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Transcripts for CNN CNN Newsroom 20140110 14:02:00

6.7%. that s when we say the jobless rate falls for the wrong reason. people gave up. that s why you re seeing these two different messages from the 74,000 jobs created and a drop in the unemployment rate. ate really messy report because of the weather, because of the end of the year. something that economists are telling me right now, christine go back to november. look at november, 241,000 jobs created in november. we know things were strong heading into the holiday season and now it looks murky about how we finish the year. i was going to ask david the question how worried should we be. it s really disappointing. there s a great deal of hope we had finally turned the corner and a big number of job creation in december would have reinforced that. now we re back to this frustrating situation where the economy does seem to be picking up momentum but not leading to job creation. it s a warning sign. usual caveats one month doesn t make a trend but definitely not ....

Unemployment Rate , 6 7 , Holiday Season , Jobs Created In November , Christine Go , Job Creation , David Wessell , Warning Sign ,

Transcripts for CNN CNN Newsroom 20140110 14:03:00

Good news. so, what do lawmakers and the president need to do? well, it s really interesting. i had an interview this week in time magazine, the first interview with the federal chief janet yellen and she s going to be looking carefully at that workforce participation number that christine was talking about. it s as low as it has been since the 1980s before women really entered the workforce en masse. as long as it remains this low you ll see the fed which has been doing a big money dump into the economy continue to pare that back slowly. you ll hear a lot of talk about getting wages up. the president has made inequality a big topic. i think you ll see all policymakers really thinking about how can we get that unemployment number lower so wages can get up and consumers can start spending which is what generates job growth in this economy. david wessell, thank you very ....

Janet Yellen , Workforce En Masse , Policy Makers , Big Money Dump , Unemployment Number , Job Growth , David Wessell ,

Detailed text transcripts for TV channel - FOXNEWS - 20110829:15:18:00

It was a matter of keeping this momentum going. this is basically you ve got to turn around the slowing momentum. it s a big job. jenna: they ve been playing up, and i say they, maybe the press in general, us, we ve been playing up the fact that he s a labor economist. what exactly does that mean, and what skills does he bring to the table that maybe aren t there now? i think there are other people who have labor economics backgrounds. what i think he brings is that he s worked within government before, he worked with the treasury department, so he s not unknown to them. what it means to be a labor economist is to understand the dynamics of the labor market and what makes companies hire and fire and lay off and grow and all those sorts of things. the one thing that this will probably do that i think is a problem is probably he will lean towards more government, more government involvement, the government doing more spending. jenna: why do you have that hunch? probably because one o ....

Jenna Lee , Alan Krueger , Playing Up , Treasury Department , Labor Economics Backgrounds , Aren T , Labor Market , Government Involvement , Wall Street Journal , David Wessell ,