in between fireworks on the fourth and a long weekend for most americans, the bureau of labor statistics jobs report for june will sneak its way into the holiday this friday. our cover story finds a lot of people expecting all the excitement of a single sparkler, if that much. there are still plenty of people out of work. "i'm a factory worker. i've worked in factories all my life. i'm from ohio." - are you concerned that when you graduate, there may not be a job? "yes, that's why i'm majoring in computer science. it's always needed." so it's no surpise that many are anticipating the june jobs report that comes out friday, two weeks after fed chairmen ben bernanke hinted that if the jobs picture improves, government stimulus known as qe- 3 may be scaled back. "they still see their target at 6%. there are indications that we're getting closer to that point." "given what chairman bernanke said a few weeks ago, people will be watching this closely." the manufacturing sector reported more activity in june. consumer spending is up on long-lasting factory goods. "it means people are buying car

charles dickens because it was hugh the best records or the worst of reports according to the bureau of labor statistics we gained one hundred ninety five thousand jobs in june beating expectations but isidro hedge notes most of the gains were from low quality part time jobs so what about full time jobs us two hundred forty thousand of them or last vaporised and there's one more number in the report and this one is even more important because i .

prose dickens because it was hugh the best records or the worst of reports according to the bureau of labor statistics we gained one hundred ninety five thousand jobs in june beating expectations but isidro hedge notes most of the gains were from low quality part time jobs so what about full time jobs us two hundred forty thousand of them were lost vaporized and there's one more number in the report and this one is even more important because that's the one the fed is using to judge when it will wind down its money printing quantitative easing program and this statistic of the unemployment rate remain the same at seven point six percent the fed wants to see it head down to six point five percent of angele and that's why the markets are so schizo frantic lately because they're addicted to uncle benny's eighty five million dollars eighty five billion dollars monthly liquidity injections we're going to talk about all of this with austin peterson in the bed and also dig into the fine print of fed audits with perry and boring meanwhile. in europe are two central bankers there mario draghi at the e.c.b. and

the bureau of labor statistics just releasing the latest employment numbers showing unemployment in then jose area around 6.6%. that's far better than the 8.4% we were looking a this the time last year. san francisco doing even better, 6.2%. looking around at some of the other cities, modesto, 15% joblessness. that's been the central valley story for a while now. some real outliers, tuscaloosa, alabama, doing well. iowa city, iowa. many cities in utah with incredibly low unemployment, down in the 3%. 3%, that's crazy numbers. economists call 4 or 5% full employment. 3% is actually a problem. it's that low that people will move from job to job because companies are fighting for employees, driving up wages. that sounds good but up go home price, inflation becomes a serious issue as well. >>> other news, jeep has been named america's most patriotic brand by brand keys, beating out coca-cola and even harley davidson. ironically, jeep is an italian company. chrysler is owned by fiat. jeeps, of course, got their start in the second world war. the story is the army called the cars general purp

bureau of labor statistics hard to believe sixty five percent of all the farm assistants were women last june graduates sixty two percent auditor's an accounting forty one percent m.b.a. or as women forty three percent all the law graduates women forty seven percent medical women women entrepreneurs multiplying two three four times faster than men and according the carlson bogglingly this is the world's largest travel agency for women business travelers will equal their male counterparts within the next three years and more women owners employ more people than all the fortune five hundred companies combined more and as of three three years ago there are more women business owners than male business owners women have a little bit more of a passion and i've raised a lot of money larry kind of proud that maybe one hundred million dollars in st paul and minneapolis over my career i never ever took an assignment without taking a woman as my co-chair are you saying the field is now level. no no the glass ceiling is still there ok but it gets but it gets closer and closer you know it's equal an

bureau of labor statistics hard to believe sixty five percent of all the pharmacy students were women last june graduates sixty two percent auditor's an accounting forty one percent m.b.a. or as women forty three percent all the law graduates women forty seven percent medical women women entrepreneurs multiplying two three four times faster than men and according the carlson bogen lee this is the world's largest travel agency for women business travelers will equal their male counterparts within the next three years and more women owners employ more people than all the fortune five hundred companies combined more and as of three three years ago there are more women business owners than male business owners women have a little bit more of a passion and i've raised a lot of money larry kind of proud that maybe one hundred million dollars in st paul in minneapolis over my career i never ever took an assignment without taking a woman as my co-chair are you saying the field is now level. no no the glass ceiling is still there ok but it gets but it gets closer and closer you know it's equal

