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Today's report, bill was one very little sunshine in it. in fact so little, that 34,000 americans simply gave up and went home -- 342,000. we need to do a lot better than that. bill: the labor participation rate is dismal. of the percentage of americans eligible for working the number, 63.6% today. you would have to go back to 1981 before the number is that low. that's remarkable. >> this is a testament to of completely tailed set of -- failed set of labor market policies. this the lowest fraction of americans even trying to work in 3 1/2 decades. we need to put in place policies which encoura...

>> let's move on. 115,000 jobs created last month, well below the consensus estimate. that is a terrible number. the unemployment rate did drop to 8.1% but only because fewer people are in the workforce. you have to be looking for a job to be counted. the labor force participation rate, 63.6%. all in all, a lousy number. this is not good politically. it is also maybe a call to action by the federal reserve to have to think about doing a third round of quantitative easing, qe-3. >> brian, this is the second month of bad numbers. the second month that the unemployment rate didn't go up, because ...

Last couple years that it looks like things are getting better and there's a dip for a while where things get worse and it picks up in the summer. maybe that will happen this time around. these numbers are bad. what's striking about the numbers is not just the low rate of job production, but the participation rate has gotten to be terrible. the highest since 1981. >> yeah, i believe the participation rate is 63.6%. that is as you said, the highest or the lowest since 1981. the other staggering statistic is the long-term unemployed. we talk about folks, that's folks who have been without a job ...

Do you think tell take? let's go to the white board. here's the answer. tell take until 2025 to get back to the number of people that are working -- if we continue at the rate bam bottom's going. this is just unacceptable. we are 4 1/2 million jobs less than we were when the recession started. we are 61,000 fewer people, according to the bureau of labor statistics than when he took office. we have 8.1 million fewer people in the workforce altogether. 63.6% was americans are in the workforce. that's the lowest number since jimmy carter was in office. we had double-digit inflation and double-dig...

Do you think tell take? let's go to the white board. here's the answer. tell take until 2025 to get back to the number of people that are working -- if we continue at the rate bam bottom's going. this is just unacceptable. we are 4 1/2 million jobs less than we were when the recession started. we are 61,000 fewer people, according f labor statistics than when he took office. we have 8.1 million fewer people in the workforce altogether. 63.6% was americans are in the workforce. that's the lowest number since jimmy carter was in office. we had double-digit inflation and double-digit interest rat...