Detailed text transcripts for TV channel - CNN - 20100702:13:02:00
Context. christine romans joins us me live from new york. what does this number actually tell us? >> it tells us that the unemployment rate in this country now stands at 9.5%. you are right. that's better than people had hoped and it is a decline in the jobless rate. but not necessarily because of a bunch of people got jobs. 600,000 people simply stopped looking for work that are no longer counted in the figures. when we look at job creation overall the economy lost 125,000 jobs in the month of june. 125,000 jobs, that makes it the first month this year that we have had negative job creation i...