Mischaracterized Inflation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

"america reports" on this friday. white house getting good news on the jobs market but will a massive spending plan send the economy into another tailspin, making an already bad inflation problem even worse? hello, everyone. i am sandra smith in new york. >> jon: i am jon scott info john roberts. the labor department says the u.s. added 528,000 jobs last month. the on employment rate also falling slightly to 3.5%. >> both numbers beating expectations. wages are still largely out of step with the rising inflation. now more than 200 economists, 230 to be exact, warning democrats their ...

Is this a good labor market when you still have the participation rate not returning to pre-pandemic levels and that is still struggling while we noted there's more americans today than any other moment in time working two full-time jobs just to pay for inflation. how did you see this report today? >> sandra, you made a very important point. the most thing avigan thing about the report is that once again it shows diminished labor, continued very high demand for labor. if you look at the index of payrolls, the employees on the books, the hours they work, how much you pay in each hour, that's ri...

"america reports" on this friday. white house getting good news on the jobs market but will a massive spending plan send the economy into another tailspin, making an already bad inflation problem even worse? hello, everyone. i am sandra smith in new york. >> jon: i am jon scott info john roberts. the labor department says the u.s. added 528,000 jobs last month. the on employment rate also falling slightly to 3.5%. >> both numbers beating expectations. wages are still largely out of step with the rising inflation. now more than 200 economists, 230 to be exact, warning democrats their social spe...

>> it's a fair point. you can cite the economists in your letter. we have well over 100 economists saying exactly the opposite, many of whom are nobel laureates and many of whom have the same credentials you have there. i say that we put the dueling economists aside and look at what's in this legislation. let's be very concrete about this. does it lower prescription drug costs? yes. do americans now pay two to three times for the same fairy pills and prescription drugs that people in other countries are paying for? two to three times more? yes it does reduce those costs. does it reduce the cos...

We have seen estimates that take inflation down by i think if you look at mark zandy's work, taking it down by a third of a point. >> sandra: that's a lot of spending to bring down inflation in mind .1% by a third of a point. >> i agree with that. three and a billion. maybe 100 billion over ten years. i think there is 90 billion a month the federal reserve is allowing to roll off their balance sheet so it's truly a small, small fraction. just take their argument for what it's worth. it's going to be a third of a point. my folks back home who can afford their electricity, gasoline, counter for ...