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Speaker 1: Joining us now from Washington. Is Judy Sue, the acting

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Speaker 1: US Labor Secretary. Acting Labor Secretary. You wanted fully catch

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Speaker 1: up with you, it always is. I want to go

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Speaker 1: back to eight thirty, just briefly, if we can. I

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Speaker 1: got a lot of feedback at eight thirty Eastern time

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Speaker 1: about not being able to access the BLS website to

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Speaker 1: get this information, to get this data. I'm told that

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Speaker 1: the message they got on the screen was you were

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Speaker 1: blocked from the BLS website.

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Speaker 2: What was going on at eight thirty? What was the difficulty?

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Speaker 3: I don't know what happened with the website. I will

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Speaker 3: say that our jobs numbers today showed that one hundred

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Speaker 3: and ninety nine thousand jobs were added last month, that

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Speaker 3: we have the lowest unemployment rate for the longest period

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Speaker 3: of time since Dana Ross was at the top of

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Speaker 3: the charts, and it reflects continued steady growth in our economy.

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Speaker 3: I'm sorry to hear that you weren't able to get that,

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Speaker 3: but I'm happy to talk about any of the data

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Speaker 3: that's come out.

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Speaker 1: Well, let's talk about it coming out next month and

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Speaker 1: the month after that and a month after that. Can

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Speaker 1: we revisit the lockup, Julie and have a lock up

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Speaker 1: and make sure this data gets out efficiently and effectively,

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Speaker 1: given it's probably the most important data point on the planet.

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Speaker 3: I completely agree on the importance of the data. We

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Speaker 3: come out to talk about it every time because it

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Speaker 3: demonstrates the healthy of the economy. It demonstrates, you know,

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Speaker 3: whether economic policies are working. And what we've seen is

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Speaker 3: steadily since President Biden came into office, fourteen point one

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Speaker 3: million jobs created, again broad based across numerous sectors, low

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Speaker 3: unemployment rates, and real wages rising. So we're very happy

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Speaker 3: to make sure that you are getting the information that

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Speaker 3: you need to help us tell the story about the

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Speaker 3: impact of Bidenomics across the country.

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Speaker 2: You really don't want to talk about this to you?

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Speaker 3: No, no, I'm not trying to avoid it. I obviously

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Speaker 3: believe that the data has to be available, but it's.

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Speaker 1: Not to all of you, and it wasn't. So how

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Speaker 1: can we fix that for next month?

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Speaker 2: I hear you on that.

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Speaker 1: Okay, maybe you should can respond to me in the

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Speaker 1: future at some point in the next week or so,

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Speaker 1: and I can share that answer to our listeners and

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Speaker 1: our viewers. Let's talk about the data on the surface,

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Speaker 1: it looks great. This is from Catholic Economics this morning.

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Speaker 1: The response from them this morning, just going beneath the surface,

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Speaker 1: respectable organization saying this, the one ninety nine increase in

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Speaker 1: November payroll employment included forty seven workers forty seven thousand

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Speaker 1: workers returning from strikes, stripping out that one off boost.

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Speaker 1: The one fifty two game was roughly the same as

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Speaker 1: the mutant increase in October. Moreover, of that one fifty two,

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Speaker 1: forty nine thousand, with government jobs a further seventy seven

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Speaker 1: k in healthcare. Excluding those non cyclical sectors, the economy

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Speaker 1: added only twenty six thousand jobs, which adds to the

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Speaker 1: evidence that after a very strong third quarter, growth is

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Speaker 1: slow into a crawl in the fourth quarter.

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Speaker 2: Ginny, what would you make of that?

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Speaker 3: I think what we're seeing is, again we look at

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Speaker 3: overall trends in the economy. We've seen job growth at record,

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Speaker 3: certainly faster than anybody predicted coming out of the pandemic.

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Speaker 3: But it wasn't just like you know, one time boost

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Speaker 3: in the immediate post pandemic months. It's been year over

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Speaker 3: year growth. We're also seeing it across numerous industries and

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Speaker 3: we're seeing it in you know, overall, right, over eight

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Speaker 3: hundred thousand jobs created in construction, over six hundred thousand

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Speaker 3: in manufacturing since President Biden came into office. And yes,

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Speaker 3: we also saw workers come back on the payroll after

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Speaker 3: strikes that resulted in record wage increases and other kinds

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Speaker 3: of benefits, retirement benefits, health benefits that we really associate

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Speaker 3: with what we want for working people. Right It's what

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Speaker 3: gives families a sense of security. It's what gives individuals

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Speaker 3: what the President always talks about, which is some breathing room.

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Speaker 3: And that's the kind of economy that we want to

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Speaker 3: build that we are seeing. We have more work to do,

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Speaker 3: and we'll continue to build on the progress that we've made.

