dismal. is the worst business cycle that we have had since the end of world war ii in terms of job creation. we haven t even gotten back to where we were at the peak of the previous business cycle. reporter: the unemployment rate remains high. administration officials predict it would be about 5%. including all of those who took part-time jobs because that s all they could get. what is known as the real unemployment rate is 14.3% just above what it was when mr. obama took office. they point to uncertainties in washington and the effects of obamacare and the weight of tax increases. is negative for economic growth over time. we need to realize that this is a global economy and we compete with many other nations and part of that competition is, in fact,
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creation in my opinion. as i look at these numbers, looking at construction. private sector. services sector. we are we are turning what appears to me to be turning right now. this looks like confirmation of a real recovery. housing without question is improving. it s up just about 10% year on year and these are good things. i don t think that there has to be an ideological or partisan view about what is improvement. i think we ought hale that. the real unemployment rate if you will, including discouraged workers and those giving up is 14.3%. this is nothing there is no reason here. laura: lou, the things i focus on a lot. you are right. you shouldn t poo poo good numbers. that s the wrong thing to do. credit where credit is due. the bottom line is there is still stagnating income. people feel like they don t have the purchasing power that they had five years ago. that s hurting and that s giving people enormous anxiety about the future regardless of whether, you know, month to m
creation in my opinion. as i look at these numbers, looking at construction. private sector. services sector. we are we are turning what appears to me to be turning right now. this looks like confirmation of a real recovery. housing without question is improving. it s up just about 10% year on year and these are good things. i don t think that there has to be an ideological or partisan view about what is improvement. i think we ought hale that. the real unemployment rate if you will, including discouraged workers and those giving up is 14.3%. this is nothing there is no reason here. laura: lou, the things i focus on a lot. you are right. you shouldn t poo poo good numbers. that s the wrong thing to do. credit where credit is due. the bottom line is there is still stagnating income. people feel like they don t have the purchasing power that they had five years ago. that s hurting and that s giving people enormous anxiety about the future regardless of whether, you know, month to m
creation in my opinion. as i look at these numbers, looking at construction. private sector. services sector. we are we are turning what appears to me to be turning right now. this looks like confirmation of a real recovery. housing without question is improving. it s up just about 10% year on year and these are good things. i don t think that there has to be an ideological or partisan view about what is improvement. i think we ought hale that. the real unemployment rate if you will, including discouraged workers and those giving up is 14.3%. this is nothing there is no reason here. laura: lou, the things i focus on a lot. you are right. you shouldn t poo poo good numbers. that s the wrong thing to do. credit where credit is due. the bottom line is there is still stagnating income. people feel like they don t have the purchasing power that they had five years ago. that s hurting and that s giving people enormous anxiety about the future regardless of whether, you know, month to m