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outlook on the economy has been consistently bleak for years. for a long time it was with good reason. inflation reached a new 40 year high last year. and many economists anticipated a recession this year. but so far good news. the recession has been avoided. and inflation has declined for 11 months straight. falling to 4% in may. unemployment down to. sitting at 3.7%. i -- let the economy in strong shape wise and president biden got a credit for this turnaround? back with me news ana marie cox and joining the -- senior economist at the paul >> -- in the least let me get your thoughts on this unemployment droplets than 4%. the recession is seemingly not on the horizon. it's still a possibility after with the inflation on decline. you call published report earlier this year that looked at how low wage workers have seen historically fast real rage growth between 2019 and 2022.