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Part-time work and they don't count in that number the people who have left the work force altogether because they still don't have a job, still want one, but they're not counted as unemployed. so, they discuss that one more in their monthly report, but they do include in every monthly report what's called the u-6 unemployment rate, so it's up to the media to do interviews-- >> what it sounds like you're saying is that the u-3, the one that everybody hears about 7.8 isn't as relevant as u-6. >> clayton: it becomes a political football, both sides use that number that alisyn was just referring ...

And it's going to be a horrible number. wait 'til you see what the re-- they coo it all the time. wait 'til you see how bad the readjustment number is. but by that time, it's too late. if this particular president gets reelected. >> steve: the number we used, 14.7, comes to us from bureau of labor statistics. gretchen mentioned ceo's where ours come from, the underemployment number. jack welch took a look at these numbers. remember, thereof a surge in employment like we haven't seen in 30 years that was announced on friday. jack welch says, unbelievable jobs numbers. these chicago guys will do...

Overall employment and underemployment rate up to 14.7% and unchanged a very bad number indeed. i think that reflects what people see around them and i don't think this helps the president very much. >> chris: mara, 7.8%. do you think that changes people's perception that well, maybe the economy is getting better. in. >> i think it can. but i agree with brit. t has to do with how people are feeling about their own situation. we have seen consumer confidence getting better. i would say one of the reasons that the president had been doing a little better recently until the debate was because not...

Whether or not these people are choose to go powork part-time ty want to work part-time? >> there is a line indicating the people do want to work part-time. if you were to factor in the people who want to work part-time the people who dropped out of the work force to what the real unemployment rate would be it would be 14.7 percent. >> that's the real unemployment rate under employed a. >> we are talking about 23 million americans who want to work or are working part-time or have given up. >> how many jobs should we be creating every month? >> that's the number we should be paying attention to...

Overall employment and underemployment rate up to 14.7% and unchanged a very bad number indeed. i think that reflects what people see around them and i don't think this helps the president very much. >> chris: mara, 7.8%. do you think that changes people's perception that well, maybe the economy is getting better. in. >> i think it can. but i agree with brit. t has to do with how people are feeling about their own situation. we have seen consumer confidence getting better. i would say one of the reasons that the president had been doing a little better recently until the debate was because not...