• With: Donald Trump

    This is a rush transcript from "On the Record," January 10, 2014. This copy may not be in its final form and may be updated.

    GRETA VAN SUSTEREN, FOX NEWS HOST: Well, 2013 goes out with a whimper, certainly not a bang. Grim news today that the economy added only 74,000 jobs in December. That's horrible. That's the weakest month for job growth in three years.

    And there is more. Earlier today, we spoke with a boss who knows all about jobs and hiring, Donald Trump.

    (BEGIN VIDEOTAPE)

    VAN SUSTEREN: Donald, nice to talk to you.

    DONALD TRUMP, PRESIDENT & CEO, TRUMP ORGANIZATION (VIA PHONE INTERVIEW): Hi, Greta.

    VAN SUSTEREN: Donald, this morning, I woke up and saw the unemployment level had dropped to 6.7 percent and I was absolutely ecstatic until I read further that for every job we added in December, we lost five. Five left the work force.

    TRUMP: It is such an unfair number that 6.7 because, as you know, it's people that have given up looking for work, all of a sudden, be they become essentially for purposes of numbers, they become employed. It is such an outrage that they are allowed to use that number. As you know, the numbers were terrible. Because they thought many, many people would be put to work and it was just opposite. So the numbers are terrible, but they're artificial numbers because of what you just said. The actual unemployment is possibly 17 percent, Greta. It makes politicians look better. I'm not just talking about the president. It makes them look a lot better. People give up looking for work and, all of a sudden, they don't count in the numbers. But even the biggest Obama fans and the biggest administration fans are saying these numbers are catastrophic because the end result is very few people got jobs.

    VAN SUSTEREN: At some point, it's almost like being on a plane. You get down so low to the ground there is no recovery. You can recover from a few bumps at 36,000 feet. Get down to 2,000 feet, you can't take much. We are now getting to that point for a lot of Americans. We are now down low to the ground. What in the world is going to happen? We can't keep adding only 74,000 jobs in December and having the lowest proportion of people working or looking for work in 36 years.

    TRUMP: Well, this number was amazing because everybody thought we were going to be adding 300,000-plus jobs and they were expecting 300,000. That would have been a good number. And they were actually inspecting more than that and then the number came out at 74,000 or 78,000, a very, very small number ad everybody was shocked. I was watching one of the business shows. They couldn't belief it. They thought it was a mistake. So this is really bad. Yet, despite that, despite these horrific numbers, the unemployment goes from 7 to 6.7, because, again, people gave up looking for jobs. It's a very sad thing.

    VAN SUSTEREN: Whatever we are doing -- I think it's now time to admit whatever we are doing just isn't working. At least some point -- I mean, we have had such a terrible situation for so many Americans, we've got to change gears at this point. We have to do something different, some other plan.

    TRUMP: Well, Greta, I have been saying it for years. I have been on your show many times. You have to say I have been very consistent. We are not manufacturing things like in the good old days. We are buying products from China. You look at the Chinese surplus, it's unbelievable. They are loaning us money. It's not only China. It's many countries. China would be, I would say, the biggest abuser by far. But you look at what's going on even in Mexico now where Mexico, all of a sudden, is really doing a great job, and very much to our expense. So it's -- many different countries are smiling and they are so happy because they are making our product and we are buying the product and we're having tremendous deficits. But the bottom line is we are not doing jobs.

    VAN SUSTEREN: All right. Let me ask you about -- are you running for governor? I understand you are meeting with people or have met with people about running for governor of New York?

    TRUMP: A group of people, a great group, a big group of people, over 50 just came in to my office and I was very honored by it. As you know, the state of New York is doing very, very poorly. Tremendous unemployment. Tremendous. And the highest taxes in the United States. So, they are talking to me. And I have given them certain ideas and certain parameters. And we will see what happens. But certainly it's something I'm considering and I will make a decision pretty much by the end of the month or early February.

    VAN SUSTEREN: Give me the odds sort of, like are you 7t percent thinking of it or 25? Give me a number.

    TRUMP: I think -- you know, I think there's a good -- I love the country and I love the state of New York. I see what's happening in New York and certainly with the country, as we just discussed. That's the least of our problems in the country. But I see what's going on with the state of New York and it's really a -- it's a very sad situation.

    VAN SUSTEREN: So if I'm betting money, what are the odds right now?

    (CROSSTALK)

    VAN SUSTEREN: What's the chance?

    (CROSSTALK)

    TRUMP: -- and I said this. If there is unity in the Republican Party, I would do it. There has to be unity. They have to go --

    (CROSSTALK)

    VAN SUSTEREN: Put a number on it. Give me a number.

    TRUMP: Let's say 50/50, a 50/50 number --

    VAN SUSTEREN: OK. All right.

    TRUMP: -- if we have to go with numbers. I want to see unity in the Republican -- the state is three to one Democratic. It's not something that's so easy to do. If you do it, you have to do it right. But when you have sound bites that you are the number-one taxed state in the nation, that's a bad sound bite if you happen to be incumbent governor.

    VAN SUSTEREN: Let's talk about numbers. How about the number 10 for "The Apprentice"?

    TRUMP: Well, what do you mean by the number of 10? Explain.

    VAN SUSTEREN: Have you been doing pretty well. You've been on the year, what, 10 years?

    TRUMP: Oh, yes, it's 10 years. It's 10 years, and they just had the birthday the other day. And it's been an amazing show. It's been the number-one show on television for a period of time and it's been just an amazing show. And we're going to do another one. There are no laws, interestingly, if you run for federal office, you can't have a show because they have the equal time provisions, which make it impossible. If you run for state office, you can. So there is no obligations that way. That's an important element. But we are doing another one. We have like a fantastic cast. But I'm very honored. Who would have thought that Donald Trump, 10 years on prime time television? Who would have thought this?

    VAN SUSTEREN: I don't know. But congratulations on 10 years. Should I plan to come up to New York when you make your announcement, so you sit down with me and make it right here ON THE RECORD?

    TRUMP: I would love to have you. You have been a friend and somebody that's a very special person, and you do really great at what you do. I would certainly love to have you. It was great to see you at Billy Graham's birthday party because is he a special, special man, and so is Franklin, by the way.

    VAN SUSTEREN: Indeed. Indeed.

    Thank you, Donald. Nice to talk to you.

    TRUMP: Thanks a lot, Greta.

    (END VIDEOTAPE)