Biden touts 372K jobs added in U.S., yet inflation sits at 40-year high
The Lead with Jake Tapper
CNN
3.5 • 1.7K Ratings
🗓️ 8 July 2022
⏱️ 42 minutes
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| 0:00.0 | Some presidents would have done anything for numbers like these. |
| 0:07.2 | The lead starts right now. |
| 0:09.6 | A better than expected June jobs report, but why the good news presents a problem for inflation? |
| 0:15.9 | Then, a shocking assassination. |
| 0:18.6 | The former Prime Minister of Japan is murdered in the middle of a speech, the suspect using |
| 0:23.3 | what appears to be a hand-made gun in a country with very little gun violence. |
| 0:29.1 | Then, fires, flooding, and drought, America's national parks are disappearing faster than ever before. |
| 0:40.8 | Welcome to the lead. I'm Caitlin Collins. |
| 0:42.6 | In for Jake Tapper, we start today with the money lead. |
| 0:45.8 | Wall Street closing this hour, mostly flat after today's jobs report, exceeded expectations. |
| 0:51.7 | That's great news, obviously, but it's not slowing rising prices and fears of a recession. |
| 0:57.1 | According to the Bureau of Labor Statistics, the United States added 372,000 jobs in June, |
| 1:03.4 | and on average, American paychecks are up 5.1% in the last year. |
| 1:08.1 | But that's not keeping up with inflation, which jumped 8.6% annually in last month's report. |
| 1:13.8 | As MJ Lee reports, that's a problem for President Biden as he is struggling to convince Americans |
| 1:19.0 | his economic agenda is working. |
| 1:22.2 | My economic plan is moving this country in a better direction. |
| 1:26.4 | More signs on Friday of a robust U.S. labor market, the economy adding 372,000 jobs in June, |
| 1:34.5 | far-beating economist expectations, and the unemployment rate remaining at 3.6% near historic |
| 1:41.1 | lows. President Biden celebrating the news, saying the U.S. has now recovered all of the jobs |
| 1:46.8 | lost during the pandemic. |
| 1:48.6 | At a time when our critics said the economy was too weak or having already added more jobs, |
... |
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