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>> mm-hmm. >> it's basically impossible. the fact that people -- more people are trying to find a job would indicate they feel more optimistic perhaps about being able to find a job. and i'll give you another piece of data, and listen, the long-term unemployment rate, those unemployed for six months, 3.6 million, still obscenely too high. that said, the number did decline by 232,000 -- let me double-check that number. i'm going off the headlines with -- yeah, down by 232,000 from december. so there was a slight drop in the long-term unemployment rate, a slight up tick in the labor force partic...

The president's arrival. right now if rates are 34.4% and if congress doesn't act by july 1st, they could rise to 6.8%. this affects 7 million people, 7 million college students and as you might expect, if those interest rates double, can you imagine the student loan payments? let's listen to the president. >> one of my favorite things about the job is that i get to spend some time with remarkable young people from all across the country. it inspires me. it makes me feel good. those of you who have had to put on suits and ties and show up at the white houses first thing on a friday morning may...

Some of the reason that dropped is people have dropped out of the work force but were discouraged. the other part is we have seen people who are getting older and retiring. the one thing i could say if nit picking is the average hourly earnings ticked down by a penny to $23.58 and hours worked unchanged at 34.4 hours a week. all in all a great report. >> no conspiracy theories linked with this one. >> not this time around. 7.9% is actually a little higher than when president obama took office. so republicans can't -- >> that's what you hear. >> yep. >> thank you, becky. up next, taking a deep ...

>> he wants more government. >> well -- >> i'm not talking about him because he doesn't write the headlines. >> he's an opinion writer. >> let me give you a vivid example today. all the auto companies came out with their sales. general motor sales are abysmal. i personally think they'll need another bailout. the headline in the l.a. times is general motors' sales is up 2%, it was up 1.5, but they rounded up. in the same sentence they said volkswagen was up 34.4%. they didn't round that one up or down. [laughter] it's just an all out block and tackle, block and tackle. >> are do you think, eith...

Be hundreds of thousands leaving the workforce every month. the labor participation rate continues to decline. the question is what does this mean for the president considering this is his economic plan? >> let's add a few more numbers in as long as we are on it. 23.2 million people unemployed working part time but seeking full-time work or so discouraged they dropped out of the work areforce. 8 about percent or greater unemployment for 40 months. longest period since the great depression for are high unemployment. 5.7% unemployment is where president obama told us it would be today. so we are...