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Published: Thu, 22 Oct 2009
Description: Troubling new unemployment numbers from the Labor Department
Automatically Generated Transcript (may not be 100% accurate)
" All right good morning everybody Fox News alert now we -- news on the jobs front the unemployment number out now the issue Americans take concerns them the most in here is why. New numbers and Labor Department this morning thirty minutes ago showing 531000. Jobs lost in the past week. That's almost the size of metro Atlanta Georgia. Good morning from New York City I'm Bill Hemmer welcome -- to America's news in the morning. -- might have seen -- today for Megyn Kelly now those numbers are coming out of the Labor Department says 23 states reported higher unemployment in September. Even more troubling -- 49 of the fifty states have reportedly lost jobs. Since the federal stimulus plan was an active back in February that was the plan administration said. Would create three and a half million jobs instead. Two point seven million jobs have been lost a net for a difference rather six point two million. I now you wonder how Washington got the so wrong Greg McBride as my guest not a Florida Greg good morning to you how did we get it's are wrong. -- it odd thing is bill if you know there have been some what people called green -- with regard to the broad economy it. We're not seeing that in the labor market unemployment continues to rise and this is not evidence that employers are willing to take the plunge in higher. And we're getting the hopes of a renewed dose of that information with these weekly unemployment -- some of the worst is -- some of the stories you heard from employers and I'll say I can do without -- these people. So -- royal mosque for. Perhaps a very long time if not forever I mentioned forty out of fifty states. What they're doing right North Dakota drag that's the -- statement apparently added jobs. Now I think a lot of people probably looking to move the North Dakota that's where the jobs are -- the period of unemployment is getting longer and longer bill there are currently five million people. Nationally there have been out of work longer than six months and so we have to consider that. What we look at these filings because what we're seeing is that continuing claims. Have actually declined. But it's not declined because employers are adding job it's why because people are seeing their benefits expire after having been out of work for so we'll -- we look at the unemployment number this is to continue climb northward on -- not nine point 8% going back to last month in September. With that as a backdrop with a White House and argues they say look we be in a much more difficult situation now have we not enacted this stimulus plan of last February. Now do you buy that."
" May well be true I you know I think the other thing to keep in mind is that this economic recovery is going to be very sluggish in about half of that stimulus money's going to be spent in 2010. So that you we may get some further questions about unemployment come next year. Because again employers are not -- start adding jobs we're going to see unemployment continuing to rise that for the."
" Foreseeable -- the White House to take a step further this year when it comes education -- 650000. Jobs created or saved the stimulus. And they point specifically to cities like LA 6000 jobs and LA. New York City able to retain 4000 positions. In the fifteen seconds left Greg do you believe that the stimulus to save jobs. Would we be worse or not. I believe we would be worse that I think it's up for debate just exactly how many jobs as saying but yes heavily as say -- Greg McBride out of west palm thank you for that good morning to you again thanks for your time Republicans on the house ways and means committee of come up British charts they say. Illustrates how badly states are lagging on stimulus jobs either website has a table tracking job creation and each state. According to the Republican numbers every state as I mentioned except North Dakota has lost jobs since the stimulus plan what in the -- its 49. Out of fifty states on the other side of the argument. The White House website recovery dot gov claims 30000 jobs have been created or saved since stimulus spending began. And in some quarters we'll put that number a lot higher we're gonna join that throughout the morning here it's a big deal where are the jobs -- speaking of."
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