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Jerry linden and global chief investment officer for morgan stanley investment management. great to see you. 162,000 jobs added sounds like a lot. let's put it in perspective, you and me, 51 consecutive months of growth to make up for the lost jobs since the recession begin. is it a bit premature for larry summers to say the jobless trend has turned? >> most economists you need between 125,000 new jobs created per month to hold the unemployment rate from going higher because of new people entering the work force at any point in time. so it is an interesting number that has come back off where ...

On "fox news sunday," jon kyl of arizona and democratic senator arlen specter of pennsylvania debated over the stimulus bill and what we can do about the economy. >> i think what republicans will do, is look very carefully at any more spending plans, because, as it turns out, we have spent hundreds of billions of dollars, to very little effect. >> i think there is general agreement, that has the stimulus -- had the stimulus not passed we would have sunk into a 1929 depression. >> eric: joining is this anchor of "fox news sunday," chris wallace who joins us every week at this time. good morning...

Acknowledging it's not acceptable that number. still, they're confident the long trend of job losses and been reversed and point to the 162,000 created in march as an example. our malini wilkes is live in washington with the entire story, malini. >> harris, this morning key members of the president's dmik team noted strong numbers on job creation. as you mentioned 162,000 jobs with added in march and remains stubbornly highway. larry summers says we have a long way to go before unemployment tropes to pre-recession levels up under 5%. >> as conditions get better, more people decide to look for ...

>> well, 40% of the unemployed have been unemployed more than six months so it will have a profound effect on those people unemployed. many millions of people will be affected. it won't affect the overall economy that much because it won't amount to that much spending. going forward something is going to have to be done to find jobs for these folks, and that's not going to be easy. once you're unemployed for about three months, the odds of finding acceptable employment diminish rather dramatically. >> right. >> 162,000 jobs having been created in march, peter. is that in your mind a turning po...

If is time for the sunday group. brit hume, fox news senior political analyst. contributors nina easton from "fortune" magazine. bill kristol of the weekly standard and juan williams from national public radio. let's review the numbers. unemployment stayed at 9.7%. 162,000 jobs created the most in three years but the hiring for the census bureau was greater, 48,000, than all of the hiring for the manufacturing sector in the country. so when you add all of pluses and minuses together where is this economy? >> first of all, happy easter to everyone. i think the president had it right when he sai...