Detailed text transcripts for TV channel - MSNBC - 20140105:22:13:00
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In july, we were 117,000 jobs created. 75,000 is going to be seen as puny. watch the markets, they are going to react to this. it doesn't get more important than this number when we are talking about the economy. >> back to the productivity numbers, was that a surprise? >> yeah, it definitely was. one of the big stories in our economy has been increasing productivity, despite the fact that employers have been hiring fewer people and cutting back. now a vice grip for employers who see productivity falling off and now they have to pay more for those workers. not good news for employers. we'll se...
More improvement. did not get it. and we got inflation numbers today, consumer price index out today, up .4 percent bad news, indeed, do months in a row, 0.4 percent. take out food and energy it was up .2 percent, the worst in a year and gas prices driving a lot of this up 3.5 percent in a month. >>greg: prices are rising even though the economy, you know, is not doing well and unemployment is high? >> the worse of all for consumers because you may not have a job, you may be underemployed but your costs continue to rise. this is what we call low growth, high prices, and it puts consumers in a ...