Human Recession News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Remember larry summers recently said we're in a statistical recovery but a human recession. these numbers are indicating that maybe the worst of the labor market declines are behind us. the unemployment rate was steady at 9.7%. we lost another 36,000 jobs last month and jobs loss since the start of recession still much more than 8 million. this is an incredibly important report for economists because, look, you have to have the employment situation improve to really be a foundation for a lasting and sustained recovery. so this is why we're really watching this report pretty aggressively. there...

To be in full effect, wall street. bonuses up 17% in 2009. it may be a recovery, ali, but as you can see, it's a very fragile one at best. >> that's right, christine. that brings us to the heart of the matter, which still remains jobs. obviously, if we had better employment positions, people would feel better about the economy. take a look at this map. it provides a shocking visual of how unemployment has spread like a virus throughout the country. this was provided to us by la to toya, she put this together as a graduate student. as the map gets darker, that means unemployment is worse than i...

Larry summers said it's a statistical recovery but a human recession. that pretty much writes off 2010. >> we talk a lot too about residential home foreclosure but we haven't talked much about commercial property foreclosure. >> tick, tick, tick. a lot of people say that's a time bomb. we know the volume of banks preparing for what the commercial real estate problems will likely see later this year and next year. >> let's hope the new normal doesn't last too long. coming up, forced to resign under a cloud of controversy, president obama's former green jobs czar now being honored by the naacp...

. ♪ 21 minutes past of the hour. >> christine romans with us this morning. >> we're looking at new data that show how the great deprepgs shaped our priorities. we are in a statistical recovery but human recession. triaging their bills and growing member of americans are paying their credit card bills first before their mortgage. conventional wisdom is when you're in trouble, you pay that mortgage at the first of the month or 15th of the month because you have got to pay that secured debt first. what's happening is more americans are going late on their mortgage but staying current on the c...

Taylor swift this morning. 20 minutes after the hour, that means it's time for minding your business. president obama will deliver his budget to capitol hill less than two hours from now. projects a $5 trillion deficit over the next five years. another $100 billion for job creation is included in the budget and the president made that as top priority during the state of the union address last week. can he deliver on all of this? christine romans digging deeper on this. >> none of the other economic indicators matter. it's all about jobs. larry summers says the country is in a statistical recov...