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CNN CNN Newsroom With Ana Cabrera June 4, 2024 17:44:00

Joining us, and obviously, the federal reserve is weighing the jobs report as it considers the next move, do you think that the strong report is going to apply more pressure to raise interest rates further? in a word, yes, this was a very strong jobs report with an asterisk. 372,000 jobs being added that, that is about 100,000 more than what they expected. we have seen month and month, and it has eased a bit, but the issue, and the asterisk, that is the demand from buddy, two jobs for every one person working, now it is closer to 1.9, now, demand for workers is so hot, workers can demand more in terms of wages, which is great for workers. the problem is, when the costs go up, they tend to pass that down in terms of prices. this idea sort of becomes a ....

U S , Interest Rates , 01 9 ,

CNN CNN Newsroom With Poppy Harlow and Jim Sciutto June 4, 2024 13:31:00

The economy, the labor market as well, to help bring down inflation. cnn s rahel solomon joining us in new york with more on this latest jobs report. the job market is red hot there are concerns about a looming recession. we were talking briefly in the break. we live in this world where a good jobs report is almost bad. how does that work? well it a very nuanced jobs report. so what the report tells us is that the labor market is still very strong, some might say too strong. so we came in at 372,000 jobs being added last month. the expectation was 100,000 less than that, the unemployment rate remaining steady at 3.6% for the last four months. the gains were broad-based. we saw it across industries from professional services, leisure and hospitality, healthcare, all adding more than 50,000 jobs over the last month. the reason that we need an asterisk to this jobs report is because there is so much demand for workers right now, we have about 1.9 open jobs for every one person looking ....

Labor Market , Jobs Report , Job Market , New York , Rahel Solomon , Unemployment Rate , 3 6 , 01 9 ,

CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell June 4, 2024 19:25:00

At 3.6%. let s bring in cnn s business correspondent, ra held solomon, what did economists expect and why is this better? economists expected 270,000 jobs adds, that would be the first time we ve seen a number like that since april of 2021. we have seen strong jobs growth every month, and the unemployment rate has remained at 3.6% for the fourth month in a row. people are still getting jobs, and there s very strong demand for workers. the asterisk here is that wage growth continues to grow, which is great for workers who can now get more because there is so much demand for workers. in terms of where we saw jobs, well, it was broad-based, professional services, leisure and hospitality, health care, all sectors adding at least 50,000 jobs. some areas like the private sector, and manufacturing have completely recovered from the pandemic. here s the thing that economists are thinking about today in ....

Business Correspondent , 3 6 , Unemployment Rate , April Of 2021 , Wage Growth , Health Care ,

CNN New Day With John Berman and Brianna Keilar June 4, 2024 10:32:00

Found that is happening that companies are telling me, they have 11.7 million people who are still working remotely because of covid. you have all these companies that want people to come back, even for a few days a week, and now they re saying we realize gas price right side $5 a gallon, just please, you can continue to work remotely, just don t turn over to another company. they really want to keep their workers. in some cases recognizing that inflation is now part of this retention story that we ve been talking about for so long. it also feels like, you know, oil prices are dropping, well, that should be good news, but not exactly. right. the idea that the jobs market is so hot, that s great, not exactly. everything has an asterisk. it s such an interesting point because we hear the fed talk a lot about the jobs market because demand, as christine was saying, for workers has been so hot, i mean, powell has talked about how there are two open jobs for every one person looki ....

211 7 Million , Gas Price , Oil Prices , Jobs Market , Christine Romans , Job Seekers ,

MSNBC MSNBC Reports June 4, 2024 13:43:00

The things at the top of the list are economic opportunities, scientific achievements, diversity, so our leaders really need to lead with demonstrating those values in mind and i think you ll see a reaction. another important point, local government is doing much better with the american public than national government. so national leaders could also look to local leaders to see how it gets done. and you think it is important to note that when this poll was done, you received the results before roe v. wade was overturned. and i don t know if you have any feelings about how those numbers may have shifted after roe v. wade if this poll was done and also in regards to how people think about stricter gun laws. so where does that asterisk fit into this poll. that is a great question. and we continue to poll. and we re asking americans about these same questions now. the supreme court hit a record low after the leaked opinion on roe v. wade. ....

Local Government , Roe V Wade , Gun Laws , U S , Supreme Court ,