Detailed text transcripts for TV channel - FOXNEWS - 20130902:03:07:00
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It's something called the employment rate. it's the share of the working age population with a job. now, right now that number is very low. it's about 58.7%. and the problem with that, of course, is that when the recession started, that was up to be about 63%. when the recession ended, that had fallen all the way from 63 to 59.4%. but, since then, in this four years of recovery, that number has only gone down. it's actually declined over time. so, for any sort of progress in recovery, that's the number that has to go up. you have to have a bigger share of your population with work and that's j...
Employment rate. it's the share of the working age population with a job. now, right now that number is very low. it's about 58.7%. and the problem with that, of course, is that when the recession started, that was up to be about 63%. when the recession ended, that had fallen all the way from 63 to 59.4%. but, since then, in this four years of recovery, that number has only gone down. it's actually declined over time. so, for any sort of progress in recovery, that's the number that has to go up. you have to have a bigger share of your population with work and that's just not happening. >> gove...