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Hiring was actually the best since February.
But that was not nearly enough to show new strengthen the economy not exactly the news the White House was looking forward just about three months ago before Election Day we expect to hear from the president.
A bit later this morning right now that we hear she's.
Anchor -- company Fox Business Network first how do you analyze.
For them but the most politically important number of the day is the rise in the unemployment rate to eight point 3%.
Three months to an election the president does not want to see the unemployment rate rise.
Also we had a rise in the so called real unemployment rate from 149.
The other side of the coin is the number of new jobs created that's another important number -- 163000.
But if you look more deeply you'll find a number of new jobs created in June was revised -- law.
So you've got a rise in the right.
New jobs but few good new jobs in the month before that in the front of the -- but -- negative.
Ripple until -- with 64000.
At poultry where we're now.
You say the real unemployment rate.
Yeah it is explain that again soon that's technically is called -- six.
Back and unemployment rate includes those who are unemployed.
Those who all in voluntarily doing part time book on those who have left the world -- that rate is now 15%.
What's that one -- seven roughly of the American population that is a very high number Andy went up in the month of July and how many people dropped out of labor force -- -- 55000.
Feet that's almost the equivalent of the jobs that were added explain how that work.
Work out well that's how it works that -- 155000.
Stop looking for what they dropped out of the labor force is interesting statistic bill.
Fewer people all -- looking -- today.
Then worked on the same day in the year 2000.
Even though the population is gone up 11%.
-- -- eleven million people this is America that is not.
Fully walking well let's look at history now go back 32 -- compared this recovery.
To what was happening in the early 1980s with bribery it is a very negative comparison for President Obama in July of 1984.
-- That was in the last year the first on the ball Reagan July back -- We created 3121000.
New jobs this July 163000.
If you look at all of 1984 the last media but mr.
Reagan's first it was three point eight million jobs -- it.
President Obama claims to a created four point one million in the last three and I.
Half years that big numbers -- point 3% and they're.
Our political implications of that number Stewart thank you see -- ninth when an FB -- context right now on the board behind me.
For the unemployment rate this goes back to December of 2007.
When the economy first started sight seeing some faltering right -- 5% unemployment.
It spiked to around 10% in 2009 the high point.
-- you -- December into January and started slowly moving down to the last few months were solid.
Flat line and now we see the uptick yet again and again today eight point 3%.
Which amounts to twelve point eight million people.
Without a job and that rate is also well above.
The yellow line here right about 6% -- a little lower that yellow line that's the signal where we need to be in order to get a healthy economy and we are off.
Long way from that.
At this point -- and has more in this.
Well bill responses coming in on those jobs numbers buying -- Davis the chairman of the Republican National Committee saying quote.
Last week President Obama said we tried our plan and it worked.
With the unemployment rate going up again it's obvious that plan didn't work at all according to -- this who went on to say the president has not created jobs.
But squandered taxpayer dollars on companies like Solyndra.
We'll waiting for some response from the White House citizens that get that we'll bring it to you.
The president is set to address this issue when he speaks at 11:45 AM eastern.
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