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Transcripts For CNBC Squawk On The Street 20090924



even produce new jobs. but i don t know when it means better payrolls. you ve got to get down to the 400, 450 range. it still would be several months away, into early next year or mid next year. claims down much more than expected, 21,000. let me point out, economists like this number because there was noise in the prior data because of labor day. doing a little better there. 631. that s as of september 12th. the moving average ticking down to 553. we haven t been there since january. that s, again, getting there but not as fast as they had hoped. here s what we called the insured unemployment claims rate. this is the people getting claims, percentage of all those who are eligible for it. and that is now ticking down as well. pretty decidedly. although again, not as fast as some expect. hoarse the trouble with the claims data. they are actually three separate programs for claims. continuing claims, there s emergency claims, and there s extended claims. let s just look a ....

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