Detailed text transcripts for TV channel - FOXNEWS - 20120602:00:04:00
Why did the unemployment rate tick up in may? >> short answer, bill, is that we had a lot more people entering the workforce. not enough jobs being created to offset the number of people entering. we had about 650,000 new entrants to the workforce. we only added 69,000 jobs on net. that's going to drive up the unemployment rate modestly like we saw in the numbers today. >> bill: did they come from colleges because of college graduations? where did they come from, these people who want jobs? >> this is mostly people who were on the sidelines in previous months. the last month we had a number of...