the unemployment rate dropping to 7.4% for the month of july. now, that is a .2 percentage drop from last month, and it s the lowest rate since december 2008. the labor department says 162,000 jobs were added to the economy, but 240,000 americans stopped looking for work, and that led in large part to the drop in the unemployment rate. it is the smallest increase since march, talking about the increase in the number of jobs. this all comes a day after the dow and s&p 500 closed at record levels. we will see how the markets react to this news today. jamie: and casey anthony is back in the headlines. what she has agreed to do to avoid having to sell her life story. and things, of course, heating up on capitol hill. white house republicans are getting set to vote for the 40th time to derail obamacare.
the dow and the s&p down slightly while the nasdaq is up. that is after the labor department reported 162,000 jobs were created in july, the fewest since march. however, it was enough for the unemployment rate to fall to 7.4%. that, by the way, is the lowest level we ve seen since december 2008. but that s because people gave up looking for work. the other bad news, the jobs numbers for may and june were revised downward. the chairman of the president s council of economic advisers reacted to the news today on msnbc. we re slowly digging our way of a deep hole. we want to accelerate that. over the last 12 months, we ve added 2.3 million jobs. this recovery has faced a lot more head winds than other recoveries. now policies like the sequester are slowing down the economy and slowing job growth. and in a statement, eric cantor said, while the unemployment number dropping looks good on the surface, the details show otherwise. persistent long-term
a bush appointee. he came to the white house once and it was in december 2008. i remember at the time the chief of staff, he was a political appointee and got a chance to meet with president bush. the reason he was appointee, five-year term. they cross terms of presidents. there was a requirement by the senate democrats there has to be somebody there. bob: democratic too. dana: but not a bush appointee so the question is, if you go to the white house 157 times and 50% of those meetings are talking about obamacare, what do you think america is thinking that the other 50% of the meetings. easter egg roll comes around once a year. andrea: although, i will on this one, it s very odd. double the amount of time
$80,900, for employees 55 or older the average account holds $255,000, nearly doubled over the past four years. home values are rising, we hope that s making you feel richer. we learned the median price of a home sold in april jumped 11% from a year ago, it s the 14th straight year over year price increase and the fifth in a row in the double digits, and finally, unemployment 7.5%, the lowest since december 2008. yes, it is still too high, way too high. millions of americans are out of work, underemployed but the signs point to an improving labor market. so is this recovery four years in now solid enough for most americans to feel it and not just you know, not just the best earners and what does it mean for president obama? cnn s chief political correspondent candy crowley is anchor of state of the union. the president has been knocked off message, benghazi, the irs targeting the tea party, the administration going after
pigeons that go from the white house chief counsel s office that couldn t land on the window in almost a month? this is not only reprehensible, but inexcusable behavior. president obama is supposed to be the smartest person in the room. he s needed to run the company. but june 2011, lowest learner, the issue is retroactive to december 2008, to the tax exempt status in one month for the barack h. foundation. doug shonen irs commissioner at the time. and then steve miller, and then the white house chief counsel in april of this year. this is ridiculous if you want to believe that the president is so obviously not aware of anything going on. you know what in is like to me when you look at hillary clinton, all of this going on and the state department and president obama. when you investigate the mob, do you not look at everybody involved and see that? that s the question, when it