Welcome to the news hour. Today President Joe Biden is digging in. In more than one

appearance today he underscored that he has no plans to leave the campaign

despite calls from some Democrats and supporters.

We'll have more on that story later in the program.

Meanwhile, the U.S. economy added more jobs than expected last month

marking the 42nd consecutive month of job growth.

2006,000 new jobs were added in June.

Government hiring accounted for more than a third of those,

followed by health care, social assistance, and construction.

Unemployment also inched up to 4.1%, making it the first time it's risen above 4% in more than

two years, and there were other signs of a cooling labor market.

Job gains in April and May were revised downward by more than 100,000 jobs.

For a deeper look at what this means for the economy,

I'm joined by Robin Farsad,

host of Public Radio's full disclosure.

Robin, always good to see you. So what do these numbers say to you? Is it a sign that the

economy may be cooling? Certainly market watchers have been looking for that econ watchers for the longest time because

the Fed had to ratchet up rates after its error.

I think coming out of the pandemic and leaving rates too low for too long and so still in the process I think of mopping up inflation but it's odd are you rooting for good news?

Yes if you're the White House are you rooting for bad news maybe if you're the White House. Are you rooting for bad news? Maybe if you're investors or

traders. And yet the market is at an all-time high. Real estate is at an all-time high.

Crypto is looking puff. So it's a real debate on Wall Street. Do we even need rate cuts? Maybe

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