Page 24 - 162000 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Which is the lowest in 4 1/2 years. the 162,000 jobs created kind of disappointing, kind of a mixed picture. steve, lightning round rules, have empty, half full? >> it's half empty. i think it's more than half empty. look, the labor force participation rate remains low. there are all sorts of numbers, part-time workers, shifting from full-time to part-time numbers, this is the new normal. we've had this discussion for years, is this the new normal? clearly it is. you can take the statement that came from the white house today and substitute any other statement from any other white house in any...

Far higher than promised. douglas holtz-eakin is the president of american action forum and a former director of the congressional budget office. it's great to see you. >> thank you. jamie: what's your impression of these numbers? are they, well obviously they wean as good as expected but are they worse than they appear? >> well it is a here we go again story. each time you get something looks to be good news, 162,000 jobs and decline in the unemployment rate, when you dig inside the report what you find is that fewer looking for work, they're discouraged. those who are working are working few...

I thought that for the last three years. we have seen it in our own company. and i scoured this report trying to look for good news. 162,000 jobs. wages down, hours worked down, revisions, all down from may and june. so i went to the household survey. i found out in the year of our lord 2013, 77% of all the jobs we created were temporary jobs. does that mean if you baby-sat for your aunt for a couple of days that counted as a job? and i'm convinced more than ever before, because we consulted our own company, that obamacare has corporations so uncertain what is going to happen that they are not...

Has wall street pulling back a bit after the dow and s&p reached highs yesterday. is this pull-back entirely related to the jobs report? >> it is. interesting to see this, especially after the markets hit all-time highs. the federal reserve said it will continue to plug money into the economy as its weakness is improved but i think many believe the economy was no longer this week. the stock market in response is down across the board. 162,000 jobs created in july far below forecast. may and june numbers were revised down. the unemployment rate did tick down to 7.4% largely because the work for...

Paid into their current health insurance, is it? now they'll have obamacare and they may not have as good of care as they currently have. they've been known for having the best care around. but i think it's important that the leaders have the same health care that is basically been passed for everybody else. >> charles? >> it's not really the egal tearion -- here you get a subsidy because you are privilege, you're a member of the congressional staff, or of congress. so regardless of need, the feds are going to pay about 70% of your premium. it doesn't happen if you're an ordinary american. eve...