AT A THREE HUNDRED THIRTY NINE THOUSAND JOBS LAST THIRTY NINE THOUSAND JOBS LAST MONTH, BEATING ANALYST MONTH, BEATING ANALYST EXPECTATIONS. EXPECTATIONS. MEANWHILE, PRESIDENT BIDEN MEANWHILE, PRESIDENT BIDEN IS CALLING IT A GOOD DAY FOR IS CALLING IT A GOOD DAY FOR THE AMERICAN ECONOMY THE AMERICAN ECONOMY AND AMERICAN WORKERS AS HE AND AMERICAN WORKERS AS HE PREPARES TO SIGN THE BUDGET PREPARES TO SIGN THE BUDGET DEAL ON THE DEBT LIMIT INTO DEAL ON THE DEBT LIMIT INTO LAW. LAW. ABC NEWS BUSINESS REPORT ABC NEWS BUSINESS REPORT ALEXIS CHRISTOFOROUS IS MORE ALEXIS CHRISTOFOROUS IS MORE ON THE INDUSTRY'S HIRING. ON THE INDUSTRY'S HIRING. >> AND YOU'RE THE BUSINESS >> AND YOU'RE THE BUSINESS HEADLINES. HEADLINES. IT LOOKS TO BE WATCHING TODAY. IT LOOKS TO BE WATCHING TODAY. WE'VE GOT OURSELVES A BUSY WE'VE GOT OURSELVES A BUSY BUSINESS DAY, DIANE . BUSINESS DAY, DIANE . SO THE JOB MARKET WILL START SO THE JOB MARKET WILL START THERE, CONTINUES TO DEFY THERE, CONTINUES TO DEFY EXPECTATIONS. EXPECTATIONS. DESPITE RISING BORROWING COSTS DESPITE RISING BORROWING COSTS AND STUBBORNLY HIGH INFLATION, AND STUBBORNLY HIGH INFLATION, THE U.S. ECONOMY ADDED THE U.S. ECONOMY ADDED THREE HUNDRED THREE HUNDRED THIRTY NINE THOUSAND JOBS LAST THIRTY NINE THOUSAND JOBS LAST MUCH MORE THAN EXPECTED. MUCH MORE THAN EXPECTED. THE UNEMPLOYMENT RATE TICKED UP THE UNEMPLOYMENT RATE TICKED UP TO THREE POINT SEVEN PERCENT. TO THREE POINT SEVEN PERCENT. WAGES, BY THE WAY, DID RISE, WAGES, BY THE WAY, DID RISE, BUT MODESTLY UP THREE TENTHS OF BUT MODESTLY UP THREE TENTHS OF A PERCENT MONTH OVER MONTH. A PERCENT MONTH OVER MONTH. THE MOST JOB GAINS WERE IN THE MOST JOB GAINS WERE IN PROFESSIONAL AND BUSINESS PROFESSIONAL AND BUSINESS SERVICES, GOVERNMENT HEALTH SERVICES, GOVERNMENT HEALTH CARE AND CONSTRUCTION. CARE AND CONSTRUCTION. WHILE DEMAND FOR CONTRACTED WHILE DEMAND FOR CONTRACTED WORKERS STARTING TO GAIN STEAM WORKERS STARTING TO GAIN STEAM ON SITES LIKE LINKEDIN, WE'RE ON SITES LIKE LINKEDIN, WE'RE ALSO SEEING AN INCREASE IN ALSO SEEING AN INCREASE IN CONTRACTOR ROLES. CONTRACTOR ROLES. AND THIS IS REALLY INTERESTING AND THIS IS REALLY INTERESTING BECAUSE WHILE IT MAY NOT BECAUSE WHILE IT MAY NOT GIVE YOU ALL OF THAT, GIVE YOU ALL OF THAT, THE SECURITY OF A FULL TIME THE SECURITY OF A FULL TIME EMPLOYMENT, WE ARE SEEING EMPLOYMENT, WE ARE SEEING INCREASED CONTRACTOR ROLES INCREASED CONTRACTOR ROLES ON LINKEDIN. ON LINKEDIN. AND THIS IS GREAT BECAUSE IT AND THIS IS GREAT BECAUSE IT DOES GIVE YOU YOU KIND OF DOES GIVE YOU YOU KIND OF A TEST RUN IN TERMS OF DO A TEST RUN IN TERMS OF DO YOU LIKE THE COMPANY? YOU LIKE THE COMPANY? DO YOU LIKE THE ROLE? DO YOU LIKE THE ROLE? DO YOU DO YOU LIKE THIS DO YOU DO YOU LIKE THIS INDUSTRY? INDUSTRY? SOME ECONOMISTS SAY TODAY'S SOME ECONOMISTS SAY TODAY'S STRONG JOBS REPORT COULD STRONG JOBS REPORT COULD PERSUADE THE FEDERAL RESERVE PERSUADE THE FEDERAL RESERVE TO RAISE INTEREST