MSN - AP World MSN - AP World Copyright © 2010-2018 The Canadian Press. All rights reserved. Sat, 10 Dec 2022 05:52:33 +0000 AP Explains: Employers add 528K jobs in July July's US jobs report exceeded expectations, bolstering the administrations plans to tackle inflation. (Aug. 5) abe5c36dc6d245d690d0180b119c256c Fri, 05 Aug 2022 21:35:59 +0000 SHOTLIST:RESTRICTION SUMMARY:ASSOCIATED PRESSWashington – 5 August 2022++FULLY COVERED++1. SOUNDBITE: (English) Josh Boak, Associated Press:"I'm Josh Boak. White House correspondent for the Associated Press, covering the economy."ASSOCIATED PRESS:Washington – 5 August 20222. Wide of Josh Boak sitting at his desk in the White HouseASSOCIATED PRESSWashington – 5 August 2022++PARTIALLY COVERED++3. SOUNDBITE: (English) Josh Boak, Associated Press:"We just learned on Friday that the United States added 528,000 jobs in the month of July, and the unemployment rate dropped to 3.5%. That was well above expectations. A lot of economists had been expecting we would only add 250,000 jobs in July, and in fact the White House had cautioned that that could be as low on average going forward as 150,000 jobs. So this is a big beat."ASSOCIATED PRESSPhiladelphia, Pennsylvania – 22 June 20224. STILL of a help wanted sign is posted outside of business in PhiladelphiaASSOCIATED PRESSNew York, New York – 8 July 20225. Wide of a City Winery employee serving guests from behind the bar6. Mid of a City Winery cook making pizza in the kitchen 7. Wide of City Winery chefs preparing food in the kitchenPOOLWashington – 5 August 20228. SOUNDBITE: (English) United States President Joseph R. Biden:"Today there are more people working in America than before the pandemic began. In fact, there are more people working in America than in any point in American history."ASSOCIATED PRESSWashington – 5 August 2022++FULLY COVERED++9. SOUNDBITE: (English) Josh Boak, Associated Press:"What this job growth tells us, at this speed, at this pace, is that the US economy is much healthier than many Americans, many economists feared. There have been a lot of concerns about the United States being in a recession because the gross domestic product has fallen for the last six months. That's a rule of thumb that the economy is in a downturn. However, what the jobs growth tells us is that the economy might still be expanding in a variety of ways that mean we're not in a recession."ASSOCIATED PRESSSan Francisco, California – 26 January 202210. Mid of employees working inside office of e-commerce company Bolt11. Close of employee's hand moving over a computer mouseASSOCIATED PRESSNew York, New York – 15 July 202212. Wide of a bodega owner standing at the check-out counter of his store13. Wide of a cook preparing a bacon, egg and cheese sandwich ASSOCIATED PRESSNew York, New York – 14 July 202214. Track of person walking on the street with shopping bags ASSOCIATED PRESSWashington – 5 August 2022++PARTIALLY COVERED++15. SOUNDBITE: (English) Josh Boak, Associated Press:"So, what all does this mean? Well right now, a lot of top economists are still trying to understand. So we know that job growth is strong, that's a good thing if you're trying to keep your job or find a new one. But we also know that strong job growth could feed into inflation which is a drag on the economy and President Biden's ratings. All of this is to say that the administration has not been in denial, but so many of their fixes are long term in nature, whereas families are feeling their pain right now. And the question is whether voters reward the benefits that they haven't yet seen, or whether they'll still be frustrated by prices they see at gas stations, grocery stores and elsewhere."ASSOCIATED PRESSOcean City, New Jersey – 2 June 202216. STILL of a person walking past a help wanted sign in front of a business along the boardwalkASSOCIATED PRESSWarminster, Pennsylvania – 2 June 202217. STILL of a help wanted sign is posted on the side of a road ASSOCIATED PRESSLos Angeles, California – 7 July 202218. Wide of volunteer workers preparing boxes of donated food for distributionUS NETWORK POOLLower Macungie Township, Pennsylvania – 28 July 202119. Various of President Biden walking around Mack Truck plant greeting employeesASSOCIATED PRESSMendocino, California – 9 June 202220. Various of cars pulling into a gas station and customers pumping gasASSOCIATED PRESSWashington – 5 August 202221. SOUNDBITE: (English) Josh Boak, Associated Press:"The big point on all of this is that these numbers matter more and more, and we're going to have to keep monitoring them if we can figure out what's actually going on."STORYLINE:Defying anxiety about a possible recession and raging inflation, America's employers added a surprising 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession as the country's hiring boom continued. Unemployment fell to 3.5%, lowest since the pandemic struck in early 2020. July's job creation was up from 398,000 in June.  The American job market has repeatedly defied skeptics this year. Economists had expected only 250,000 new jobs in July.Associated Press White House reporter Josh Boak explains the recent job report, how it could have long-term effects on the economy, and if voters are willing to notice the administration's long game or focus on the immediate pains of inflation.===========================================================Clients are reminded: (i) to check the terms of their licence agreements for use of content outside news programming and that further advice and assistance can be obtained from the AP Archive on: Tel +44 (0) 20 7482 7482 Email: they should check with the applicable collecting society in their Territory regarding the clearance of any sound recording or performance included within the AP Television News service (iii) they have editorial responsibility for the use of all and any content included within the AP Television News service and for libel, privacy, compliance and third party rights applicable to their Territory. July's US jobs report exceeded expectations, bolstering the administrations plans to tackle inflation. (Aug. 5) AP Explains: Employers add 528K jobs in July