Hi, I'm Dan Pramak, and welcome to Axios Recap, where we dig into one big story.

Today is Friday, June 4th.

AMC's stock is up.

A government report is shooting down the existence of alien UFOs, and we're focused on the new

jobs report.

The U.S. Labor Department this morning reported that the economy added 559,000 jobs last

month and that the unemployment rate fell from 6.1% to 5.8%.

The big picture is this report played pretty well for those who believe the economy is recovering

strong, and also for those

who think it isn't. That 559,000 number is objectively a really, really good number, more than

double from April's disappointing report, and way higher than any monthly jobs report from after

the 2009 financial crisis. And the unemployment rate? Well, that's the lowest since before the pandemic.

Critics, though, are already pointing out that economist estimates were for around 100,000 more jobs

to be added. And there were even whispers of hitting 1 million, kind of suggesting that the

jobs recovery is weaker than it should be. And adding fuel to the argument that expanded unemployment

benefits are keeping

some people out of the workforce. So today we want to dig into the new jobs report, to go below

the headline number and also understand what it means for President Biden's big spending plans.

For that, we'll be joined in 15 seconds by Axios business reporters Courtney Brown and Felix Salmon.

But first, this.

We're joined now by Axios business reporters Felix Salmon and Courtney Brown. Courtney, you get

this jobs report at 8.30 this morning. Your initial reaction is what? My initial reaction is good.

...