if you listen to the way lead conservatives and the base talked, it would have been an affront to them if they didn t accept that romney was defining what they stood for. shira, talk about the swing states and swing voters in those states. we ll show our viewers this map right here, iowa, pennsylvania, and florida have large populations of over the age of 65. here we go. 14.9% in iowa. 15.4% in pennsylvania. over 17% in florida. is mitt romney risking the loss of those states with paul ryan on the ticket because of his budget plan and the push for the reduction of fundi ining to mede here? there s no question florida is going to be a problem for romney now given ryan s budget and the number of seniors in that state. i think that s what makes the ryan pick so interesting, is because in many ways he could be seeing we ll see how the next
a rise in the unemployment rate, that s a very important headline, which will be picked up widely. rich, i know you ve dug more deeply into the numbers. what is the so-called real unemployment rate? i believe the technical name is u 6. what s that? that s what you include folks who aren t looking for work. they re unemployed or don t think they can find a job. that unemployment rate is 15% and increased from last month at 14.9%. so an increase there. do we know if anyone or what number of people came into the labor force or dropped out of it? i think that s the labor participation rate. another strange number here when you put them all together. labor force decreases by 155,000. that s not a good number. 155,000 fewer people in the labor force and the unemployment rate goes up to 8.3%. that s an extraordinary contradiction. is there anything else in the numbers i should know about? government jobs versus private
americans increased from 12.7 million to 12.8 million and the total unemployed and under employed increased from 14.9% to 15%, and more numbers, that is an increase from 23.4 million to 23.5. bill: we ll go through all these numbers again throughout the hour here. in the meantime feathers are flying, aren t they? the chick-fil-a far from over. gay activists protesting the fast food chain today exercising their right to free speech. here is herman cain, same topic. as long as they don t break any laws or prevent the chick-fil-as from caring on business as usual they are free to do that. these why this is america. should the restaurant s chain krerbgs o havchain version o have the same right?
president later this morning. right now we here from stuart varney, anchor, fox business network. how do you analyze this number for the month? the mostlyally important number of the day is the rise in the unemployment rate to 8.3%. three months to an election the president does not want to see the unemployment rate rise. we also had a rise in the so-called real unemployment rate from 14.9 to 15%. the other side of the coin is the number of new jobs created. that is another important number here. 163,000. if you look more deeply you will find the number of new jobs created in june was revised lower. so you ve got a rise in the rate. 163,000 new jobs but fewer new jobs in the month before that. a rather negative report of all. bill: that is paltry where we are now. you say the real unemployment rate? yeah. bill: explain that again,
jerri start with the news of the day. the bad news is you have 163,000 jobs expanding, 155 people got out of the workforce. they are depressed. they don t think they can find a job. the real jobs rate, the number of people who got out of the jobs force plus the unemployed it rises from 14.9% to 15%. and that is a shocking number. bill: what our vires are watching now is the market take off on this. matt, explain why that is happening. the big reason the market is caking off, before the number came out the markets were up big. the reason for that is people were anticipating that ben bernanke and the federal reserve is going to come out at some point in the next couple of weeks and do another round of quantitative easing. today s headline numbers made it look great, but as was just explained underlying this headline number is disturbing