You can find us on social media you can send us an email these are some how some of the numbers were broken down. Journal,ll street the rate slips below 6 since the recession started. The economy shows sluggish growth. The New York Times in a frontpage story says also in the washington post, we are joined now by reporter who will be breaking down the numbers with us and diving into the data. Good morning. Thanks for joining us. Thanks are having me. Host what drove the improvement this month . , theres the things always a debate over the decline in unemployment if people are finding jobs or losing their attachment with the labor force and not even being part of it. One of the good pieces of news is it looks like it was more people finding jobs. The number of jobs rose substantially. There was a decline in the labor force. We have seen months where people are dropping out and it makes it look like an improvement. This was not one of those months. There really were job gains for people. Host there always is a caveat when we talk about these figures. Whether any signs of weakness . One of the big ones is that moving upstill slowly. The entire. Recession struck, we have had a very longperiod of lowgrade truth growth. Inflation has been low in the United States. Move,our rates dont inflation is still higher than your wages. Host what is happening with longterm unemployment . Little bit. Down a it has gone down slowly. Elevated in any other recession we have ever had. This is one of the things it is disturbing about this recession. Once people become longterm unemployed, it is hard for them to get out of it and one reason for that might be employers discriminate against the longterm unemployed. A joby see people without for six months, they will look for someone else. A game of Musical Chairs that these people have to start the farthest away from the chair. It makes it difficult to fix their employment problem. Host we have seen higher stronger hiring. Strongwe reconcile that pace of hiring with some of the weakness that you were just mentioning . Its because of how far we were. The recession started in 2007. It was so incredibly severe. 8 Million People lost their jobs. It was a very slow road getting back. The population cap growing over that time. You had people who were born in the 80s and 90s start going to college in entering the labor market. You had this population growth and all of this job loss. There is a huge amount of catchup that needed to happen. Almost seven years since the recession started, there is still a lot of problems going on. That is why you have strong gains. You are coming from such a bad that you needed strong gains. Host the improvement in the employment rate is driven by hiring. Why is the workforce shrinking and should we be worried about that . There is a huge debate among economists. The demographic. Were born right after world war ii. They were born in 1946. They are in their late 60s. They are at the age where people start to retire. Down the number of people in the labor force. When older people are retiring, that is not a huge economic problem. They are going to go on Social Security and have income. You know most cases. The labor force is also declining as people are discouraged and dropping out. That is a major problem for economists to know which is which. Increasingly, a lot think half the decline is the result of the aging. As the conclusion of a white house study earlier this year. That is the conclusion of a recent Federal Reserve paper. About half of the decline is the retirement of the baby boomers. You knew that was going to happen. The other half is more mysterious. It could be the result of people being discouraged and might be irreversible. Host does this job report change the calculations in terms of when this began to raise Interest Rates in back away from the easy money policies . It fell below 6 for the first time in seven years. The Federal Reserve still thinks is one ofoyment rate the best overall measures of the strength of the labor market. The fact that it is below 6 , it is close to a level the average over the last 50 years is 6 . We are now below average. That means they are going to get less and less comfortable with their current strategy of having the Interest Rate near zero. That is one of the reasons why rates areaser slow so low. Thank you so much for your insight. I am happy to do it. We are turning now to your phone calls. Emily, good morning. Caller good morning. I dont agree with what the president is saying. He said that when george bush left office the unemployment was 10 . That is not true. It was close to 6 . The highest was 7 . Because i dont trust what he is companies are buying Smaller Companies and throwing everyone out. Christmas byld at the big Company Oracle that he was going to be let go. Eventually, he will be let go. I dont have any feeling that the democrats with nafta under clinton, all of those jobs went overseas. I am concerned about so many other things. We have no trust. We are seeing such a chaotic nation. Arele who had good jobs taking very lowpaying jobs just to get a job. Obama never rolled up his sleeves and started to do something for us. , itbecause of fracking looks good in the employment pictures. Exceptas done nothing this large amount of money. We thought it was to build roads. It never turned out that way. Host our next caller is susan from washington on the and dependent line. Good morning. Caller the distortion in these figures dont jive. During reagans era, it was well above 13 . He started to include military. Figured it last year, it was well above 37 . The economy has gotten more strained. It is more in the 40 . Everything is supposed to look good. Bot the Federal Reserve has these bonds which have no value, we have the greatest depression. Exploitingry is not their labor forces . Everything we do is outsourced. Before, she was talking about a Major Company downsizing, what we have done to ,oreign countries in the past we are doing it to our own kind. These people think the jobs are coming back . Tot is why there is so much selling fracking. If