charles dickens because it was to the best records or the worst of reports according to the bureau of labor statistics we gained one hundred ninety five thousand jobs in june beating expectations but it's zero hedge notes most of the gains were from low quality part time jobs so what about full time jobs to us two hundred forty thousand of them or last vaporized and there's one more number in the report and this one is even more important because that's the one the fed is using to judge when it will wind down its money printing quantitative easing program and this statistic of the unemployment rate remain the same at seven point six percent the fed wants to see it head down to six point five .

and let's break that down really quickly according the bureau of labor statistics that should be ten dollars and fifty six today considering for inflation but then elizabeth warren has even come out and said that if you count for productivity it should be twenty two dollars an hour i mean how what's the disconnect here when right now we're talking about a seven dollars twenty five cents minimum wage. well there are two things going on here and i think that the pointing out. you have been productivity. perhaps one that is more important. and also harder for people to understand so let's just start with inflation. the federal government revises. the minimum wage every so often in order to allow for the effects of inflation eroding the buying power of minimum wage. three times in the last three decades so there's always this delay falling behind the effects of inflation so that people are deeper and deeper into poverty and then they make revisions so this current revision being proposed by democrats itself is inadequate because it would take three. stages implementation of increases in

and let's break down really quickly according the bureau of labor statistics that should be ten dollars and fifty six today considering for inflation but that elizabeth warren has even come out and said that if you count for productivity it should be twenty two dollars an hour i mean how what's the disconnect here when right now we're talking about a seven dollars twenty five cents minimum wage. well there are two things going on here and i think that the pointing out the. you have been productivity. perhaps one that is more important. and also harder for people to understand so let's just start with inflation. the federal government revises. the minimum wage every so often in order to. allow for the effects of inflation eroding the buying power of minimum wage. three times in the last three decades so there's always this delay falling behind the effects of inflation so that people are deeper and deeper into poverty and then they make revisions so this current revision being proposed by democrats itself is inadequate because it would take three. stages implementation of increases in ord

dickens because it was either the best records or the worst of reports according to the bureau of labor statistics we gained one hundred ninety five thousand jobs in june beating expectations but it's zero hedge notes most of the gains were from low quality part time jobs so what about full time jobs us two hundred forty thousand of them were lost vaporized and there's one more number in the report and this one is even more important because that's the one the fed is using to judge when it will wind down its money printing quantitative easing program and this statistic the unemployment rate remained the same at seven point six percent the fed wants to see it head down to six point five percent of eventually and that's why the markets are so schizo phrenic lately because they're addicted to uncle benny's eighty five million dollars eighty five billion dollars monthly liquidity injections we're going to talk about all of this with austin peterson in the bed and also dig into the fine print of that audit with perry and boring meanwhile in europe are two central bankers there mario draghi at the e.c.b

what we're seeing is a conversion of the economy from what was traditionally a middle and high wage economy to a low wage one recent statistics from the bureau of labor statistics showed that most of the jobs i believe it was something like sixty percent of the jobs that have been lost in this depression are recession whatever you want to call it have been not regained and instead have been replaced by low wage jobs that more than two thirds of the jobs that are being added are low wage jobs and this conversion of the economy and particularly the wages of workers in the united states this is really underpinning many of these economic problems that we're seeing so in answer to the question mcdonald ization i think gets the point across we are moving to a low wage economy and this is of course tremendously devastating austin weigh in do you agree or disagree with the new york. of. a low wage or a low wage economy is much better than a no wage economy and what happens is when you're trying to raise the minimum wage across the board you're hurting the people who are unemployed who are unskilled who are unable to get jobs when you raise a minimum wage wha

