Detailed text transcripts for TV channel - FOXNEWS - 20121109:10:15:15
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Ending altogether. back in 2009 feds added emergency extension to state unemployment benefits and that gave 99 weeks of unemployment. 26 from the state and those expired. congress cut back on the number of weeks that you are eligible for. there are so many people out of work. and the majority of the people are trying hard to find jobs . they are putting in the time it takes to do that. and sometimes you just need more time. emergency benefits give you something. dependog where you live it might be much less. if it fell since 2009, so did the number of extended weeks. the rate of 10.9 percent ....
Unemployment rate doesn't count the people who have dropped out. it only counts the people who have been actively looking for work. so when you factor in the dropouts, that's 10.9% and the labor force participation rate, the number of people who are working in the labor force would have stayed the same in 2009. so the question is, when you see the unemployment rate of 8.2%, you may say, hey, the president's stimulus plan is working, but you do a deep dive and look at the rate, it doesn't look so great. >> greta: so the unemployment rate is squishy, for lack of a better term, if you included th...
Above 8% for 38 straight months. that is the longest stretch above eight on record. 22.8 million americans are unemployed or underemployed, meaning they're only working part time or making a lot less than they once did. the average duration of the unemployment right now is roughly ten months. bill: hear is the ripple effect. not much better overseas. a new report showing out bleak numbers are in europe. a new record for unemployment in the 17 countries that make up the eurozone. a new high for that number. jobless numbers over there rising to 10.9%, the highest level since the euro was launche...
A reason. what's going on? >> i'm geeky. >> you're not kind of geeky. >> i'm very geeky. when you look at the jobs numbers, the adp numbers track what the government jobs numbers are, they've been tracking for ten years. when you dig into the unemployment rate and we've been talking about this, the unemployment rate looks great. 8-point #%. it looks like the strums is working -- stimulus is working. when you look at the full unemployment rate it's 10.9% because the jobless rate doesn't count people who have given up working. when you count those numbers, it doesn't look so hot. we're looking a...