Page 2 - 30th Month News Today : Breaking News, Live Updates & Top Stories | Vimarsana

For the 30th month in a row. a total of more than 4.6 million jobs. >> even though the unemployment rate did drop to 8.1% next month, our next guest says it's because hundreds of thousands of people stopped looking for work and they're no longer counted in that tally. >> economist and professor of international business at the university of maryland, peter morici joins us this morning. good to see you, sir. >> good morning. >> we have got 368,000 people leaving the workforce, that's about a four to one ratio to the jobs created. now, there are an enormous amount of baby boomers entering or nea...

Good morning. i'm chris jansing filling in for alex. a critical day unfolding on the campaign trail this saturday. both president obama and mitt romney taking their messages to key battleground states after both sides made their case at their conventions. the president begins in st. petersburg, florida, this morning, before heading to kissimmee. governor romney will speech in virginia beach and then attend a nascar race in richmond. a day after the new molly jobs report showing the economy added fewer than expected 96,000 jobs, even though the jobless rate dropped to 8.1% to 8.3%. here's the...

Income statistics that came out last week, that were pretty lousy, the only age group that saw an increase in their income was senior citizens buzz they are not in the workforce but they get their income from the benefits of government and such. but here's the problem with your guys' analysis though. it is true that there's a wealth effect in terms of higher stock market values. the housing market hasn't done much at all, but the bigger problem is when you look at the wage issue, steve. and that's where i think obama has a steep decline. wages are down 4,000 for the average family. >> you're p...

Lost manufacturing jobs for the first time in a year. that's why the president at his first event in new hampshire had to do a little bit of explaining. >> after losing 800,000 jobs a month, business once again added jobs for the 30th month in a row. aal of 4.6 million jobs. but that's not good enough. we know it's not good enough. we need to create more jobs faster. we need to fill the hole left by this recession faster. we need to come out of this crisis stronger. >> reporter: the president went on to do what he was doing last night. set this up as a choice election saying it's not just abou...

Organizations. what does that mean? we'll explain ahead on "studio b." first, grim news on the economy threatening to bust any bump president obama earned after the nomination speech. the labor department reporting u.s. employers only added 96,000 jobs last month, well low the 125,000 needed to show economic improvement. add to that the unemployment rate dropped 8.1 for the wrong reason. it fell .2% in july but because many gave up looking. >> in new hampshire, the president acknowledged the bad news but tried to put a good spin on it. >> after losing around 800,000 jobs a month when i took ...