Only bright spot. It had felt 6. 7 . But the number of people looking for work, the Labor Participation rate, now heading in the wrong direction, that down to 62 . Mike in the white house, and time and time again, job priority number one, and this has to be a blow. I think it is. But if you look at it, youre right. You read the top numbers, and dell, it looks like good news. Lowest rates when it began, the financial collapse, down 6. 7 . And the white house, as they do every month is going to look at the positive part of this. They say 46 consecutive months of private sector growth. That string unbroken, but the rate is down for all of the wrong reasons, del. Essentially, people are leaving the workforce, and its artificially driving down the right. 347,000 individuals simply stopped looking for work. The Labor Participation rate, they call it. The lowest since the Carter Administration in 1978. Its 63 . And one figure that economists always look at, its called real unemployment figure
And the great show shark tank on cnbc tonight is all about the entrepreneurial spirit that made america great, but government regulations and high taxes may be killing these Small Businesses. Were going to talk to one of the sharks about the whole story. All those stories and much more coming up in the kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. Were live at 7 00 p. M. Eastern, 4 00 pacific. The Unemployment Benefits all the guarantee in the senate. Will this jobless bill pass the house . President obama gathered his own people for his own push in the white house. Here to report everything lets go to john harwood for all the details on the president and the outlook, good evening. Good evening, larry. It was a surprise vote in the senate breaking ins that filib. The president at that event at the white house acknowledged economic arguments that said extending the economic benefits too long keeps people out of the labor market. H
You be the judge. I am sorry that they are finding themselves in this situation based on assurances they got from me. Today, president obama changed the subject from obama care to the economy. Interestingly, he had a good section on Corporate Tax reform. You know what . I love it. But will he really push for it . And is the Republican Party in better shape than you think . Following Chris Christies commanding blue state victory, a series of polls shows the gop could be poised for more big wins in 2014. All that and more coming up on the kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. We are live here, 7 00 p. M. Eastern, 4 00 p. M. Pacific. First up tonight, president obama talking up the economy in new orleans today in an attempt, i think, to shift the focus away from his administrations botched obama care rollout. Nbcs Kristen Welker joins us now. From the white house with all the details. Kristen, thank you very much. Good eveni
School year. New york state, new jersey, connecticut announced a joint effort to close gyms, theaters and venues. Bars and restaurants will be delivery and takeout only. Michigan, Washington State and los angeles has followed suit. Closed bars, clubs to operate at half capacity. These steps are necessary. Millions of americans are without work or child care, which means millions of americans are worried about how theyll pay their rent, their mortgage, their utilities, car loans. Not to mention food. And on top of that, everyone is worried about getting sick. And asking if and when they do get sick, will hospitals be able to treat them . Joining me now from burbank, california, joe frier. And here in new york city, nbcs gabe gutierrez. Joe, i know youre focused on hospitals. What have you learned . Nationwide, one of the biggest concerns for hospitals is in the days and weeks to come, as more people are getting sick and trying to get to the hospital, will there be enough capacity . Enou
Budget the way it is happening here. We are getting in my lifetime we go back to 9 11, which was the catastrophic event. This is more devastating to the new york economy and new york budget which is a function of a new york economy than 9 11 by far. Do you want to speak to karens question. Sure. Look at it in the context we are talking about, a revenue shortfall between 10 billion or 15 billion. 50 of the work force is staying at home. The state work force is over 800,000 new unemployment claims in the past three weeks. We dont have the money to make these. Everything makes sense to take a pause. Dont go in effect for 90 days. 90 days will reveal it. Once we have a better picture of what the states policies look like. If you look at the labor union recognized, the state only have a short amount of resources trying to prioritize those resources right now to fund the healthcare crisis, the midst between now and then lets take a break and see if the federal government is going to step up