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world. i'm wolf blitzer and you're in "the situation room." we begin this hour with very encouraging news for the u.s. economy. and for the biden administration. tonight the president is seizing on the much better than expected jobs report as he caps a week of unexpected successes. here is our white house correspondent jeremy diamond. >> today we received another outstanding jobs report. >> reporter: tonight president biden hailing another strong jobs report and promising more relief to americans struggling with stubbornly high prices. >> today there are more people working in amer...

On -- talking about on this show for quite a long time. >> so all of these very positive jobs numbers and unemployment going down. how much harder does that make it to tackle inflation? >> well it is not -- it is not so much that the jobs make it harder to tackle inflation, but when you've got large numbers of vacancies which we still do, when you've got such a labor shortage, which we still have, when you have wages going up rapidly in dollar terms but not in purchasing power terms because prices are going up faster. you're getting more and more of a cycle. and that is making engineering the ...