Jobs Numbers Set Shape of Campaign
new jobs numers lower than expected
- Duration 10:16
- Date Jul 6, 2012
new jobs numers lower than expected
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Eight point 2% number unacceptably high.
And one that's been in place now for over 41 months.
But in addition if you look at the broader.
Analysis of people who are out of work were dropped out of the workforce.
Or that are underemployed.
And part time jobs -- full time work.
It's almost 15% of the American public.
We can't be satisfied because our goal was never.
Just keep on.
Work and to get back to where we were back in 2007 I want to.
Get back to a time when middle class families and those working to get in the middle class has some basic security.
That's our goal we've got to go.
We've got to put it in.
And there is something on which Mitt Romney and Barack Obama happen to -- today which is that the jobs number out today from the Bureau of Labor Statistics for the month of June is not satisfactory.
And this is power play I am Chris -- -- And it's eight jobs report Friday here where the Bureau of Labor Statistics drops these numbers -- about workforce participation unemployment in the month of June the take away numbers are eight point 2%.
Is the top line number those significant numbers fourteen point 9% that's the number that probably was talking about there that's when you include people who were forced to take part time jobs or have dropped out of the labor force.
Economists do not like this number it missed expectations and it makes them feel a -- Friday.
But don't feel rap -- for too long because Alice Stewart is back -- she's a Republican strategist she is -- these spokeswoman for the concerned women.
And Debbie dingle our dear friend she's democratic strategist she's president of she's -- due to the congressman from Michigan who happens to be -- -- that house so welcome back ladies could have -- arrogant okay here.
Okay now let -- -- get serious here let's talk about this and big and important fashion.
With -- and from the Fox Business Network who was over at the White House and he's breaking down these numbers and their impact on the election all that good stuff brother -- and how we don't.
Do find Chris are you good good good are you ready to be big and serious works.
I am long way to be serious we'll find out at the end if I'm -- to -- as well but.
The new jobs never certainly weren't big we're expecting 90000 and just give up with population growth depending on the -- speak with.
You're looking and a 125000.
Job gains possibly closer to 200000 jobs -- a month.
Just to keep up with population growth and we've got here.
80000 jobs added in the month of June 8 point 2%.
Unemployment that holds steady the labor force did grow that can be seen as a good sign however the participation -- percentage of people in this country participating in the labor fort.
Force hold steady at a pretty anemic 63.
You heard governor Romney discuss the U six unemployment that's when you talk about all the folks in factor at all the folks.
Who are not looking for because they don't think they can find a job in there the unemployment rate increases to fourteen point 9% last month.
It was at about fourteen point 8%.
We had a very good first quarter in this country the job market did.
Adding on average 226000.
Jobs a month not so in the second quarter that's just finished.
An average of 75000.
Jobs added in the second month that is the weakest quarter since October 2010 and also those working part time for economic reasons.
Word that increased by a 1121000.
So this is pretty anemic job report.
Why and where we need to do better -- the White House as you heard is trying to say look we're not negative here we are adding jobs we agree we need to do better.
And the case that the administration still trying to make on the road whine that the economy would be in worse shape had it not been for the first -- the Obama administration and to.
Had Republicans agreed to spend more than we would not be in such a mess right now Republicans of course.
-- -- different case that.
The president has made the economy worse.
-- Rich Edson both big and important we thank you for that -- -- -- -- big jobs report Friday have a great week YouTube.
OK ladies so.
No surprises really in the response from the president and from Mitt Romney in terms of how they address this that certainly.
For Romney this it reinforces his argument.
And for the president.
He is trying to.
Holding a place that I describe this morning in my power play as.
Stay the course but just faster that -- on the right path but we just need to be doing -- -- if the Republicans would let him he could he could turn it around.
So let's start with the value Debbie on this question is that can the president stay in this argument you've been making.
It since the fall is this is sustainable argument for him what what he's gonna -- we'll.
We're gonna have to continue to see improvement in -- jobs.
In the next few months in Indiana and this election's going to be determined by who they believe.
Barack Obama or -- -- now we Romney does not have a lot of specifics for his job creation -- and either.
