Jared Bernstein: Economy has recovered pandemic job losses on way toward steady and stabler growth – MSNBC

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Jared Bernstein, a member of the White House Council of Economic Advisers, joins Andrea Mitchell to analyze the July jobs report, which showed the economy added 528,000 jobs in July and unemployment remained relatively low at 3.5% despite burgeoning inflation and interest rate hikes from the Federal Reserve. We have now clawed back all of the jobs that were lost from payrolls due to the pandemic-induced recession, says Bernstein. Consumer spending is almost 70% of this economy and most people get their paychecks through the job market, of course. So that's why we think that this is consistent with a transition to steady and stabler growth.Aug. 5, 2022

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Adm. Stavridis: China has Taiwan surrounded by de facto blockade following Pelosi06:48

Sen. Casey: Senate bill is significant investment to lower emissions and prescription drug prices08:46

Dr. Vin Gupta: Colleges, schools, congregate living facilities must prepare for monkeypox03:35

Rev. Al Sharpton: Griner sentence an absolute moral outrage, but she has millions of supporters05:25

Now Playing

Jared Bernstein: Economy has recovered pandemic job losses on way toward steady and stabler growth05:17

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Jared Bernstein: Economy has recovered pandemic job losses on way toward steady and stabler growth - MSNBC

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