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That somehow barack obama has to convince people the economy was inherited from george bush and it is pretty much doing okay. we are so far from okay despite what this data says and it s been a rollercoaster. megyn: should we be looking at 374,000 jobs filing for first-time unemployment opposed to 375,000 and say we are on the right path? this isn t like a car going from 20 miles per hour to 25 miles per hour on an open highway. when bill clinton was running for reelection the economy was on the mend and jobs were being created and people felt the economy was moving forward. here people feel it s uncertain. if you look at what they call labor force participation, people in the labor force, if you have the same labor forward participation today, you be ....
374,000 for the week. that s the lowest level since mid-may but not enough to show job growth. look at the 4-week average and the data gets worse. that s 10,000 over where we need to be. here is the chart for job creation for every month this year. dipping from 275,000 in january to 69,000 in may. all of this is way below where we are supposed to be. joining me to discuss it, daniel henninger from the wall street journal and steve forbes. two very smart guys with very big guys who will help me understand this. the jobs number comes out tomorrow. we have 69,000 for the month of may. we expect around 100,000. ....
Extraordinarily disappointing. we should be 350,000 a month to whittle down the unemployment number so we can get it to the woeful 6% number. martha: to put it in context what charles was talking about look at this chart. here is where we are today. 374,000 in the weekly jobless claims number. that is the first time we ve seen it dip below 375 in the last six weeks. the peak is 659,000. let s bring on the yellow line. this shows you where you need to be if you re in a healthy economy. keep in number these numbers are often revised. habit or routine i should say the last several months they get revised higher this week. the number sitting at 374,000. that is what we ve got in the mix. we ll see where the big number comes in tomorrow morning. rick? rick: we continue to keep an eye on unemployment situation. right now 23.2 million americans are either unemployed or underemployed. ....
3 1/2 minutes to hit the skyscraper which cost, $700 million just in time for the water belly-up. in fact, it was intact, most owe rim picks olympics. of the parts. jenna: brand new numbers on but oxygen masks were never the job market head of the deployed, indicating the big jobs report tomorrow cabin did not depressurize. starting with this one, what a painful way to go for 374,000 americans filed for unemployment in the latest those people. week. that is the lowest level this is frighting. we ve seen in six weeks but the data recorders that if you take a look at the last several reports the pilots failed to talk about repeated stall warnings and weekly number is still too had no altitude training to high to really indicate any deal with it the situation. interesting to note as well, substantial job growth. the plane was passing robert gray with the fox business network is here through an area called the with the roundup from all the things we saw today. robert? intertropical conve ....
Taken a little bit of dive here about 20 minutes ahead of that opening bell on some somewhat negative comments out of the ecb. and a day ahead of the june s jobs report as you noted we do have a number of other employment indicators out this morning. global out placement consult tansy firm say job cuts are at a 13-month low. that s good news. according to adp, a private sector payrolls increased, stronger than expected 176,000 for the month of june. and the number of americans filing for unemployment benefits fell by 14,000 to 374,000. so some relatively good news there for the jobs picture ahead of the big jobs report tomorrow. and we re getting a number of monetary moves out of europe this morning. traders are paying attention to them, so i want to make sure we take note that the bank of england leaving the key interest rate unchanged. the ecb and the bank of china also cutting their key interest rates. and retailers are reporting ....