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this week, may just go down as one of the best weeks of joe biden s presidency to date. let s start with the economy, today, we got a truly stunning jobs report for july, u.s. employers added 528,000 jobs, more than doubling projections. and the unemployment rate, it fell to 3.5%. the last time the unemployment rate was that low was in 1969. 53 whole years ago. the economy is now recovered all of the nearly 22 million jobs lost since the start of the covid pandemic. president joe biden and his signature aviator sunglasses took a much deserved victory lap earlier today. we re almost had 10 million jobs. almost a 10 million jobs since i took office. that s the fastest job growth in history. today, there are more people working in america than before the pandemic began. in fact, there are more people working in america at any point in american history. in a relief for drivers all across america, gas prices have dropped nearly $1 from highs in june. highs that were driv ....
all of the nearly 22 million jobs lost since the start of the covid pandemic. president joe biden and his signature aviator sunglasses took a much deserved victory lap earlier today. we re almost had 10 million jobs. almost a 10 million jobs since i took office. that s the fastest job growth in history. today, there are more people working in america than before the pandemic began. in fact, there are more people working in america at any point in american history. in a relief for drivers all across america, gas prices have dropped nearly $1 from highs in june. highs that were driven in large part by supply shock after vladimir putin started a war with ukraine. the average price of gas is now $4. and in many places, including in many red states, gas prices are well below $4 a gallon. president biden highlighted the seven-week decline in gas prices in his speech today. gas prices are coming down. down almost $1 a gallon from where they were just a month ago. and we ....
Passed by nancy pelosi s house which would, as chuck schumer put, it rain and the most self serving things that corporate america does. okay. also, senate majority leader chuck schumer is expected to hold the initial procedural vote on the reconciliation package tomorrow, saturday, after the senate parliamentarian reviews the. bill joining us to break this, down kristen, meyers editor and chief of the ballots a former yahoo reporter. also william spriggs professor at howard university. kristen, i will start with you. break this all down for us. break down these jobs numbers, what stands out to you? he has, essentially, that 528,000 number was more than double actually wet a lot of economists had been forecasting. and this is huge news. typically, i don t think too many of us would be talking about these jobs numbers. every single month. ....
Resilience funding. democrats also how to remove a provision on closing the carrying interest tax loophole which allows wealthy hedge fund investment manages to pay lower taxes and restructure the minimum tax on corporations was also a piece that was included in the legislation. but, it was replaced, thankfully, with a 1% excise tax on stock buybacks, a policy passed by nancy pelosi s house which would, as chuck schumer put, it rain and the most self serving things that corporate america does. okay. also, senate majority leader chuck schumer is expected to hold the initial procedural vote on the reconciliation package tomorrow, saturday, after the senate parliamentarian reviews the. bill joining us to break this, down kristen, meyers editor and chief of the ballots a former yahoo reporter. also william spriggs professor at howard university. ....