and it set in hard. there were only 80,000 jobs added in this country in june, and the 8.2% unemployment rate didn t budge. yep. the stock market plunged, politicians and analysts alike sounded like they were on the edge of a cliff. there s a lot of misery in america today. and these numbers understate what people are feeling, and the amount of pain which is occurring in middle class america. peter buickvar equity strategist tells outfront the jobs numbers are quote, pathetic. chief u.s. economist says another month, another sub par employment report. mitt romney had it right. there is a lot of pain in a lot places, but does all the doom and glood at up? yes, the jobs numbers weren t great, but this is a glass we re choosing to see a little bit more half full. and most americans agree with us. a new cnn poll shows 60% of people are optimistic and think economic conditions next year will be good. one reason for this is housing. it s a little ironic, perhaps, because th
blues. depression set in early today, and it set in hard. there were only 80,000 jobs added in this country in june, and the 8.2% unemployment rate didn t budge. yep. the stock market plunged, politicians and analysts alike sounded like they were on the edge of a cliff. there s a lot of misery in america today. and these numbers understate what people are feeling, and the amount of pain which is occurring in middle class america. peter buickvar equity strategist tells outfront the jobs numbers are quote, pathetic. chief u.s. economist says another month, another sub par employment report. mitt romney had it right. there is a lot of pain in a lot places, but does all the doom and glood at up? yes, the jobs numbers weren t great, but this is a glass we re choosing to see a little bit more half full. and most americans agree with us. a new cnn poll shows 60% of people are optimistic and think economic conditions next year will be good. one reason for this is housing. it
alison, everyone is noting that this is just a part of the trend. right. well, first of all, don, it is an encouraging report, especially when you look at the trend here. when you look at the trend, 1.6 million jobs have been added in the last year. the unemployment rate is at 8.5%. so, yes, things are getting better. the dow is down and nasdaq is mixed. not so overly impressed. as things improve, the expectation is rising and the fact is these numbers just didn t blow away expectations. the economy at this point is kind of like an economy that s had its training wheels taken off but we still haven t moved into the fast lane and wall street wants to see if the economy is picking up steam. and when you break up these numbers, it s not equal among everyone. it s not. the unemployment rate didn t budge for african-americans. in fact, the black unemployment rate in december was 15.8%. compare that to the rate for whites at 7.5%. you know what, economists say, it s nothing k
13 sailors being held captive by somali pirates in the straigts f hormuz and draws the fury of the iranian military. up first tonight, the enormous stakes of new hampshire s presidential primary. remember, it was in this state, the hillary clinton come back four years ago, sent the democratic race into the historic obama/clinton marathon. tonight, starkly new numbers suggests former massachusetts governor mitt romney could all but lock up this cycle s republican race this month with a one, two, three punch. his iowa victory was by a mere eight points, but consider this, a new wmur poll just out tonight in new hampshire has romney leading with 44%, ron paul a distant second at 20%, rick santorum, gingrich, tied third at 8%, governor huntsman one point behind them at 7%. the race moves next to south carolina and this is eye-popping. new cnn/ time /orc polling shows governor romney leading 37%, a two to one lead over the second place rick santorum. governor romney is in the dr
first as we head here into the labor day weekend with a brutal report on the job market. basically, it has come to a grinding halt. the unemployment rate for august didn t budge an inch. here you have the number. it is still sitting at 9.1%. the net number here, that s the important part. the net number of jobs created in august. zero, none, goose egg. private employers did add 17,000 jobs last month. but do the math. government eliminated 17,000. so the net change is zero. this really is a once in a blue moon event. if you think about it. the last time the bottom line on jobs was zero was all the way back in february of 1945. 45. that s before the baby boomers were even born. the weakest jobs report in almost a year comes amid consumers wavering confidence in the economy. we ll been following that jumpy volatile stock market. on the heels of the big debt ceiling fight and washington s credit downgrade. you throw all that together, then you look ahead here. we re less than