we start fracking, there is not going to be any kind of water that will be for human consumption. I want to bring up her point. The Unemployment Rate broken down by gender and in part by race. You can see the variations there. There are great disparities between man, women, and teenagers. You can also see the unemployed at rate for Unemployment Rate and blacks. There is not an equal picture. The New York Times reports that implications. Our next caller is from maryland. Go ahead. Josh did a good job and covered a lot of ground. There are a couple of things. Is if there seems to be a new norm. They seem to be structural. They are not permanent, but they will be continuing. That is the big question. What is discouraging is most of the jobs created since the collapse, they were low air paying jobs. Let me quote one thing that is shocking. I may have seen this on your program. Statisticsof labor that the only onerowing jobs required a college education. Think about that. It is shocking to me. The other thing that hasnt been mentioned is with falling wages, where is the demand . The companies in an expanding. Plants,oyees and new the demand is not there. The congress is one of the problems. The congress is charged with doing these things. The president s have limited power. I think a lot of good stuff has been brought up in the real congressis whether the takes this seriously and does something about it and stops does gridlock that they now have. Host we will turn now to pennsylvania. Michael is on the independent line. Caller this is a boldface lie. People left the unemployment market. Billioneen putting 88 a month end of the stock market. This is a fake start market did they are cooking the books. Host all right. New orleans on the democratic line. My hometown. High, jerry. Do not a lot of people recognize that weve got modern technology. Modern technology not a lot of people out of work. Between that and capitalism, weve got a big problem. You for your comments. Next up is jim from chicago. He is on the independent line. President continues to lie about the jobs market. The Retail Market is between 20 and 22 unemployment. Parttime jobs are about 37 . They created 200,000 jobs this month or last month. 300,000 people lost their jobs. People hear this, they will be fooled. The unemployment is higher than what it is. The economy is getting worse. Year or two, we will have a major depression in america because everything is fake. The fed is continuing to print money. Jim from chicago. You can join the conversation as well by calling us. Dont forget, you can tweet us. You can email us. President obama spoke yesterday in indiana about the economy. He was in a manufacturing plant. He talked about the balance between progress and how much further we still have to go. Because of the efforts we have made, manufacturing has added about 700,000 new jobs. It is growing twice as fast as the rest of the economy. New factories are open their doors opening their doors. Half of the executives have said they are looking to bring jobs back from china. Our businesses are selling more goods overseas than any other time in our history. Is important is not because of some abstract statistic. Manufacturing jobs have good pay and good benefits. Indianapolis on the democratic line. Good morning. Caller good morning. Lady talking a few minutes ago, job rates are down. If you are from the streets, im from the east side of indianapolis. I am just a white kid from the east side. I grew up doing whatever i had to do to get money. ,he people i see and care about we are all starving for jobs. We are in the streets, not getting money the way we want. Host the president spoke in your state yesterday. . He uc any job openings there are quite a few factories in the midwest. It is just if youre willing to travel. A lot of people can afford to travel because the cost of gas. If you take i am downs math down south. A gallon of milk is almost 3. 60. That is crazy. Are starving for jobs. The jobs you can get, i cant see myself working at mcdonalds or Little Caesars for minimum wage. My rent is almost 800 a month. Host we will have to leave it there. Next up is barney from florida. He is calling on the independent line. You are on the air. Caller im in florida. We have a steel business. It is booming down here. I do know what these people are talking about that they cant find no jobs. Guys in theut 20 last three months. We cant even keep up. Host have you senior wages improve . Caller i am on salary. My wages went up the last two years. Host ok. Caller we need to get rid of that congress. Host that is barney in florida. Here is a breakdown of job creation by industry sector. You can see that the Business Services led the pack. This is followed by retail. There were also strong gains and health care and hospitality. Cynthia is on the democratic line from new york. Go ahead. Caller i want to make a comment that i have been unemployed for four months. Was cut in half. I could no longer afford the onehour commute. I have three degrees. I am in the age group of 54 to 62. I am frustrated. I have never been out this long. Jobs out there. I am going to start taking temp jobs because my unemployment is going to run out. It is totally frustrating. You applyou feel when for jobs that you are suffering from age discrimination . Caller i believe so. When they look at my resume there are three things going on. I am over qualified. I may take the persons job im interviewing with. They are probably wondering what his law wrong with me because ive been out of work for four months. This is very frustrating for. Omen i worked in nonprofits for most of my career. I have gone online. I have put my resume out everywhere. I am going to have to accept a for far less than i was making because i have to meet my bills. I am trying to put my sons are college. I cant help him. My husband just has a seasonal job. It is very frustrating. I blame congress. I blame the attitude that people on unemployment are lazy. My worksheetsee that i have to supply to unemployment, you would know that i am not lazy. Host that