kriti: rebecca rainey walking us through those labor issues. thank you.for a special coverage. i will be in the field tomorrow. we will talk about the rail strike as we count down to thursday midnight into friday. that is going to be the key time to decide, is what washington is doing enough? jon: no doubt we will watch your coverage closely. as we roll through this hour we are going to talk more about news on the technology sector. twilio the latest to announce job cuts after they had sizable growth in their words "too fast." this is bloomberg. ♪ jon: this is "bloomberg markets ." i am jon erlichman alongside kriti gupta. it is time for what it is worth. twilio announcing it will cut 11% of jobs as part of a restructuring after rapid expansion. when we talk about these technology companies, we have seen this in canada as well with shopify, the ceo had to offer mea culpa. they were watching the market grow but in this environment you are seeing it, not just a technology, but the auto sector, banking industry, these reality checks. this is something the fe

. >> host: rebecca rainey is bloomberg lost senior department reporter. you can read her reporting at news dot bloomberg.com. thanks so much forng being withs this morning. >> guest: appreciate you having me. >> the use senate returns from their summer recess today lawmakers are expected to vote to advance john lee to the seventh circuit court of appeals which covers illinois, indiana and wisconsin. if confirmed he would be the first asian-american judge to serve in that court. and looking ahead over the next couple of weeks senators will vote on a spending bill to keep the federal government open past september 30. also measure reauthorizing fda programs and user fees which also expire at the end of the month. live now to the floor of the u.s. senate here on c-span2. the presiding officer: the senate will come to order. the chaplain will lead the senate in prayer. the chaplain:let us pray. beautiful savior, you have been our dwelling place in all generations, and we are sustained by your stest love. today surround our senators with the shield of your ble

law and rebecca rainey thank you for joining us this morning. >> guest: thank you soin much for having me. >> host: we have the jobs numbers on friday with 315,000 jobs added in august, the unemployment percentage, 3.7%. what is overall the state of the labor market, the job market in the economy especially as we head into an election season here in just over nine weeks? >> guest: so looking at the top line number we did see unemployment pick up just slightly in august. this may be i a good thing. the reason being is we added more workers to the labor force, more people came off the sidelines interested in participating come searching, actively searching for a job which overall is a good thing. when it comes to the state of the labor force, i think workers have seen considerable gains since the beginning of the pandemic. keepingg in mind the absolute devastation a lot of people dealt with having absolutely no job and being laid off while in some industries where that work would never come back. i think because of the health and safety risks workers had to navigate during the pandemic a