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all eyes were on the april jobs report this week. welcome to your $$$$$. fewer jobs than expected were created and the labor force participation rate dropped to its lowest level since 1981. hold organizati hold organization i ll tell you what that is. bottom line, this was not a good report. chris even romans is here to break it down for us. 115,000 jobs isn t enough to convince anyone there s robust hiring going on here. hiring actually slowing in 8.1% as you point out is a drop in the unemployment rate, but it s because so many people dropped sought of the workforce in the month. let s take a look at where there were jobs created. health care, we ve seen that z consistently. health care, 19,000 jobs there. also saw jobs in leisure and hospitality. again, many of these are low wage jobs and that s a big question about the durability of the american dream with the kinds of jobs we re creating. retail jobs, 29,000 jobs created there. reversal from last month when we ....
sears was offering that deal yesterday. today, they re offering an apology. the big mistake that had people thinking they had gotten the bargain of the year. but let s now turn to the 405 freeway. the infamous 405 in los angeles. it is shut down this weekend. and you might be thinking, if you re not familiar with the area, big deal, freeway s shut down for construction. but think, folks, what if you are in new york and they shut down the brooklyn queens expressway? what if you re in chicago and they shut down the dan ryan? what if you re in atlanta, they shut down 75/85. you re in the bay area and they shut down highway 80 over the bay bridge? that s what we re talking about. this is how important 405 is. 500,000 drivers go on to the 405 every single weekend, but this weekend,s is not an option. the construction work is supposed to be done by monday morning. there will be hefty fines if it is not done in time. giving you an idea of the 405 here, a map of the area. but ....
Absolutely accurate. better spelled out in words, as you can see at $14 trillion. according to the u.s. labor statistic s department, every member would have to pay more than $90,000 to get rid of this type of debt eventually. the u.s. is one of the western countries struggling with the massive debt burden. when you look at it as a percentage of gdp, the u.s. stands at 10.5% in 2010 according to the latest data. compare that to the uk and i ra ireland with more than 32.3%. let s look at the countries on the other side toof equation. china s debt is miniscule standing at just 1.9%, pauline. ....
Added 12% jump of jobs and looking at growth, that doesn t necessarily correlate to how good their economy is, state by state. what about the states growing the most? what s the employment situation like there? take a state like texas, that is growing a lot. 18.8% growth. the unemployment rate high, 8.2%, below the national average and what texas has seen over the last decade, pretty much, more than a million jobs added. the reason is they have very low corporate tax rates. loose government regulation. businesses like to operate there, low home prices and no state income tax. but again, similar story here. growth doesn t always mean jobs. finally, take a look at nevada. nevada, we know the story there. they have grown a whopping 32.3% over the decade. they have the single highest unemployment rate in the ....
The rain hammer houston and areas out west towards victoria, so we want to take a look at the gaudalupe river at victoria where the rain gauges are going to go up. possibly historical records here. we re looking at the forecast crest on wednesday at 32.3 feet and the record is 34. that s going to be interesting as we see these levels rise and water spread everywhere. where does that water go afterwards? it s going to take time to get rid of it. after we get the rain, after this moves out when it finally does, it s going to be several weeks before we start to see improvement here because so much rain is moving in. we re also seeing, again, no steering current for this storm. that s why it is staying in place. we re looking at several issues here. in terms of flooding, that s the main thing we re talking about here. catastrophic danger in terms of the flooding as we head into next week with days and days on end of rain happening in texas. all right, shawna mendiola, thanks so much for ....