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Obama, you know what his solution is? more spending. more spending. mitt romney, on the other hand, does have a plan and all this president wants to talk about as gretchen mentioned earlier is class warfare, war on students, war on women. what war is next? >> why is it -- >> john, john, let me ask you this. wouldn't it benefit the democrats if in fact this ad did go up? because it wouldn't be talking about the economy. and that's what president obama and many argue doesn't want to talk about. >> we're happy to talk about the economy. last month of the bush administration, 741,000 jobs lost. if...

For most people this recession boils down to one thing, jaukz. stephanie elam at the new york stock exchange with the details on the jobs report. thousands of people still losing their jobs. >> reporter: yeah, it didn't get any prettier in january. the economy lost 20,000 positions last month. analysts were expecting a slim gain. the major culprit was the construction industry, which we've seen this entire recession. take a look at this chart here and it shows you where we're coming from. january of last year we lost 741,000 jobs in just that month alone and the job losses continued until we f...

It really isn't. the unemployment rate was 10.1% and it fell to 9.7%. again, you've got to emphasize, though, for that, you're only counted as unemployed if you've been looking for work in the past month. and the unemployment rate can distort the story, which it appears it is again. the payrolls, which is the number the market looks at and it tells the truth about the economy, we did see a drop of 20,000 payrolls. a lot of people have been looking for a gain. the consensus estimate is that we would see an improvement, as in net hiring for the month of january. we did not, we saw a drop. on top...

January, because in january, you always see a lot of people lose their jobs post holiday season. the seasonally adjusted number is the number we go with. last number that was 741,000, but the real adjusted number was a loss of 3.6 million. so usually in january is the number is a whole lot worse than the number we tell you on the screen. while the number was 20,000, a lot more people actually lost their job than that in january, but they're adjusting it, trying to get rid of that holiday effect. >> i'm a simple country lawyer, as you know, just a plain old country lawyer. it seems to me, last ...

From this big jobs report tomorrow? >> reporter: rita right. this is a big deal for business correspondents. this is the number that will tell us how many jobs the government said we lost from the private sector and public sector over the month of january. right now analysts estimate we'll add 13,000 jobs. compare that to january of 2009 when we lost 741,000 jobs. just to put that in a little perspective. but there's a lot of skpep ae discrepancy. so we'll wait to see what the government says tomorrow morning. but the consensus is that we will have added 13,000. >> okay, we shall see. hey, tha...