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Speaker 3: Many of the investments that the President has helped to

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Speaker 3: make possible are showing up in communities forty thousand some

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Speaker 3: infrastructure projects across four thousand, five hundred communities all across

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Speaker 3: the country. But we're just beginning with that, and so

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Speaker 3: we'll continue to see more of that. And the job's

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Speaker 3: numbers are just another you know, indicator of that growth

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Speaker 3: and what its impact means.

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Speaker 1: What do you think this is not resonating with the

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Speaker 1: elector of shas and Poe CNN more than four and ten,

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Speaker 1: saying that seriously concerned rising costs could push them out

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Speaker 1: of their own community Sploomberg together with Morning Console, only

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Speaker 1: thirty five percent of voters in seven swing states trust

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Speaker 1: Biden on the economy. Where's that disconnect coming from? Right?

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Speaker 3: So, one thing President Biden does talk a lot about,

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Speaker 3: to your point, is we want to make sure that

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Speaker 3: there are jobs in communities so people can get jobs

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Speaker 3: and build, you know, build a family and join the

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Speaker 3: middle class without leaving the place that they work they live.

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Speaker 2: I was with.

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Speaker 3: Him when we went to Velvedere, Illinois, where a plant

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Speaker 3: that had been shuttered is now being real opened because

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Speaker 3: of the agreement between the UAW and the Big Three.

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Speaker 3: I do think some of this is still you know,

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Speaker 3: we had global you know pandemic, you know, and the

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Speaker 3: economic wreckage that resulted immediately in the aftermath of that. Again,

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Speaker 3: we have grown back from it, but the sense of

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Speaker 3: insecurity I think remains, and that's that's legitimate. The other

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Speaker 3: thing I you know, just from traveling on the country

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Speaker 3: and talking to folks, is I think that part of

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Speaker 3: this is that people really do see, you know, there's

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Speaker 3: jobs being created, there's training programs that are connecting them

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Speaker 3: to those jobs, but there remains deep inequities in our society,

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Speaker 3: and part of that is the huge gap between CEO

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Speaker 3: pay and frontline worker pay. So I talked about Diana Ross.

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Speaker 3: I talked about the good news that we are having

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Speaker 3: unemployment levels at record lows for the longest stretches since

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Speaker 3: nineteen seventy. In nineteen seventy, the disparity between CEO pay

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Speaker 3: and frontline pay was something like twenty percent.

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Speaker 2: Today it's over.

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Speaker 3: It was seventeen times hire the ceopay from worker pay.

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Speaker 2: Today it's something like three.

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Speaker 3: Hundred and forty four times.

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Speaker 2: That doesn't feel fair to people. It doesn't feel good.

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Speaker 3: And that's why President Biden talks about building an economy

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Speaker 3: from the middle out and the bottom up, where working

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Speaker 3: people and working families do well, not.

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Speaker 2: Just the wealthy.

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Speaker 1: Yeah, he's had a lot to say about corporate America

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Speaker 1: as well. I'm going to share a tweet from the

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Speaker 1: President with you, and I want your thoughts on it.

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Speaker 1: I want you to translate it if you can, because

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Speaker 1: I don't understand it. It says, let me be clear,

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Speaker 1: to any corporation that hasn't brought their prices back down.

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Speaker 1: Even if inflation has come down, It's time to stop

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Speaker 1: the price gouge and give American consumers a break.

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Speaker 2: What is the president talking about?

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Speaker 3: The President is saying that we have a job to

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Speaker 3: do in this country, and we want working people and

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Speaker 3: middle class families and community across the country to have

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Speaker 3: the things that they need to live a decent life.

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Speaker 3: We want safe roads and new bridges. We want clean

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Speaker 3: drinking water to flow out of every fox.

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Speaker 1: Yeah, that I want to you, But just this tweet specifically,

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Speaker 1: inflation is slowly but it's still positive, so prices are

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Speaker 1: going up. But the president's saying inflation has come down,

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Speaker 1: why corporation is still price couching. That's just economically speaking,

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Speaker 1: just absolutely flawed. So acting Labor Secretary who writes these tweets,

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Speaker 1: what's he talking about?

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Speaker 3: I mean, he's saying that we're all in this together

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Speaker 3: and we will pursue economic policies that help to bring

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Speaker 3: down prices and control inflation. But everyone's got a job

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Speaker 3: to do on that, and we you know, when there

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Speaker 3: are record profits by companies who are continuing to keep

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Speaker 3: prices high, we'd like them to play their role in

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Speaker 3: making sure that people can afford the basics they need

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Speaker 3: in life.

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Speaker 1: Appreciate it, Jenny, so thank you. The acting US Labor

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Speaker 1: Secretary