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jobs report any minute now at a bill signing. but let s look at the numbers. joining us is rahel solomon and jeremy diamond. let s look at the gains. the fact that this was more than twice what experts were expecting. and so some experts have said that this was an uncomfortably hot jobs report, at the very least it was surprising. when you look at the report and where the jobs were, line after line, industry after industry, it was growth, growth, growth with some of the largest gainers in industries like leisure, professional services, health care. 57,000 jobs being added for government. and when you look at month over month sort of what we re seeing in the labor market, look, i mean, we are still on an upswing. you would have expected between some of the reports that we ve been hearing that maybe we would start to see some cooling in the labor market, that this number the july number would actually be declining. but that is not what we re seeing which leads me to whe ....
Bill. senator sinema said she wouldn t move to proceed unless we took it out, so we had no choice. but what we added is something that ex150i9s me and i think excites all democrats and particularly progressives. we re adding in an excise tax on stock buybacks that will bring in $74 billion. the snenate parliamentarian will determine whether it complies with special budget rules that are required. but regardless, the voting process is going to kick off tomorrow followed by an unlimited amendment process. and then they can move to final passage. of course the house still needs to vote, but if all goes according to plan, it could be on president biden s desk by the end the next week. that is moving quickly if we re only looking at the time period from when we got the deal. melanie, good to see you. ....
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Today. yeah, no doubt about it. last week when we saw that second consecutive negative quarter of gdp job growth, you still heard president biden insisting that the u.s. economy is not in a recession. and certainly today s jobs numbers bolster the president s case by when we see this kind of strong jobs growth up from last month. and president biden hailing this jobs report in a statement saying that it is, quote, the result of my economic plan to build the economy from the bottom up in the middle out. i ran for president to rebuild the middle class. there is more work do. but today s jobs report shows that we are making significant progress for working families. interestingly enough, despite the fact that the president was insisting that we re not heading towards a recession, not in a recession because of the strong jobs market, today s jobs numbers certainly surpassed even the white house s expectations. they had been thinking that the jobs market was going to start to slow and pre ....
Manufacturing history since the 50s. and some people may have given up on american manufacturing. but the american people didn t and i never did. that is why i made it make it in america, that phrase, make it in america, the corn kcornerstone economic plan. and today s report proves that make it in america is not just a slogan, it is my administration. it is a reality. i ve also it a priority to bring down the federal deficit. after watching my predecessor every year increase the debt, federal deficit, every year for the four years that he was in office, i said no more. days of exploding federal deficits are over and i ve kept my word. just take a look at the facts. deficit is down at a record of $1.7 trillion this year. that s right. $1.7 trillion with a t. and that is on top of $350 billion reduction in the deficit ....