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Dana. we have the good news and the bad news here. first, the top line number, the headline here, this is a block buster report. this is much higher than anybody was expecting. 528,000 jobs created in the month of july is more than double the expectations which called for job growth of 250,000. all areas of the economy actually saw job growth including leisure, hospitality, the services industry, the industrial industry. that's all good news. the bad news, this ensures that we are going to see a federal reserve that stays as aggressive as ever. the markets right now are pricing in, a 65% chanc...

>> ultimately, everybody throws up their hand and say this enough. >> reporter: the senate could take all weekend to pass the bill all bets are off if a single democrat test positive for covid. house votes next friday. could be a long weekend. thank you. stocks were maked today. the dow added 77, s&p 500 lost 7 nasdaq fell 67. the dow lost about a tenth percent. s&p st. pete gain -- s&p 500 gained a third. i want to first begin by reminding the folks at home what the jobs report look like for the month of july. s to have robust to put it mildly. i wanted to get your reaction. 528,000 unemplo...

A clearchoice day changes every day. schedule a free consultation. joining now us, the co-anchor of squawk box, andrew ross sorkin. let's talk about the jobs report, 528,000 jobs added to the economy in the month of july. the unemployment rate at 3.5%. lowest in about half a century. are you surprised the numbers were this big? >> i think everyone was surprised that the numbers were this big. but what i think it really sends the signal about is this is not your father's recession. we've been talking for past several weeks on this program about are we in a recession. we had those back-to-back...

Showed the u.s. added 528,000 jobs just last month. more than double what economists predicted. unemployment rate now stands a pre-pandemic level of 3.5%. cnn business reporter matt egan and jeremy diamond join us now. so matt, i'm going to start with you. what do the numbers reflect? >> well, dana, this jobs market is still really hot. demand for workers remains very strong right now. basically everyone on wall street expected that this report would show that hires cooled off in july. instead it heated up. 528,000 jobs added in july. that is twice as much as the consensus, it is 200,000 jobs ...

Blockbuster jobs report. in july job growth soared. u.s. employers added 528,000 employees, smashing expectations. and the unemployment rate is now down to 3.5%, a 50-year low. the job market is now recovered all ever its pandemic losses across every sector from manufacturing to retail, and the president touted the stellar report at the white house in full biden mode with his signature aviator sunglasses. >> today there are more people working in america than before the pandemic began. in fact, there are more people working in america than at any point in american history and today's report pr...