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>> steve: all right. fox business alert. the labor department just releasing their latest weekly jobless numbers. 429,000 first time unemployment claims were filed last week. they were expecting 395,000 claims. eric bolling joins us live right now with reaction. that is not a good number. >> no, that's elevated. the last couple of weeks have had a four handle, starting with four. five or six weeks ago we started to tick down, 380, jumped up to 413,000 two weeks ago. 403 last week, now going in the wrong direction. that's alarming. i'm sure -- i'm sure the futures in the stock market are starti...

Growth this year, the gdps at annual rate of 1.8%. economists say we need at least 3% for job growth. as states start cutting their budgets, you also have the rest of us spending less because of higher prices for gas and food. also that might be a factor in the latest unemployment data we received this morning. jobless claims are at a three-month high with 429,000 americans filing for unemployment benefits. that's higher than expected and is a warning, a warning sign to some analysts that we're not yet in a period of sustainable job growth. a story we'll continue to watch. the storms in the so...

In this situation is we know we have seen in the past and we know we will see in this situation that people pull together in these communities, others come to help from other places, build their skills to bear to to whatever they can. our hearts go out to all of them. we than that you for being with us today, governor to give us your thoughts on this. you've been down this road and you have good advice. thank you. >> thank you, martha. martha: we're going to take a few minutes to talk about the economy. numbers that came in on the home front and they are really not looking too good. first you'...

Security team. an interesting time to be reading that piece in "time" maggene. time now for a check on business before the bell. where should we go, joe? >> to our international superstar, cnbc's erin burnett live at the new york stock exchange. erin what are you looking at today? >> two big headlines just crossing. they're a little bet blanky. your warning. gdp coming in, how quickly the economy grew. first look, you get a few visions. first look. economy grew 1.8% sort's in line what people were looking for, not a good number. not at number suggesting significant job growth and not a numbe...

Across our state. now, comparatively, we saw 412,000 customers who were without power. so we're making steady progress. as you can imagine there's still a lot of people in the dark. it's still a lot of people who will have to wade through some uncomfortable days. >> it will be very difficult. keisa sharpe, thank you for giving us the latest. over 400,000 at one point, customers with no power at the moment. we have some new numbers that show the road to recovery that has hit a speedbump and higher gas prices get part of the blame. the government saying that the gross domestic product grew by 1....