Page 17 - 14 3 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Missed the jackpot got a mighty nice con legs prize. 34 people across america each one second prizes of at least $1 million. the labor department is reporting that despite a recent increase in jobless claims, the average number of people who applied for benefits over the last month actually dropped to 335,000. that is the lowest level since november of 2007. a month before the great recession officially began. the unemployment rate now stands at 7.4%. down from nearly 10% in december of '09. some economists are calling the number a bit misleading and it can be. they say the real jobless rate c...

Economy, along with the july unemployment numbers showing the unemployment rate dropped 7.4%. month after month the administration touted those improvements with cautious enthusiasm. >> i think the general pattern is that the economy is continuing to heal. we have a lot of distance to go, to go back to full health. >> another unemployment number offers an entirely different picture for pessimists and may explain why businesses remain hesitant to expand. it's the u-6 rate which includes underemployment, parttime employment, and marginally attached workers. it stood at 14.3% for the month of jul...

Attempts to invest in infrastructu infrastructure, create job training programs. its hospital mystic forecasting often -- we're talking about. u-6 rate. that's the one that reflects underemployment, part-time employment and discouraged workers who have given up looking. that number for july was 14.3%. >> 1.8 million americans have given up looking for work. the effects of unemployment rate for my generation is 16.1%. there's a tragedy going on. but if you look deeper into that number, it's not just 16.1%. only 43.6% of young americans have full-time work right now. if you're in my generation, ...

So as one key unemployment indicator hits a six-year low we take a closerer look at some of the arithmetic you don't often hear about. >> reporter: over the last four weeks jobless claims jobbed to 335,000 on average, the lowest average since november 2007. it is another sign coupled with last month's rate that the economy may be pulling out. >> i think the general pattern from this report, other data coming in is the economy is continuing to heal. >> reporter: another employment number may help to explain why businesses remain hesitant. it is the u-6 rate which includes under employment. it s...

Rate improved slightly, though near a 4-year low, which means that not that many people are working ultimately. and the other part that is most troublesome is the real unemployment rate. that went up to 14.3% from 13.8%. that's really the people that are either taking part-time jobs, so they really want a full-time job. so a lot of people that somehow are working 'cause they got to put food on the table, but not really where they want to be ultimately. >> jesse: talk about putting food on the table, i went to the supermarket the other day to stock up for my barbecue over the weekend and i shel...