Unwelcoming Report

" Well not that you need statistics to drive home how tough it is to find a job these days but the numbers do illustrate the problem in this country. The payroll processing company eighty pieces US companies cut 203000. Jobs last month. It's a further sign that the unemployment rate cut rates could keep climbing even though the economy. Is showing some other signs of a rebound Eric Bolling is live at the Fox Business Network he has more on. Some pretty ugly numbers higher."

" John and there's good news and bad news the good news is -- silver lining here is that the job losses in the private sector which is what the ADP report shows. Are less than they were in September -- the October losses were we're a little bit less. The bad news is there were more than we're expecting we're looking for number run a 190000 jobs plus we got 203 and the other bad news the other shoe to drop here is on Friday. We're gonna find out exactly what the unemployment number looks like. Most economists are looking at a nine point 9% unemployment rate down a deal from nine point 8% currently some are looking as high as a 10% unemployment rate. And you know none of these numbers are our real real healthy that being said. The stock market today is up about a 120 points some reason shrugging off all that bad job news so far. The market doesn't agree with the numbers that we're seeing him on main street Wall Street is disagreement mainstream all right Eric Bolling who have taken with the enemy act."