Most Shared

WEAR - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Job report worst in past three years

The unemployment rate has fallen to 6.7 % -- the lowest in five years -- but that drop isn't necessarily a good thing.
   
The recently released *jobs report was the worst in nearly *three years.
And only 74,000 jobs were added last month.
   
It's the number the White House wanted but not the way they wanted it.
The nation's unemployment rate dropping below 7 percent for the first time since President Obama was elected more than five years ago.

But economists say the dip is due in part to more Americans giving up looking for work.
Today's jobs report was the worst in nearly three years-- just 74,000 jobs created.

Now we're back to this really frustrating situation where the economy does seem to be picking up some momentum, but it's not leading to a lot of job creation.

That, some say, doesn't help the White House argument that the economic is recovering slowly but steadily.   Though it does help the administration's push to extend long term unemployment benefits. 

There is no question that the biggest short-term economic challenge we face in our country is the long-term unemployed. And we're making progress. That long-term unemployment rate is coming down, but it's still higher than any point it was ever recorded prior to the great recession. That's exactly why the president is fighting so hard to extend those unemployment insurance benefits.

Those benefits expired at the beginning of the month
A deal in congress to keep checks coming appeared imminent this week until negotiations devolved into partisan bickering leaving people who have been unemployed six months or more without benefits.

We have more work to do. We need to get that unemployment insurance to families that need it.