"Tonight, a new reason for optimism and rising economic anxiety amid rising economic anxiety, the latest job report out today shows that the U.S. added 115,000 jobs last month, beating expectations almost double. The unemployment rate stayed the same at 4.3 percent. That's a sign that the labor market is resilient as the Iran war and rising gas prices weigh heavily on Americans' pocketbooks, and the White House jumped at the chance to brag."
"These are two months in a row of absolutely blockbuster numbers. The fact is that people still don't have faith that the golden age is upon us, that Trump policies are working, but it keeps showing up in the data. And it's really astonishing like what record-setting numbers we're starting to see."
"Despite the job gains, consumer sentiment declined again this month, hitting a new record low, its lowest in decades. And I do think, look, there are some good a lot of good news in this jobs report, especially because what came before it was what a lot of people suggested was a jobs recession. And so there's that. I do think Kevin Hassett, as he has been over the last few days, overstating it a little bit because the job creation levels in the last month and the month before are probably at or below what it was for most of Biden's term."
The U.S. added 115,000 jobs in the latest month, with the unemployment rate holding at 4.3 percent. The White House used the results to claim Trump policies are producing a “golden age,” citing blockbuster job numbers. Despite the labor market strength, consumer sentiment declined again and reached a record low, the lowest in decades. Abby Phillip said the jobs report contains good news, including avoiding a suggested jobs recession, but she questioned overstated claims. She noted job creation levels may be at or below what occurred for much of Biden’s term. The segment raised the issue of a gap between market optimism and public economic confidence.
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