by 43% from 10.6 trillion to 15.2. kind of astounding. here to analyze fox business anchor lou dobbs. i don t want to beat up on president obama because that s just partisan stuff and we don t want to do that. but what i don t understand is, it doesn t seem to resonate with the american people that we are this is a catastrophe. it is a catastrophe to owe this kind of money and it doesn t seem to be any urgency in washington to fix it amend the voters aren t running around demanding it be fixed. they are going to up it to 1.2. it s going to happen. nobody is going to stand in his way. part of the deal from last summer, bill as you know. this is the third trawnch, amazing. $400 billion. then 900 billion this fall and now 1.2 trillion. we re headed toward $16.5 trillion. no one. bill: in debt. in debt. bill: people say that s not real money. they don t believe it s real money. we are paying we the united states of america $10 billion a day in interest.
by 43% from 10.6 trillion to 15.2. kind of astounding. here to analyze fox business anchor lou dobbs. i don t want to beat up on president obama because that s just partisan stuff and we don t want to do that. but what i don t understand is, it doesn t seem to resonate with the american people that we are this is a catastrophe. it is a catastrophe to owe this kind of money and it doesn t seem to be any urgency in washington to fix it amend the voters aren t running around demanding it be fixed. they are going to up it to 1.2. it s going to happen. nobody is going to stand in his way. part of the deal from last summer, bill as you know. this is the third trawnch, amazing. $400 billion. then 900 billion this fall and now 1.2 trillion. we re headed toward $16.5 trillion. no one. bill: in debt. in debt. bill: people say that s not real money. they don t believe it s real money. we are paying we the united states of america $10 billion a day in interest.
43% have been out of work more than 27 weeks. if officials did count them, the latest rate of 8.5% would be much higher. 15.2% in december. and so that number is really almost double the official unemployment rate. and that gives you a much better, much more realistic picture of the labor market. reporter: now even though economists agree there is mild improvement in the economy, and the labor market, that holds risks for president obama. this is where it gets interesting for politics. analysts in both parties say he may phase rising unemployment rates in the midst of an election year. listen. as and economy improves, sometimes the unemployment rate can actually go back up, as some of those disurge coulded workers come out and say, hey, if there is jobs i will start looking for work. reporter: so, just as some of the republican candidates peaked too early, president obama has to worry
good news from retail to manufacturing to mining, but the question is it going to last? that is real question. when we do look at incomes and we re looking at work hours did increase a bit as incomes which are v all very positive things. the underemployment rate when you look at the people who dropped out of the work force and people who are part time but want to be full time, it s up near 15.2%. when you add people that college grads working at starbucks and fast foods, it s closer to 18%. there are some things out there. undeny ri this better than what it used to be and we could use a lot more. heather: will it continue? so what about the sectors that saw a drop-off. we talked about the ones that
that rate fell as well in december. but to 15.2%. and that is very high compared to past recessions. it is the one many economists use to measure real unemployment. if you add in college grads who are not working in jobs which require college da plow mas in places like fast food or starbucks it is closer to 18%. still, this report was better than many we have seen. we just need a lot more of them. and that is why on wall street the bulls weren t working up after word of the jobs hit. the dow ended friday bit down. one thing investors may realize is that even at this rate it will take years to get back all of the jobs lost in the recession. and the street also seems focused on whether europe is just getting ready to jump into a recession of the type we have come out of. and what that will mean to a recovery that has just started