The president has had -- protection act.
Pain in the you know it's it's -- -- -- he's tried to get them to act on.
They -- not he is claiming if Republicans would.
-- in the congress in its they're trying to repeal health care next week actually do something to try to help gaps.
Question is what American people believe it or are we gonna start seeing self sustaining.
-- -- -- just the way to today's going to be reported is that a result -- consumer confidence going down.
It's human to going to be tricky but I'm not sure it Romney's been doing a better job of convincing people he's gonna turn it around because the policies he wants to go to greeted the -- Now will talk more about this Allison the next segment about -- strategy and his communications effort but what about Danny's point that from Romney.
He likes the -- with -- other day with bad economic news he likes to have this clear shot at the president and come out and do it.
Does he need to put out a -- it's specific and cleared jobs -- stuff like that.
Well he has put out specifics on his job planning including.
You know we're making reforms in the tax code to help job creators create jobs reducing the -- -- government regulations approving the Keystone Pipeline.
Once -- -- -- replaces obamacare that will help.
Certainly the economy but in terms of these jobs numbers this is devastating news for middle class Americans which.
What Obama has been.
Focusing on and you know his economic advisor has said this morning don't read too much into one report -- I agree with that let's look at the fact that we're looking at.
41 months of unemployment over 8% we're looking at second quarter of this year which is the worst in two years and in there's.
Obama himself in a statement says we shouldn't be satisfied when he's acknowledging the fact that Americans should not be satisfied.
With the stated the economy which is a direct result of his policies and his policies have failed to make things better for the American people and we do have specifics from governor non.
Or sixty -- 59 points is meant affects every call from the primary absolutely right some -- take.
Is Smart and also likes colleagues.
I can tell by the picture.
Says you do not add jobs if you are not getting at least a 150000.
New jobs and yes to explain this is a good point.
Economist varied 340125.
Sort of the census.
A consensus but just to keep up with population growth young people entering the workforce and -- and alluded to this.
You've got to have about 125000.
Just to stay where you are then of course the danger is as job market it was a -- which is what always happens is as the job market -- improved.
That bigger number that 15% -- those folks migrate back into the workforce and they say you know what I'm not gonna give up I -- my neighbor got a job I'm gonna go look and then you have to have more to keep pace so that's that's how that works good point our -- okay.
Debbie question for you.
Mitt Romney is doing better in the Rust Belt including your.
Van expected to -- he's struggling in Ohio polls continue to show him with a problem in Ohio.
But do better in Michigan Wisconsin and Pennsylvania than many people expected at the beginning.
The president is counting on his attacks on Romney's work at bank capital and work in the private sector.
Fact that he had money kept in banks overseas.
And things like that Choo get these voters.
To say I may -- be thrilled with you Mr.
President but this other guy is a vampire he's bad news.
Well I think it's more than just that I think that.
How the message message gets delivered in whether people are the least you know I think I issued I've said this many times as I think.
The -- appears discussed it with about party.
They're scared they're worried about their -- cost of everything isn't going down it it's who's going to -- they believe will protect your job than most think it kind of in every I would argue that it is they would -- policies that Republicans want to return team that created domestic.
It right now in the midwest where the numbers are tightening the other issue we -- when the most -- -- issues and I think we're Romney has done it I actually it's priced at that terrible job he has done.
And not talking about why he said what he did on the out of -- -- let them go bankrupt.
I think when he was in Michigan said this crease before -- he -- talked about why he did dad and I do not think he's done a good job but -- activating himself on this issue.
Or explaining why.
He -- I mean you're you're gonna explain it you get around you get -- when we come back I promise but we have to take a quick.
Internet TV timeout -- when we come back we'll talk about the running communications effort we'll talk about.
Completes on the grumbling on the right about -- and pastels and all of that stuff -- revisiting of the primary season all over again -- Mitt Romney tries to gains traction.
We'll close this segment.
-- comment from can you read this -- is jobs numbers are unsatisfactory.
That gives me a warm and Fuzzy feeling well there you go out of Friday so we're gonna take a quick break when we come back we'll talk about Mitt Romney's communications -- so stick around.