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Transcripts For CNNW Erin Burnett OutFront 20120601

i m erin burnett. outfront tonight, stocks tanked. the dow plunged 2774 points today killing all the gains of this year. it s the biggest drop since november. it was really bad day. the reason was a terrible jobs report. usually using adjectives like this are sometimes much for the markets but it s the way it was today. american employers add add meager 69,000 job, which is about half the number needed just to keep up with current population growth. it was the weakest month of hiring for the year and the unemployment rate went up to 8.2%. it was a grim day for the president. today we re still fighting our way back from the worst economic crisis since the great depression. the economy s growing again, but it s not growing as fast as we want it to grow. now, according to bianco research, no president has been re-elected in this country with an unemployment rate this high since the great depression. that was when fdr won and at that time unemployment was 13.7%. what s happ

Detailed text transcripts for TV channel - MSNBC - 20110819:20:37:15

Detailed text transcripts for TV channel - MSNBC - 20110819:20:37:15
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