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Detailed text transcripts for TV channel - MSNBC - 20110304:14:46:00

growth, job growth in nearly two years. state and local governments are still facing massive budget shortfalls and cut a net of 30,000 jobs last month. and today in wisconsin, 1,500 more state workers could be getting pink slips. let s get to austan goolsbee, chairman of the white house council of economic advisers, chief economist for the president s economic recovery advisory board. this is the first jobs report they didn t say but behind the numbers there s some darker cloud. it seems to be a very good report. ye of little faith. this is a very solid report. but i think if you look at this report which has 222,000 jobs created in the private sector, a big net number, unemployment rate, fell again for the third straight month. and this three-month drop in the unemployment rate was the biggest 27 years. i think it is continuing a trend that you have seen for many

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