happened since the beginning of october had gone a little bit too far too fast. have people become a little bit too pessimistic about the outlook for the markets and the u.s. economy? there are some who believe that the way the markets are priced out possible recessions or any kind of an economic showdown in 2019 and perhaps 2020 was a bit overdone and now this is at least right sizing. people are trying to see if the data over the course of the next few weeks will give them a justification for the markets to remain where they are right now. the market is up today. we ve got a great jobs number on friday. to me, you would think the president would be celebrating that job number. that s a huge win for him. look at wages. they re going up. i think at the end of the day that s well above the average over the last two years since he s been in office. one of the things when we look under the hood, the data wasn t fantastic. it wasn t like a lot of multiple job workers. kind of seasonal
korea and china are basically cheating u.s. steel producers. workers, producers, plants. china is producing loads of cheap steel that s unfinished. china then sells the steel to south korea. korea, in turn, produces steel tubes that is in the oil and gas industry now. south korea then turns around and dumps these products on the united states market. see ya, job workers! overall, 78% of import growth over the past decade has come from south korea and china. this is causing major losses for middle-class families in the steel industry in this country. and we basically sit by idle and want to do another deal. in 2012, the united states steel industry had net losses of $388 million. what s shouldering that? american workers. in 2013, losses rose 1.2 billion. you can change republicans for
and the numbers bear it out. the number you used there are two job numbers. there is the household survey, which generated this very high number, which doesn t smell right. then there is the number on which they base unemployment, which is the so-called business survey or company survey. that shows 114,000 new jobs created in september. you are right. that s less than in august, less than in july. and the economy is showing every sign, at least from an employment perspective of slowing down and the number growing less. remember this, we need to create 150,000 new jobs a month just to stay even. that s how many 140- or 150,000 new job workers need to come to work every month. we are not creating the number of jobs to stay up with the population. think about this log at this rate do you think tell take to get back to the number of people working in america when the recession startd? if we go at this rate, how long
and the numbers bear it out. the number you used there are two job numbers. there is the household survey, which generated this very high number, which doesn t smell right. then there is the number on which they base unemployment, which is the so-called business survey or company survey. that shows 114,000 new jobs created in september. you are right. that s less than in august, less than in july. and the economy is showing every sign, at least from an employment perspective of slowing down and the number growing less. remember this, we need to create 150,000 new jobs a month just to stay even. that s how many 140- or 150,000 new job workers need to come to work every month. we are not creating the number of jobs to stay up with the population. think about this log at this rate do you think tell take to get back to the number of people working in america when the recession startd? if we go at this rate, how long
security forces of not doing enough while victims were trampled and beaten. the country s military government has declared three days of national mourning. leon panetta announced plans on wednesday to pull all nato combat troops from afghanistan by the end of 2013. that s a full year earlier than previously planned. nato s training and support troops are expected to stay in afghanistan beyond the 2013 pullout date. those are the headlines. from cnn, i m juanita raj paul. cnn world business today starts right now. hello. welcome to world business today. i m nina dos santos in london. the top stories this thursday, february 2nd. sony forecasts another eye-watering loss, as the one-time electronics leader struggles to get back into the black. we take you inside facebook s moneymaking machine, as the social networking phenomenon now prepares for its stock market listing. and shares of the australian miner linus jumped almost 20% after the company scores a big rare ear