President george w. Bush and a hoover senior fellow. Welcome to the show. You know, every time i see something new, you know, amazon drones delivering a package, i see automated checkout at the cbs on the corner. I think that jobs have disappeared and are going to continue to disappear, and they are not coming back. Am i wrong . You are not wrong. That is a correct observation, but it is n observation that is not unique to this particular time frame. You mentioned structural change, and there has been a structural change, and structural change has been occurring for a long time. If you go back to the 1950s, we have about 35 percent of our workforce is unionized, and manufacturing for the most part. And then if you look at the numbers, say in 2007 the number that just precedes a recession, we had about the same number of people, 14 million in manufacturing in the 50s, 14 million in manufacturing in 2007. But we were producing six times the number of goods in 2007 that we were producing
Surprisingly good report on the unemployment jobless rate goes down at 7. O as 203,000 jobs were added but how good was their real or is a more or less of government steroids with benefits and middleaged . We have stevedore from the wall street journal. And jonas harris we appreciate you beingere. Qualities he give the jobs report today . To back we are in the middle because you what the economy to improve but not want to the fed to stop totally but yet you want to show it is Getting Better because sees earnings have to grow so the goldilocks scenario is the underlying growth would pick up and yet pick up later but then not have a crash when the rates go higher. Dennis you say the stocks go down with good news because we are scared of they will tie ended . But today they went up triple digits is there such an attitude to where i think the economy will go okay . Fortunately a part of that is the investors are confident coming back to the stock market. It will go up even just people thin
Minnesota. A great day. We would just wear sweat shirts on days like this. Reporter it this was the final day for walnut creeks ice skating rink. Ed kids did not mind the chill. Is it better when it the kids did not mind the chill. Is it better when it is cold . Yes. Reporter but then again it is always the grownups who gripe about the weather. The temperature is above 85 or below 50 we complain. Other parts of the country would be amused it is a news story, 25 degrees. People in the east coast laughed at us considering it to be cold weather. We get the last laugh because it is not normal to us. In walnut creek, cbs 5. Oh, the temperatures tonight may be colder. Lets check in with roberta. Reporter they will be colder. It will be the coldest. Right now we have the clear skies and the it temperatures in the 40s at 41 degrees in livermore, santa rosa at 43 after a morning low of 23 degrees. Tonight, overnight, we are talking about low in the 20s away from the ocean into our inland areas.
grunting im steve kroft im lesley stahl. Im morley safer. Im bob simon. Im lara logan. Im scott pelley. Those stories tonight on 60 minutes. People really love snapshot from progressive, but dont just listen to me. Listen to these happy progressive customers. I plugged in snapshot, and 30 days later, i was saving big on car insurance. With snapshot, i knew what i could save before i switched to progressive. The better i drive, the more i save. I wish our company had something this cool. Youre not filming this, are you . Aw camera shy. Snapshot from progressive. Testdrive snapshot before you switch. Visit progressive. Com today. Hi victor mom . I know you got to go in a minute but this is a real quick meal, thats perfect for two campbells chunky beef with country vegetables, poured over rice [ male announcer ] campbells chunky soup. It fills you up right. Why let constipation stry miralax. . Er rice mirlax works differently than other laxatives. It draws water into your colon to unblock
Brian webb is at the scene with the latest. Reporter from our Vantage Point things look better than an hour ago. Still new puffs of black smoke kicking up every now and then. We are up to 400 acres burned and still at 10 containment on the east side of mount diablo. There is an Evacuation Order for homes on oakville lane. 50 to 75 homes, a mandatory evacuation on them. They are telling them grab what you can, lock up the house and leave now. If you need help call 911. They are supposed to go to the clayton library. We know a lot of people have been loading up the pets and the horses and taking them into a safe place down the road from where we are. And, up on mount diablo itself stkoz ens of fire trucks taking hundreds of firefighters up on the fire lines. Those helicopters and airplanes have been circling from above all afternoon. Showering the fire with retardant, trying to stop the flames in their tracks. The fire started right here with, you know, with a lot of wood, a lot of poten