negative equity. vegas, 70%, 68% in reno, nef, orlando, 61.7%, and modesto, california, 58.5%. and home prices are declining as foreclosed properties sell at discounts and unemployment at 9%, continuing to hold potential homeowners back and economists say they are expecting a boom in home values later this year as the market recovers. the silver lining here, of course is that if you are in the market for a house, it is still a good time to buy, they say. experts say this is not necessarily a road to foreclosure, they say if you are able to stay in your home, continue to maker mortgage payments, this market will turn in around, and eventually, they believe homeowners will enjoy equity in their prompt, once again. but, staggering numbers today. martha: boy, that will require a lot of patience, with this market. and, want to stay in their home and continue their lives there and that is the major decision for most folks, laura, thank you
hesitate too much to get too openty miss tuck about retail seasonal jobs. we have only 58% employed at the moment. you can see how the great recession devastated the ranks of working americans in in country. 58.5% is a really really low number. so if you are not able to get one of those retail jobs and if you ve been doing everything right and haven t been able to get a job, it might not be your fault. it s just is there a way we can see that graphic again? i want to ask you something about it. 58.5 the working age population working at the moment. go back to 2006, 2007 when the unemployment rate in the country was half of what it is now. 5%. at that point we had under 64% of the population working. so when you say 58.5% of the
look at that. 58.5%. some people like to turn upsidedown and say if it s almost 10% moied that means 90% are working. it s way too low. you can do everything right and still not get a seasonal job and not blame the victim. it s because the economy is not working in your direction. that said there are openings and hiring for seasonal jobs in a lot of different kinds of areas. wells fargo is hiring some jobs. not necessarily seasonal. hewlett-packard, toys r us, ups ahiring 50,000 to be shipping those packages around. we talked about it yesterday at this time, intel hiring high tech jobs and construction jobs. how do you get and keep the jobs? you ve got the job and you ve gotten one of these seasonal jobs and you have to provide great customer service, your boss wants somebody who s going
analysts say it suggests companies are again laying employees off as economic recovery appears to be weakening. investors do not like the news and the dow was down almost 200 points. i don t think it got there. either way it s 154 now. gerri willis, host of the willis report on the fox business network. what happened? jobless numbers. shepard: it s worse isn t it. it is. we re used to 9.5 of americans not having jobs but we re not looking at people discouraged from getting jobs. look at the we don t count them. shepard: we never have. we never have. people who have a job of working age is less than 60% of americans. 58.8% in april. it dropped through june to 58.5. this isn t good news. the jobs market is in bad shape
nasdaq was up 58.5. find out how it played on wall street today. beyond the numbers. fox business network correspondent peter barnes is live in new york. what is the word there, peter? reporter: well, bret, traders here were focussed less on news out of washington today and more on the news out of corporate america. strong second quarter earnings report from companies like 3m, u ps and caterpillar. still, policy makers acknowledge the economic recovery hit a soft patch. the road to recovery turned out to be bumpierer than we would like for a fum of reasons, including weak consumer spending and the ongoing problems in financial markets. less robust than what we desire. bill dudley of the fed and ben bernanke in washington continue to see continued modest economic growth with a slight chance of a double dip recession. bret? bret: peter, the fed has