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Detailed text transcripts for TV channel - MSNBC - 20140703:13:49:00

Happened, but it appears to be the case. it does appear to be the case. you know, i often say we don t want to make too much about any one month s numbers. we now have five months in a row above 200,000. that s the first time we ve seen that since the late 1990s. you look at the first half of this year as a whole, it s the strongest first half of a year also since the late 1990s. so there is no doubt that the economy is strengthening and that this is good news. obviously there s always concern it feels as if one part of the economy is recovering faster. we look at dow 17,000, we look at sort of where wage growth is. the uneven part of this recovery, that it feels as if maybe it s more on the coasts, more with college educated, that middle america, both geographically and within the economic ladder aren t recovering as fast. yeah, i look at this report and i see two real challenges ....

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Detailed text transcripts for TV channel - MSNBC - 20140703:13:50:00

For us in terms of public policy. one is caused by the recession and that s the unusually high number of long-term unemployed people. that rate is 2%. rate is 2%, itt it was going into it. we really need to be doing more about that. then i see something that s gone on for decades and precedes the recession and that s something that hasn t been solved yet and that s the stagnation of wages and that explains everything the president s trying to do from infrastructure to performing our tax structure to raising the minimum wage. i want to ask you a question got a new normal that hasn t been fully factored introwhy this economic recovery has been sleeter to gain traction. that is the part that the american public is state offing more, doesn t spend as much, this isn t a consumer driven recovery. are you still seeing that, or are we seeing signs that maybe ....

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Detailed text transcripts for TV channel - MSNBC - 20140703:13:48:00

Finished product would make people uncomfortable. cheney wound up winning the september 12th primary with 42% in a three-way race and still calls it the toughest election of his house career. his november win was a walk compared to that primary. he won with 59%. hope you enjoyed that little trip down memory lane. turning back to the june jobs report that showed a gain of 288,000 jobs, the markets have responded by surging past the 17,000 mark. all major indicators are in green this morning. so let s bring in jason furman, chair of the white house council of economic advisers and he joins me now. jason, good morning to you. let me just start with good morning. your analysis here of what happened today and the fact that it appears that you are vindicated in what you said the first quarter gdp was all about, that this contraction was a unique episode in the recent history of the american economy, that weather was so catastrophic that it actually shrank the economy but it didn t ....

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