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Unemployment remains high and wages remain mute? >> the charges on the home page about if you took unemployed plus marginally -- plus people are working part-time involuntarily, meaning they want to work full-time but they can only get part-time work. then you have a rate of 12%, rather than 6.1. and that is down from 14%. 14% to 12% isn't nearly as good as 8% to 6%. it's going to start manifesting politically, where there are a lot of people doing quite well, there are a lot of people doing really well. but those core rates aren't progressing. >> the car industry, we have had more recalls tha...

Year than we initially thought. put that in perspective, the unemployment rate was 4.5% before this recession. we still have a lot of work to do. one big problem many of the jobs coming back are low-wage jobs. largest gains in april were service jobs, retail trade, health care, leisure and hospitality. i'm telling you, every job in america is important but some of these jobs aren't the jobs you can send your kids to college on. the quality of the jobs we lost higher than the quality of jobs coming back and the real unemployment rate is 13.9%. that real unemployment rate that number represents ...

Labor forces change and there is something to this. we should say this up front. these numbers don't count all the folks who stopped looking for work. but i am, as you say a wonky guy, i went back and in the bureau of labor stats and looked at every one of these indicators, because they have all sorts, right? they have one that is unemployed plus discouraged, plus part time, even though they don't want to be part time, it's called u-6, the real misery measure in the economy. every one of these indicators looks the exact same. now they are at different levels because you count more and more peo...