Newsroom With Ana Cabrera June 4, 2024 17:21:00

The wealthy do very well. and the poor have a way up. my economic plan rests on five pillars. get america back to work at a record pace. all americans, all americans, leaving no one behind. and we re doing just that. and in the process for the first time in a long time, workers having empowered. instead of workers begging employers for work, we re seeing employers have to compete for american workers. and we re seeing a resurgence of worker organizations and unionization. where i come from, that is a good thing. and it is long overdue. two, we re literally rebuilding this nation. our roads, our bridges, our port, airports, clean water, high speed internet, for all americans. for too long america has failed to invest in itself. we changed that this year and biggest investment in america since the interstate highway ....

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CNN CNN Newsroom With Ana Cabrera June 4, 2024 17:03:00

Today. yeah, no doubt about it. last week when we saw that second consecutive negative quarter of gdp job growth, you still heard president biden insisting that the u.s. economy is not in a recession. and certainly today s jobs numbers bolster the president s case by when we see this kind of strong jobs growth up from last month. and president biden hailing this jobs report in a statement saying that it is, quote, the result of my economic plan to build the economy from the bottom up in the middle out. i ran for president to rebuild the middle class. there is more work do. but today s jobs report shows that we are making significant progress for working families. interestingly enough, despite the fact that the president was insisting that we re not heading towards a recession, not in a recession because of the strong jobs market, today s jobs numbers certainly surpassed even the white house s expectations. they had been thinking that the jobs market was going to start to slow and pre ....

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