economy, along with the july unemployment numbers showing the unemployment rate dropped 7.4%. month after month the administration touted those improvements with cautious enthusiasm. i think the general pattern is that the economy is continuing to heal. we have a lot of distance to go, to go back to full health. another unemployment number offers an entirely different picture for pessimists and may explain why businesses remain hesitant to expand. it s the u-6 rate which includes underemployment, parttime employment, and marginally attached workers. it stood at 14.3% for the month of july. worse, the unemployment rate for the millenia generation remains at 16.1%. if you look deeper into that number, it s not just 16.1%. only 43.6% of young americans
attempts to invest in infrastructu infrastructure, create job training programs. its hospital mystic forecasting often we re talking about. u-6 rate. that s the one that reflects underemployment, part-time employment and discouraged workers who have given up looking. that number for july was 14.3%. 1.8 million americans have given up looking for work. the effects of unemployment rate for my generation is 16.1%. there s a tragedy going on. but if you look deeper into that number, it s not just 16.1%. only 43.6% of young americans have full-time work right now. if you re in my generation, you re not finding economic opportunity. feinberg goes on to say that 1/3 of his generation are moving back home with their parents. that s something that we really have not seen since the great depression. a dynamic that really defies national order for young adults to seek their own lives an the implications of that are
there is a tragedy going on. if you look deeper into the number over 43.6% of young americans have full-time work right now. so if you are in my generation you are not finding economic opportunity. reporter: the implications are ominous. working will need to foot the bill for retirement for baby boomers. obama care depends on the young to support the cost of the elderly. the average adult american pays ten percent of their income to pay for their adult children. a third of my peers 18 through 29 year olds are moving back in with their parents. reporter: research shows they are delaying marriage and putting off car purchases and home purchases. the president believes that is about to change. if you look at the numbers the amount of new family formation is going to be increasing fairly rapidly. there is going to be pent up demand. reporter: it all hinges of
started as the spirit airlines flight left the gate. he was taken off the plane, and the flight was cleared for departure. when will alec baldwin ever learn. thanksgiving getaway rush is shifting into high gear. peaking tomorrow on what aaa is calling the busiest travel day of the year. once again. 43.6 americans are expected to travel at least 50 miles. 90% of them will go by car. experts say, try to avoid the 5:00 to 7:00 p.m. rush, the risk of fatal crashes is the greatest. keep your eyes peeled for deer in the fall mating system. of course, logical thing to remember here, plan your route ahead of time. oh. i wasn t planning on doing that. you were just going to drive until you came to somebody s house. if you re driving in the pacific northwest or northern california, be sure to give yourself plenty of extra time to cope with stormy weather. washington and oregon taking a pounding from torrential rain, flooding, mudslides, and hurricane force wind, gusting as
problems there, jon, there is no question about it. you know, it is interesting even john kerry did better in many of those blue-collar counties than barack obama did. of course obama carried ohio fairly handily and carry kerry lost ohio. that is why he lost the 2004 election. president obama has an enduring problem with many of these blue-collar workers in ohio and elsewhere. jon: let me start with the ohio, real clear politics average of the polls. i m going to show ohio first. i hope i m taking these a little bit out of our intended order. in ohio, according to real clear politics average of the polls, president has 46.2%. governor romney 43.6. pretty tight race. if you go to north carolina, same thing. the positions are reversed. mitt romney leads in north carolina 47.3, to 45.3. north carolina is a state that the president is banking on.