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Good evening I'm -- -- we begin tonight with the confusing jobs picture in America.
Sometimes in Washington and on the campaign trail you here.
Candidates calling for one armed economists.
So those economists can't say on the one hand and on the other hand.
In other words you can use numbers to prove anything that's even remotely true so -- one key unemployment indicator hits a six year low.
We take a closer look at some of the arithmetic.
You don't often hear about here's correspondent -- -- Over the last four weeks jobless claims dropped to 335500.
On average the lowest level since November of 2007.
It is another sign coupled with last month's unemployment rate dropped to seven point 4%.
That the economy may be pulling out of the doldrums.
I think that general pattern that's emerging from this report other data coming in its economy is continuing to he'll put another.
Deployment number offers a different picture and may help to explain why businesses remain hesitant to expect.
It is the -- six rate which includes under employment part time employment and discourage workers who've given up.
It stands at fourteen point 3% or in the fifth year of a recovery and yet people are dropping out of the workforce.
I've been an economist for thirty years I've never seen that happen before -- still all the unemployment rate for the millennial generation is higher at sixteen point 1%.
There's a tragedy on on but if you look deeper into that number it's not just sixteen point 1% only 43 point 6% and young Americans.
Have full time work right now.
So if you're if you're my generation you're not -- economic opportunity.
The implications are ominous working millennial will be needed to foot the bill for entitlements of the retiring baby boomers.
Obamacare largely depends on the young to support the cost of the -- But it goes deeper than that the average adult American right now pays 10% of their income to pay for their adult children.
Third of my peers teaching -- point nine -- are moving back in with their parents.
Research shows more meals are delaying marriage and putting off car purchases and home purchases major drivers of the economy.
The president believes that is about to change.
If you look at the numbers.
The -- a new family formation.
Is going to be increasing fairly rapidly there's going to be pent up demand.
Put it all hinges on job opportunity even those -- deals with financial wherewithal and entrepreneurial spirit.
Often find roadblocks to success Feinberg accounts of friends seeking to start his own business at a bar.
You amount of taxes and regulations and red tape at every level of government city state federal.
We're in his way of starting up -- said he couldn't do it.
Can't complicating the unemployment picture study showed no longer what has been out of the workforce the harder it is to get back in and the difficulty is more pronounced in a tight labor market -- Could Doug thank you.
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