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September 3, 2021
But the very sector that has been the energy behind the jobs recovery, which has been leisure and hospitality getting us all out there and trying to get back to normal, the job growth there stopped, and thats because of the delta variant. let me give you one piece of good news here. that other headline number, the jobless rate, 5.2%, thats the the lowest of the pandemic. thats important here thats a different survey that measures households. households were more optimistic. 509,000 jobs started ...
September 3, 2021
Todays monthly jobs report was a disappoint. the clear indication that the delta variant is slowing the economic recovery. the u.s. added 235,000 jobs last month, a big miss compared to expectations driven by stagnation and even job losses in sectors hit hardest by the virus. even though the unemployment rate did tip down to 5.2%. the president addressed the report this morning. >> theres no question the delta variant is why todays job report isnt stronger. i know people were looking and i was h...
September 3, 2021
Number one concern here right now. how can you grow hiring when you have people who are afraid to go to work, companies afraid to keep adding onto their payroll because theyre not exactly sure what the fall is going to bring, guys. >> i have to say this is a pretty big story this morning, romans. 5.2 unemployment rate thats good news. but the slow down in new hires is really something and really will raise concerns heading into the fall with delta. >> and look, you also have 7 1/2 million people...
September 3, 2021
From 6.3% to 5.2% and i believe it will continue to go down and its no wonder last weeks gallop poll found 72% of americans think now is a good time to find a quality job. at this time last year that number was 30%, thats the mark of an economy where regular people can see a place for themselves in the economy. the holidays we celebrate this weekend, the holiday, labor day is about honoring the dignity of work, honoring the american worker. thats what our economic strategy is all about as well. ...
September 3, 2021
Its terrific. >> enjoy your long weekend, everyone. >> before you do that join me on the radio that would be great and watch on fox nation. watch it wherever you are. >> then you can enjoy your long weekend. >> well enjoy a very long weekend. see you back here on tuesday. >> bye, everyone. >> bill: thank you, guys, good morning. lots to get to friday. swing and miss on the august jobs report. we added only 235,000 jobs last month. thats about a third of what we expected. unemployment rate did dr...
September 3, 2021
5.2%. that is the lowest of the pandemic. it really is a big improvement from the spring of 2020 when unemployment hit nearly 15% as covid was raging. but the big concern is that todays report shows that the recovery is losing some serious momentum. a lot of that is because of the delta variant. just look at whats happening in the leisure and hospitality sector. job growth had been humming along in recent months and just crashed to zero in august. that was because theres been a slowdown in hirin...
September 3, 2021
The nail on the head there with noting that the most important thing here is to get the virus under control and make sure that we continue to get those vaccines out. about three-quarters of americans have at least one shot. thats certainly an important step that the administration has been working hard on. on the issue of unemployment insurance. focus on the big picture here in terms of what we learn today from the numbers this is that weve created a job that pays $750 a month, when we put in pl...
September 3, 2021
>> the mid-atlantic and northeast are trying to recover from unprecedented flooding as well as tornadoes in the aftermath of ida. a new abc news/"washington post" poll shows a drop in the presidents approval rating. 44% of americans say they approve of how hes handling his job. 51% disapprove. also, new data points to a slowdown in job creation. the labor department says some 235,000 jobs were added in augment economists expected more than 700,000 new hires. the unemployment rate is down slightl...
September 3, 2021
In the world, ill say that again, were the only develop the country in the world whose economy was bigger than the pandemic. because of the groundwork with the american rescue plan, our vaccination and our vaccination strategy, were seeing an economy and a job market that can weather the ups and downs of the delta variant. and anything else that comes our way. now we have a lot more work to do. as objectively discuss shortly. but the facts speak for themselves. think of where this country stood ...
September 3, 2021
Todays latest jobs report turned out to be a shocking disappointment. even though the unemployment rate fell to 5.2%, the u.s. economy added only 235,000 jobs in august. economists have predict a gain of some 728,000 jobs or more, about three times what we actually saw. president biden tried to put the best face he could on these rather disappointing numbers. >> while i know some wanted to see a larger number today, and so did i, what weve seen this year is continued growth month after month in ...