likely to go higher after opec plus announced it will cut oil production by a shocking 2 million barrels a day. dana: now the biden administration is walking an economic tight rope. if the economy heats it it could make the inflation worse. if it cools down the risk of a recession gets more likely. fox team coverage this morning. larry kudlow standing by with the big picture. let s go to edward lawrence at the white house breaking down the numbers for us. this was a very good jobs report and could be part of the problem. it will likely keep the federal reserve on course to have aggressive rate hikes at the next meeting the first week of november. the unemployment rate went down to 3.5% tying historic lows because more people dropped out of the workforce. now leading the way for job creation, leisure and hospitality adding back 83,000 jobs in september. the sector is 1.1 million jobs below february of 2020 levels. manufacturing added 22,000 jobs. president likes to say he
mistake in economic and national security terms. for joe biden to start blathering on here about how he has improved our economic security, that is completely wrong. they are talking about shutting down all the off shore federal leasing. the other stuff the justice department will sue opec, real y? you think they re quacking in their feet over that? i don t think so. the obvious thing is to open the fossil spigots, 80% of the world s power comes from carbons, oil, natural gas. 80%. and we have spent in recent years trillions and trillions of dollars and we have not moved the needle at all. fraction lower in carbons and we have not increased the use of renewables whatsoever. there is no alternative infrastructure.