Page 3 - 63 2 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

They dropped out altogether and they don't qualify for unemployment benefits. >> maybe you are referencing the labor anticipation rate. it is at 63.2 percent. and of course, it could be touted that that number went up and more people looking for work at a six- month high. it is at the lowest it has been in over two decades. >> yeah. >> are we improving the job situation in the u.s. right now? >> yeah, it is improving and i have fingers crossed that we will see improvement. sandra, when i count the numbers and people unemployed and dropped out of the labor force and they are not looking for a j...

We have this lackluster recovery. >> let me show you this graph courtesy of the "wall street journal." this is the employment participation rate. look at that. it's down at an abysmal rate of 63.2%. hasn't been that bad since 1977. the employment number's more revealing, 58.9%. while unemployment has gone down, the labor rate has not recovered. >> this is serious. this is important and serious. >> can you blame the obama administration, their policies are just not working? >> certainly, there are a lot of things going on happening at cross purposes. when you raise the cost of labor, the afford...

Good signs. >> mike: people are giving up looking for work. that's one thing. >> august unemployment rate dropped to 7.3%. what exactly does that mean? is that good news? bad news? peter morici on this morning. he is an economics professor from the university of of maryland. he put it all in context for us. listen. the number of americans that are not seeking work, that don't have employment is up by half a million in one month alone. mr. obama's most effective job program is to convince itself that they don't need a job. it portends an economy that it is very, very sick. people are so discour...

Counted and the number of people actually participating in the job market is the lowest in decades. >> only 63.2% of adult americans either have a job or are looking for a job. that is the lowest rate since 1978. >> nevertheless, white house officials tried to put the best face on it. >> another solid steady month of job growth if you look over the last 12 months. the economy has added 2.2 million jobs. >> the job gains in june and july were revised down 74,000. >> the decline in the labor force participation is a bad sign for overall optimism. >> officials argued over the long term, the econo...

Numbers, 7.3, people will see that and go, it's a really good thing. also it says the participation rate, the proportion of people who are working is now at the lowest rate it has been in 35 years. some of those are baby boomers retiring. but others simply have given up. >> steve, you're so right. that labor force participation rate is at 63.2%. 35 year mark. it basically says people are dropping out of the work force totally and that's why we see that unemployment rate drop down to 7.3%. it doesn't mean that people are cheering and got so many great jobs. on the contrary. you had stuart varne...