that would sent the unemployment race almost up to 10%. it s 5.5% now, but not all is well with the economy. wage growth is stagnant the income gap has widened significantly since 2008 both happening on president obama s watch. let s talk about it with m.j. lee. thanks for being here. thank you. this is really important. this election will largely be about the economy. this entire video was about middle-class main street america. how does hillary clinton convince main street she s going to make a difference when it comes to things like wage grout and like income inequality. because she s not been a candidate since 2008 there are a lot of policy areas where we don t actually know and haven t really heard from secretary clinton on where she stands. that includes areas of the economy, right? what is her proposal for make sure that wage growth continues,
162,000 jobs in the month of july. unemployment rate was lowered to 4 and a half year low to 7.4%. my first guest says those numbers just don t add up. the government figures don t really reveal the full truth about the job situation in america. joining me is the former head of the bureau of labor statistics, keith hall. keith, it s great to have you here today. [applause] good to be with you. well, friday, we got those new numbers. 7.6 to 7.4. what s not to love, keith? well, first of all, that unemployment rate is the most closely watched economic statistic there is. and, unfortunately, that s gotten to a very flawed statistic. the reason is to be included as in the unemployment race, you need fullback completely jobless, no job of any sort, no pay. and, second, you have to be active. you have to be doing certain things to be considered unemployed as oppose god just jobless. in particularly, particularly you need to be conducting interviews.
162,000 jobs in the month of july. unemployment rate was lowered to 4 and a half year low to 7.4%. my first guest says those numbers just don t add up. the government figures don t really reveal the full truth about the job situation in america. joining me is the former head of the bureau of labor statistics, keith hall. keith, it s great to have you here today. [applause] good to be with you. well, friday, we got those new numbers. 7.6 to 7.4. what s not to love, keith? well, first of all, that unemployment rate is the most closely watched economic statistic there is. and, unfortunately, that s gotten to a very flawed statistic. the reason is to be included as in the unemployment race, you need fullback completely jobless, no job of any sort, no pay. and, second, you have to be active. you have to be doing certain things to be considered unemployed as oppose god just jobless. in particularly, particularly you need to be conducting interviews.
we re talking about doing tax reform, entitlement reform, doing the big package that will get the private economy and private investment going. if the president wins, then what does that mean? do you think the conversation changes? that s the problem. that s the real problem. that s the uncertainty you see. the san francisco federal reserve put out a study, said, hey, the uncertainty right now is probably adding one or two points to the unemployment race. all right. senator john hoeven, senator of north dakota coming in. on the radio this morning a bipartisan blow-up over the controversy of the seahawks/packers game. yesterday president obama tweeted on both sides of the aisle and his opponent mitt romney said this about it on cnn. what would do you about those referees in the nfl? would you order them back to work? i d sure like to see some experienced referees with nfl
a raging fire that caused $400 million in damage starts with a vacuum cleaner. preliminary investigation 7 people were injured. video of a giant dock. the dock is from japan washing ashore on the coast of oregon. the 60 foot long 19 foot wide pier now lying on the stand. it s the latest from a waive of debris from last year s tsunami to drift across the pacific. the unemployment race rose to 1.8 percent in may. cheryl has three names for you right now. we are fining lots of jobs out there. there are certain sectors hiring in had insurance. that is one of them. progressive is my first company