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Commerce Sec. Raimondo reacts to new jobs report, talks inflation and labor shortage

07:57

U.S. Department of Commerce Secretary, Gina Raimondo, responds to the breaking news that the economy added 943,000 jobs in July and the unemployment rate plunged to 5.4 from 5.9 percent. She tells Stephanie Ruhle it's "a good news story" but "it's not perfect," and discusses inflation along with labor shortages.