rate was under 4.6% was 19 months ago. president biden claiming victory here saying that his american rescue plan laid the groundwork for this strong report. and what the president did not mention today is inflation. the latest wage report wages rose 4.9% over the past 12 months. cpi inflation rose 5.4% year over year. the stuff we buy is increasing more than what we earn. on tuesday, in his news conference in glasgow, scotland the president said wages rose faster than inflation. that s simply not true year over year. this is how he phrased it today. not only are more americans working, working americans are seeing their paychecks go up. weekly pay went up in october. average hourly earnings up almost 5% this year. and in the report there was a big sectors that gained big job gains. adding back to the economy. look at leisure and hospitality added back 164,000 jobs.