Detailed text transcripts for TV channel - FOXNEWS - 20120810:04:22:30
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You can see the numbers since the numbers started faltering. we need to be below that yellow line. we have been at or above that for 195 of the past 216 week. that's phenomenal. stuart varney, you are going through the numbers. down 6,000 now. what does that tell you? >> reporter: do not grasp at straws. do not take a 6,000 reduction as a positive signal. 361,000 new faces on the unemployment lines is still way too high. it still implies far too many layoffs in this economy and the bottom line is the economy is still weak. it's sluggish at best and these numbers suggest exactly that.