uptick. it my be something else? one thing the market is looking for this fall is when the federal reserve is going to start backing off the bond purchases it s been doing that bring down interest rates and encourage business investment. the thinking had been that the fed was going to stop that in the next couple of months but a weak jobs report like this might cause the fed to remain as aggressive as it is now. we have seen the ten-year treasury bond fall today and when that falls it s not surprising the stock market would be up. before we go to syria here, you re characterizing the jobs report as weak? yes. jared, do you share that characteristics? i do. the decline in jobs and participation in labor and downward decision to payroll jobs. this is what politico s ben
showing lack of approval of the agency in the wake of the allegations. at the same time the president has made it a permanent irs commissioner. white house officials say former freddie mac chairman has the experience to resort confidence in the agency. elizabeth prann in washington. thanks. a fox business alert for you. in just a few hours the monthly jobs report comes out. for more on what we can expect dennis kneel joins dennis ne joins us. the unemployment rate in july comes out at 8:30 this morning. right now economists predicting slow jobs growth with 184,000 new farm payroll jobs added. a slight dip to 7.5 percent. another key factor is precipitation rate how many people dropped out of the labor race.
welcome, everybody, i m martha maccallum. bill: i m bill hemmer. welcome to friday. only moments ago the white house says about the jobs number there is still work to do in america. hiring averaging more than 200,000 per month since november. that takes you back three months. wages spike four cents, just about a month ago. martha: liz claman is live in new york city with her look at all of this. good morning, liz. what is the best part of this news this morning? well as the snow falls all over new york city the best part people at least are turning up the momentum, okay? so the best part of this news i really, truly believe is not only did we beat the estimate number which last check, remember this is a consensus of a bunch of economist was to see a build of a $165,000 nonfarm payroll jobs. we bested that, we crushed through that ceiling and did much better up 236,000. but the unemployment rate also came down to 7.7%. remember it had been at 7.9%. the white house is correct saying th
while that official rate went down there are still some 23 million americans who remain either unemployed or under employed. the same rough number we have seen for months. peter barnes picks up the story from there. the labor department survey found employers added 114,000 non-farm payroll jobs, just enough to employ new entrants to the job market. the second survey the agency releases each month, a survey of individuals reported that 873,000 people said they had found full or part-time work last move some kind. and that s the report used to calculate the unemployment rate and that spike in job growth is what pushed the jobless rate down to 7.8%, the lowest level since january of 2009 when president obama took office and the first time it s been below
some of the internals are good, hours worked are up, pay is up, but 114,000 nonfarm payroll jobs that were created is good, but not spectacular. people shouldn t get carried away. this is a improving economy, but slowly improving economy. we came close to hitting stall speed a couple times this year. this is a long slog to get out of this. for those people who have been so destroyed by this economy, earnings have plummeted, family members out of work, supporting family members, it s going to be a long time for them to get back on their feet, at this rate going to take years, years to get back to the pre-2008 levels. and that s just really tragic for a lot of americans. we shouldn t lose sight of that. we should not indeed. howard, we have to come back to you in the next block because amman has to go back to the library to return his later saul alinsky books. they re overdue. thanks to amman, the man with