8 217 News Today

And kept working, that wed gradually get to where we need to be. heres the thing, we are not going to get there, were not going to get to where we need to be if we go back to the policies that helped to create this mess in the first place. >> all right. steve rattner, whats the real deal in terms of the numbers? >> first of all, the unemployment rate increase was actually truly a rounding, from 8.217% to 8.254%. >> those are -- >> and that gets rounded up to 8.3%. it didnt really change. >> okay...

It went from 8.217% to 8.2154%. and that gets rounded up to 8.3. so it didnt really change. the fact is, there were 163,000 new jobs created. that happens to be exactly the average for the first six months of the year. it effectively absorbed people coming back into the labor force. its good news. the market was up strongly on friday on it. its not great news. the unemployment rate is still above 8%. >> well, what can you read from those numbers, though? read the tea leaves. what can you tell us...

Good for the american people and also happens to be good for president obama. the economy picks up steam in the mukt of july with jobs numbers nearly double what had been predicted. 163,000 jobs were added in july, according to todays report. that includes government job loss of 9,000. therefore, private sector job growth was higher, 172,000 jobs added. the unemployment rate ticked up but it was literally a tax, from 8.217% to 8.54%. >> we learned our businesses created 172,000 new jobs in the m...