Detailed text transcripts for TV channel - MSNBC - 20110527:20:28:00
Best. the labor department says 424,000 new workers filed first time unemployment claims last week. that's 10,000 more than the week before and the first increase we've seen in three weeks. to put it in perspective applications peaked much higher near 660,000 during recession. claims need to be closer near 375,000 to turn the market around. are we at least on the road to recovery? let's ask our special michael spence who received the 2001 noble prize in economics. he is also the author of the important new book the next convergence, the future of economic growth under a multispeed world. thank...
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