We start tonight with the state of the american job market. The Unemployment Rate currently stands at 6. 2 , down from a high of 10 back in 2009. Despite making progress, the Federal Reserve chair said there is more that needs to be done. Hampton pearson has more. Reporter the job market is improving, but there is still lots of work to do. Janet yellen called the employment picture hazy, on her short list of concerns, reducing longterm unemployment and increasing the prospects for higher wages for those with jobs. Chair yellen has made it clear, she wants to see wage gains. Until she sees wage gains she wont pull the trigger on raising rates in the economy. Headline unemployment at 6. 2 is down more than a full percentage poi in the last 12 months. While the economy has regained the nearly 9 million jobs last since the recession, millions of americans are working for far less money. The two sectors that lost the most jobs, manufacturing and construction, where the average pay is 60,000
We start tonight with the state of the american job market. The Unemployment Rate currently stands at 6. 2 , down from a high of 10 back in 2009. Despite making progress, the Federal Reserve chair said there is more that needs to be done. Hampton pearson has more. Reporter the job market is improving, but there is still lots of work to do. Janet yellen called the employment picture hazy, on her short list of concerns, reducing longterm unemployment and increasing the prospects for higher wages for those with jobs. Chair yellen has made it clear, she wants to see wage gains. Until she sees wage gains she wont pull the trigger on raising rates in the economy. Headline unemployment at 6. 2 is down more than a full percentage poi in the last 12 months. While the economy has regained the nearly 9 million jobs last since the recession, millions of americans are working for far less money. The two sectors that lost the most jobs, manufacturing and construction, where the average pay is 60,000
State of the american job market. The Unemployment Rate currently stands at 6. 2 , down from a high of 10 back in 2009. Despite making progress, the Federal Reserve chair said there is more that needs to be done. Hampton pearson has more. Reporter the job market is improving, but there is still lots of work to do. Janet yellen called the employment picture hazy, on her short list of concerns, reducing longterm unemployment and increasing the prospects for higher wages for those with jobs. Chair yellen has made it clear, she wants to see wage gains. Until she sees wage gains she wont pull the trigger on raising rates in the economy. Headline unemployment at 6. 2 is down more than a full percentage poi in the last 12 months. While the economy has regained the nearly 9 million jobs last since the recession, millions of americans are working for far less money. The two sectors that lost the most jobs, manufacturing and construction, where the average pay is 60,000 a year, are still about 3
It is unbelievable. The sun is shining. Lets make some news, shelley . To town last night. You have been able to hear a bit about what people are saying. Talk about what people are saying, trust five years after the financial crisis, how is it that you think people trust banks so little . I am told we are the second least. Fortunately, we still have congress. News reporters are third. In all seriousness, this is the most damaging financial crisis since the depression, and maybe well before that with all of the home foreclosures, bank failures, and the impact that had on the global economy. T was devastating it takes a long time to recover the trust. It is not surprising. Is the industry not doing enough . The industry is doing a lot. Like what . You need strong institutions, so they are recapitalizing, cutting leverage. They started shedding businesses that were at the roots that got banks in trouble. Lets get more basic than that america does not understand when you talk about sheddin
Welcome to Market Makers. We are going to spend some decent time talking about how hot, amazing and stylish fashionable guys are. Adam johnson is here for that. We will have fun and i might learn something. You are a fashion plate yourself. You have heard that before but that dates you. They dont say fashion plate anymore. I think that is from the cheryl tiegs area. You will come up with something. We need to get to the big earnings story of the morning. Goldman sachs and Morgan Stanley , shares of both companies are soaring after they beat analyst estimates on the top and bottom line. For Goldman Sachs, it was by a wide margin. Devon ryan is here to break it down for us. Surprise, surprise, Goldman Sachs wins. It was a good quarter for Goldman Sachs but you also have to look at what it is coming off of. The bar was reduced throughout the quarter. They beat lowered expectations. If you look at results, and upside surprise but the quality beat question. I wouldg and lending suspect is t