is cynthia from new york. John boehner had this to say on twitter about the plight of those that are longterm unemployed. Nancy pelosi also responded with a tweet. She is talking about the importance of democratic priorities in improving the job market. Our next caller is in maryland on the democratic line. How is the economy looking to you in maryland. Caller thank you for taking my call this morning. Dont know why 80 of america survives. Host thank you. Next up is a michael from new york calling on the independent line. Caller hello . Thank you for taking my call. I appreciate it. Ive have been practicing for 20 years. I am a solo practitioner. People on a monthly or yearly basis. People are hurting. People are taking parttime jobs. The drop prior to the president numbers youe those have to be naive. A lot of people are parttime employed. Host which way you will you be voting . Friend just look in your and you see what is really going on. York. Michael from new i up is stephen from florida on the democratic line. Caller hello. Host you are on the air. Caller listening to that lady call in from new york and the intleman right after, empathize with what they are saying. Unemployment is 5. 9 and there are lots of jobs. Most of us have two or three of them just to stay in our house. In to thees are tied jobless rate. When the wages go down, know there are other people out there yet for lower wages. Your jobs arent safe. 50s,ou get into your there is a good chance the you are going to be replaced by a younger person. Corporations will put out these inefficiencies. They will have mass layoffs. Know, youhing you were working in a job that doesnt pay as much as is the one you had. It is happening everywhere. , employerss go down know they can get people cheaper. Nobodys job is really safe. That is why people dont buy anything. Its a bad trend. That 5. 9 number is laughable. I voted for president obama. I dont believe it is his fault. I think the corporations just have too much power. They are too big. They have two money lobbyists in congress. The we are going to keep focus on the economy for this segment. I do want to bring in a few headlines that we will see about the Ebola Outbreak. Reportshington post that it tests the readiness of u. S. Hospitals. The New York Times reports that new questions are being raised over how the hospital in dallas handled the patient with ebola. We are going to spend an entire hour on this topic. We want to give you some updates on the status of the Ebola Outbreak. We will return to the phones. This is kyle from indiana on the republican line. Go ahead. Caller hello. I think so p i live in southern indiana. The governor before mike pence, we have a good economy. Creation. B it is booming in this area. Had three or have four industrial plants open up in the last year. Believe that republicans should be the ones credited with this . Do you think democrats deserve the credit . Caller the credit goes to whatever governor or state you live in. Congress does not bring in jobs and neither does the president. The governors do. Governor, that is where the credit should go. Our governors have done a great job in the state of indiana. You have to sell your state here in. Host next up is carl from florida. He is on the democrat line. Are you there . What is your comment . Caller id is wanted to comment. I think the republicans whine about everything. They complained that the economy is bad. They are not doing anything to help fix the problem. Its one thing to create a problem and then to absolute nothing to try to help fix it. Thats who they are. That is who they will always be. Vote democrat. Host we also want to let you know that we will be continuing our cspan cities tour this weekend. Tvk tv and American History travel to boulder, colorado. This will be at noon it. You can find author david baron talking about a book about the return of the large metal and population. The. That i write about in my book is from the late 80s to the early 90s. That was a special time in older. Noil that time, there really were no lines. They historically were here. There was a campaign to exterminate them. They were largely a driven out of this area. The lions came back to a very ecoconscious community. At first, people were thrilled to see these large, beautiful cats come on to our open space. A 100 years ago, it wouldve been shot. The ranchers had no qualms about killing lions. Everybody was thrilled to have them. Unfortunately, that caused some problems. The lions were not being hassled. They found that boulder was a great place to live. There were lots of food. There were dear. Deer. The lines change their behavior. They learned that people were not going to hassled them. They knew what was happening today. They were welcomed in. That caused some conflicts. They were in some cases quite scary. One was fatal. Be sure to stay tuned to book tv and American History tv. You can watch videos on the history of the city. Ou can go to www. Cspan. Org a few more headlines for you this morning. Timesdispatch has a story about isis. Has aall street journal story. Here in the u. S. , we have two top lawmakers calling for a broader secret service probe. They are calling on the secretary to expand the scope of the program. We will turn now to our phone calls. We are taking your thoughts on the economy. Is it Getting Better . Is joseph iner North Carolina on the republican line. Go ahead. You are in the air. Caller the economy gets worse every month. We have done this to ourselves. Blame want to brohm obama or bush. The consumer destroyed it. We have destroyed everything. The foot. Rselves in when you buy a toyota assembled in america, the parts were made by people in japan. Security. Hem no salsa Social Security. Everything but shoot ourselves the footprint now we are exporting food. That is why food is going up so much. Its not energy costs. Y are outbidding us for the same loaf of bread and the same week. It is amazing to me. We grow more food than ever before. From next up is ulysses oakland, california. Caller good morning. It is amazing to listen t