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Bannon`s War Room

Episode 5424: Job Report Comes In Positive; Fusing Israeli And US Intelligence

Bannon`s War Room

WarRoom.org

Politics, News:politics, News

4.516.4K Ratings

🗓️ 5 June 2026

⏱️ 55 minutes

🧾️ Download transcript

Summary

Episode 5424: Job Report Comes In Positive; Fusing Israeli And US Intelligence 

Transcript

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0:00.0

And the data is out to make Job Job Jobs Report.

0:04.0

172,000.

0:07.0

Is there any doubt that this anecdote, Levin, it's about a good labor market, has been very correct?

0:13.0

That is a really strong number.

0:15.0

And last month, well, we had a revision from $115,000 to $179,000, which means the two-month revision has got to be over 90,000.

0:27.1

That is a good number.

0:29.1

Even manufacturing posted a 7,000 job gain.

0:33.9

So how strong is 172,000?

0:36.6

That would be the best number since 185,000 in March. These are

0:40.8

solid numbers. If we look at what's going on with average hourly earnings, average hourly

0:46.7

earnings come in at three-tenths as expected. If we look at average hourly earnings year over

0:52.2

year, 3.4 as expected. And I would like to point out

0:56.4

that on the month over month, 0.3 is a 10th higher than the 0.2 in the rearview mirror. But the 3.4

1:03.1

year over year is 2 tenths light. Two tens light. 3.4 would equal where we were in March. We started the year at 3.7.

1:13.6

Okay. Now if we look at the work week, and the work week of course has been getting a bit smaller.

1:19.6

The average work week is coming in at 34.3 as expected. The unemployment rate, drum roll, please, 4.3. Well, we didn't really need the

1:29.8

drum roll. That is a very, very nice, historically low rate, and it's pretty steady there.

1:35.3

As a matter of fact, we're at 4.3 every month this year, except for February, we're at 4.4. Labor

1:42.1

Force participation rate, it's been moving lower. You know,

1:45.8

last month it moved to 61.8. That was the smallest since September of 21,

1:50.9

and that's where it's camping out at 61.8. And that's really depressing. You know,

1:55.8

you read these statistics about how many able-bodied workers are not working or looking for work.

...

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