RATES FOR TO RAISE INTEREST RATES FOR THE 11TH STRAIGHT TIME LATER THE 11TH STRAIGHT TIME LATER THIS MONTH. THIS MONTH. COULD A FOUR DAY WORKWEEK COULD A FOUR DAY WORKWEEK BE COMING TO THE US ? BE COMING TO THE US ? WELL, THERE IS NO PUSH RIGHT WELL, THERE IS NO PUSH RIGHT NOW AT THE FEDERAL LEVEL JUST NOW AT THE FEDERAL LEVEL JUST YET, BUT SOME STATES ARE YET, BUT SOME STATES ARE EXPERIMENTAL WITH A SHORTER EXPERIMENTAL WITH A SHORTER WORKWEEK. WORKWEEK. LAWMAKERS IN MASSACHUSETTS LAWMAKERS IN MASSACHUSETTS INTRODUCED A BILL THIS SPRING INTRODUCED A BILL THIS SPRING THAT WOULD PROVIDE EMPLOYERS THAT WOULD PROVIDE EMPLOYERS WITH A TAX CREDIT IF THEY SHIFT WITH A TAX CREDIT IF THEY SHIFT AT LEAST 15 WORKERS TO FOUR AT LEAST 15 WORKERS TO FOUR DAYS A WEEK WITHOUT CUTTING DAYS A WEEK WITHOUT CUTTING THEIR PAY. THEIR PAY. AND CALIFORNIA LAWMAKERS AND CALIFORNIA LAWMAKERS INTRODUCED A BILL THAT WOULD INTRODUCED A BILL THAT WOULD SET THE STANDARD WORKWEEK AT SET THE STANDARD WORKWEEK AT THIRTY TWO HOURS. THIRTY TWO HOURS. STILL, SOME EXPERTS PREDICT IT STILL, SOME EXPERTS PREDICT IT COULD TAKE AT LEAST A DECADE COULD TAKE AT LEAST A DECADE FOR ANY CHANGES IN THE WORKWEEK FOR ANY CHANGES IN THE WORKWEEK TO MAKE THEIR WAY TO THE TO MAKE THEIR WAY TO THE FEDERAL LEVEL. FEDERAL LEVEL. AND HERE'S AN IMPORTANT AND HERE'S AN IMPORTANT REMINDER. REMINDER. IF YOU KEEP MONEY SITTING IN IF YOU KEEP MONEY SITTING IN APPS LIKE PAYPAL, VENMO, CASH , APPS LIKE PAYPAL, VENMO, CASH , AND ZEL, YOU MAY WANT AND ZEL, YOU MAY WANT TO RETHINK THAT AFTER HEARING TO RETHINK THAT AFTER HEARING THE STORY. THE STORY. GOVERNMENT REGULATORS ARE GOVERNMENT REGULATORS ARE WARNING THAT PEOPLE WHO KEEP WARNING THAT PEOPLE WHO KEEP CASH WITH THOSE PAYMENT TOOLS CASH WITH THOSE PAYMENT TOOLS MAY LOSE THEIR MONEY IN MAY LOSE THEIR MONEY IN A CRISIS BECAUSE THOSE FUNDS A CRISIS BECAUSE THOSE FUNDS ARE NOT PROTECTED BY THE FDIC. ARE NOT PROTECTED BY THE FDIC. IF A PAYMENT SERVICE SUDDENLY IF A PAYMENT SERVICE SUDDENLY FAILS CONSUMERS FUNDS STORED FAILS CONSUMERS FUNDS STORED ON THOSE APPS COULD BE LOST. ON THOSE APPS COULD BE LOST. YOUR BEST BET. YOUR BEST BET. DON'T LEAVE MONEY IN THOSE DON'T LEAVE MONEY IN THOSE ACCOUNTS. ACCOUNTS. REGULARLY. REGULARLY. TRANSFER MONEY FROM THE APPS TRANSFER MONEY FROM THE APPS TO YOUR BANK ACCOUNT. TO YOUR BANK ACCOUNT. I SPEAK FROM EXPERIENCE. I SPEAK FROM EXPERIENCE. >> I ALWAYS DO THAT. >> I ALWAYS DO THAT. I NEVER LIKE TO KEEP IT HANGING I NEVER LIKE TO KEEP IT HANGING OUT THERE. OUT THERE. MEDIATED. MEDIATED. BUT NOW I'M REALIZING I HAVEN'T BUT NOW I'M REALIZING I HAVEN'T DONE THAT IN A WHILE. DONE THAT IN A WHILE. YOU'RE REMINDING ME THAT I HAVE YOU'RE REMINDING ME THAT I HAVE TO GO CHECK THOSE OUT. TO GO CHECK THOSE OUT. >> ALEXIS MEGAN HUGHES YOU CAN >> ALEXIS MEGAN HUGHES YOU CAN USE . USE . AND IF YOU WANT TO ASK AND IF YOU WANT TO ASK ALEXIS ANY PERSONAL FINANCE ALEXIS ANY PERSONAL FINANCE QUES