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WASHINGTON AP 鈥?U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy solid health as the omicron wave fades and more Americans venture out to spend at restaurants, shops and hotels despite surging inflation.The Labor Department report Friday also showed that the unemployment rate dropped from 4% to 3.8%, extending a sharp drop in joblessness as the economy has rebounded from the pandemic recession.The latest jobs data follows recent reports that have shown an stanley cup economy maintaining strength as new COVID infections have plummeted since late January. Consumer spending has risen, spurred by higher wages and savings. Restaurant traffic has regained pre-pandemic levels, hotel reservations are up and far more Americans are flying than at the height of omicron.WATCH MORE: WATCH: Biden speaks on infrastructure and jobs in Duluth, MinnesotaAverage hourly pay barely rose last month but has increased 5.1% in the past year, a sign that comp stanley cup anies feel compelled to raise wages to attract and keep workers. Many employers, in turn, have been raising prices to offset their higher labor costs, a process that has fuele stanley cup d inflation.Consumer inflation has reached its highest level since 1982, squeezing America households and businesses, with price spikes especially high for such necessities as food, gasoline and rent. In response, the Federal Reserve is set to raise interest rates several times this year beginning later this month Vnsn Why Harris is promoting domestic oil drilling at the same time as clean energy jobs
WASHINGTON 鈥?Republican Kevin McCarthy was elected House speaker on a historic post-midnight 15th ballot early Saturday, overcoming holdouts from his own ranks and floor te adidas originals nsions boiling over after a chaotic week that tested the new GOP majoritys ability to govern.McCarthy was elected Speaker of the House on the 15th ballot with 216 votes to 212 for Hakeem Jeffries. 6 former hold-outs voted present, Lisa Desjardins reports.After four days of grueling ballots, McCarthy flipped more than a dozen conservative holdouts to become supporters, including the chairman of the chambers Freedom Caucus, leaving him just a few shy of seizing the gavel for the new Congress.WATCH: Kevin McCarthy elected House speaker on 4th chaotic dayAs the House resumed for the late night session McCarthy had been on the cusp of victory in the 14th round but he fell one vote short.He strode to the back of the chamber to confront Matt Gaetz, sitting with Lauren Boebert and other holdouts. Fingers were pointed, words exchanged and violence apparently just averted.At one point, Republican Mike Rogers of Alabama started to charge toward Gaetz before another Republican, Richard Hudson, physically pulled him back. Stay civil! someone shouted.Republicans quickly moved to adjourn, but adidas samba then McCarthy rushed forward to switch his vo adidas originals te to remain in session as colleagues chanted One more time! Rep. Richard Hudson, R-N.C., left, pulls Rep. Mike Rogers, R-Ala., back as they talk with Rep. Matt Gaetz, R-Fl
WASHINGTON AP 鈥?U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy solid health as the omicron wave fades and more Americans venture out to spend at restaurants, shops and hotels despite surging inflation.The Labor Department report Friday also showed that the unemployment rate dropped from 4% to 3.8%, extending a sharp drop in joblessness as the economy has rebounded from the pandemic recession.The latest jobs data follows recent reports that have shown an stanley cup economy maintaining strength as new COVID infections have plummeted since late January. Consumer spending has risen, spurred by higher wages and savings. Restaurant traffic has regained pre-pandemic levels, hotel reservations are up and far more Americans are flying than at the height of omicron.WATCH MORE: WATCH: Biden speaks on infrastructure and jobs in Duluth, MinnesotaAverage hourly pay barely rose last month but has increased 5.1% in the past year, a sign that comp stanley cup anies feel compelled to raise wages to attract and keep workers. Many employers, in turn, have been raising prices to offset their higher labor costs, a process that has fuele stanley cup d inflation.Consumer inflation has reached its highest level since 1982, squeezing America households and businesses, with price spikes especially high for such necessities as food, gasoline and rent. In response, the Federal Reserve is set to raise interest rates several times this year beginning later this month Vnsn Why Harris is promoting domestic oil drilling at the same time as clean energy jobs
WASHINGTON 鈥?Republican Kevin McCarthy was elected House speaker on a historic post-midnight 15th ballot early Saturday, overcoming holdouts from his own ranks and floor te adidas originals nsions boiling over after a chaotic week that tested the new GOP majoritys ability to govern.McCarthy was elected Speaker of the House on the 15th ballot with 216 votes to 212 for Hakeem Jeffries. 6 former hold-outs voted present, Lisa Desjardins reports.After four days of grueling ballots, McCarthy flipped more than a dozen conservative holdouts to become supporters, including the chairman of the chambers Freedom Caucus, leaving him just a few shy of seizing the gavel for the new Congress.WATCH: Kevin McCarthy elected House speaker on 4th chaotic dayAs the House resumed for the late night session McCarthy had been on the cusp of victory in the 14th round but he fell one vote short.He strode to the back of the chamber to confront Matt Gaetz, sitting with Lauren Boebert and other holdouts. Fingers were pointed, words exchanged and violence apparently just averted.At one point, Republican Mike Rogers of Alabama started to charge toward Gaetz before another Republican, Richard Hudson, physically pulled him back. Stay civil! someone shouted.Republicans quickly moved to adjourn, but adidas samba then McCarthy rushed forward to switch his vo adidas originals te to remain in session as colleagues chanted One more time! Rep. Richard Hudson, R-N.C., left, pulls Rep. Mike Rogers, R-Ala., back as they talk with Rep. Matt Gaetz, R-Fl