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Lemonade stand is classic american kid thing to do. chris: top story, gloomy job numbers. unemployment is unchanged but the economy lost net total of 131,000 jobs in july. labor department said june s announce job gain of 83,000 were just 31,000. one company riding out the recession fairly well has done it ignoring the conventional wisdom and sticking with american workers. correspondent molly line is on the fox news job hunt in northern massachusetts. as companies across america look to find jobs, with jobs going overseas, find in made in u.s. label is hard to do, especially with foot apparel. one company based shoes in the u.s. boston-based company. 25% of the company shoes in north america are made by ....
We have to increase exports. he said we re going to double exports in five years. that s going to boost our economy. is the 9.5% unemployment. yes. people in your administration as early as last november and december were saying we re in the beginning of a recovery yes. and unemployment is always a lagging indicator. it will begin to go down. here we are eight months later. yes. the fact is that it went down from 10.2% to 9.5%. but the important thing is the direction. we went from losing 750,000 jobs the month the president took office to six months of private sector job gain. do we feel like we need to do more? yes. every single day we re working on things to increase exports, to support innovation. we want to pass additional tax relief for small businesses and additional lending capacity for small businesses. but there is no doubt that we re in a better position now than we were 18 months ago and that we re moving in the right ....
Economy. but the 9.5% unemployment. yes. people in your administration, as early as last november and december, were saying we re in the beginning of a recovery yes. and unemployment is always a lagging indicator. it will begin to go down. and here we are eight months later yes. the fact is that it went down from 10.2 to 9.5. but the important thing is the direction. we went from losing 750,000 jobs the month the president took office to six months of private sector job gain. do we feel like we need to do more? yes. and every single day, we re working on things to increase exports, to support innovation. we want to pass additional tax relief for small businesses and additional lending capacity for small businesses. but there is no doubt that we re in a better position now than we were 18 months ago and that we re moving in the right direction. let me read you something ....
Plant. that wouldn t have happened but for what we did. there are millions of people working in this country because of things we have done. we have to accelerate that. he said we re going to double exports in five years. that s going to boost our economy. but the 9.5% unemployment. yes. people in your administration as early as last november and december were saying we re in the beginning of a recovery yes. and unemployment is always a lagging indicator. it will begin to go down. here we are eight months later yes. the fact is that it went down from 10.2 to 9.5. but the important thing is the direction. we went from losing 750,000 jobs the month the president took office to six months of private sector job gain. do we feel like we need to do more? yes. every single day we re working on things to increase exports, to support innovation. we want to pass additional tax relief for small businesses and ....
To keep up with population growth. but it looks good compared to where we have been, if you look back in july, tony, we lost 369,000 jobs in one month. so any job gain, even if it s that 13,000, is really a bonus. all right. how is this playing out with markets? well, we are at the end of the third quarter, the april, may and june quarter. and it s been a painful three months. look where things are now. the dow is down 9% for the second quarter. we re trading below 10,000 for the dow industrials. and who can forget the flash crash? we saw the dow industrials plunge almost 1,000 points, only to bounce back a little bit. the nasdaq and the s&p 500 have each lost 11%. look, we have got a couple things weighing on the markets. first of all, we ve got those debt problems overseas. and if asia and europe fall back into a recession, that could hit us really hard. also, we re being plagued here in the united states by high unemployment. and it s expected that high unemployment is going to ....