the bureau of labor statistics says asserted that this year economy is right to free of economy will generate new jobs. we estimate that all of the colleges and universities in the country put together and produce this year only foreigners semaphore of this agreement that -- it we are how addresses the green card shortage. it creates a new green card category for a balanced stender raise. all things that are needed. the oliveuite likely -- companies that with changes to ensure that american workers are protected car raises aids law. employees can switch employers. it addresses a number of other issues and even though we have lingering questions about potential language and potential of unintended consequences, we recognize the compromises needed all around arab to be able to work with this committee and staff as you go through the details. there is the third thing this bill does. of lectionary importance. prius and national stem allocation fund. -- we have systematically under invested as a country in the education of our own children. consider this. there are over 42,000 has schools

a new report by the bureau of labor statistics show that the average wage in san francisco grew by nearly is likely due to menlo park based facebook, where the average weekly wage more than doubled rising 107% in the fourth quarter of last year. also making the top five a >> new pictures are out of the boston bomb suspect tsarnaev. the pictures are in response to a controverts rolling stone magazine cover. the photos were captured by sergeant sean murphy in the moments before he was taken into custody back in april. they show him bloodied and injured. in one, you can see the laser pointer from the snipers and at his forehead. boston magazine posted the photos online. sergeant murphy costa rolling stone cover an insult to the survivors of the bombing. he says that the new photos reveal " the real boston bomber " >> a new york judge has decided that the world trade center honors cannot demand more insurance money. the trial was held to decide whether the owners of the world trade center complex can collect more. lawyers for the airlines argued the claims against them are duplicate claims an

you b but looking at some of these figures from the bureau of labor statistics, 13% of black men whoars and over are unemployed. that's almost twice as much as white men who are unemployed. black median income is $33,000 a year. white median income, $55,000 a year. total black population 13%, total prison population, 737%. so what do you see with those numbers? >> one thing you said is look at the prison population. that is another factor. this is just recent history, but this is connected to the longer history. but recent history is basically a war on black and brown men with low level drug crimes. it fed mass incarceration of many black and brown men. if you look at the ripple effects, you're taking them out of families. you're taking them out of the educational process. you're creating more men who women view as not marriable men. so even when you look at high rates of i will legitimacy in the black community, you can't disconnect that fact from many other facts. >> i agree with charles when he talks about the federal mandatory minimums for drug possession disproportionately affec

all he has to do is look at the chamber survey or look at the bureau of labor statistics which shows this year, the number of new hires that are full time versus part time, part time are being hired by ratio of three to one. i know jay carney is bids. he needs to get somebody on his staff to look at the numbers that is in the bls report. he is totally either in denial or they are not looking at the real facts. >> eric: why do you think they decided to try to delay the employer mandate portion of obamacare? >> i think they decided to delay it for two reasons. number one, they didn't have all the implementation steps and implementation structures, the written and ready to roll out like they had hoped to. that is number one. they simply weren't ready. then they weren't ready to track the results if in fact somebody didn't comply. the second reason i believe is that even feedback from some of the democrats will quietly say we have real problems here. here is one example. the senator from minnesota was even talking about the impact of the medical device tax on medical device companies. why

a new report by the bureau of labor statistics show that the average wage in san francisco bay area grew by nearly 25% between december 2011 and december 2012. more than any other area in the country. that is likely due to menlo park based facebook, where the average weekly wage more than doubled rising 107% in the fourth quarter of last than doubled rising 107% in the fourth quarter of last year. looklo at alt lllll llat yummy. two buo ild your own o chickhi w wi a side ofe hipshi than doubled rising 107% in the fourth quarter of last year. how hodo you y put a pra e one hat? oh, fo, ur dollars?! i gui ess ths ''how. builbud youryo own cwncken wra just $4 $on den dny'' $4$6$8 val v men m®. beach, florida. >> we will be right back. >> welcome back the time is 5:40 a.m.. san francisco has seen a rise in bicycle thefts as more people choose that as a mode of transportation. a new report found that bike thefts are up 70% since 2006 with 817 reported deaths last year. the son of and the tenderloin district have the highest number followed by the mission district. police have recovered 864 by

. >>> normally, we get the state unemployment numbers today, but someone over at the bureau of labor statisticsted the data to the internet early. no word if they, too, will be unemployed. >>> the other thing to know, san francisco city and county continues to rally. some of the fastest job growth they've seen in years, while the south bay continues to lag a bit behind. >>> a rare miss for that man there on the right. sebastian tlung, inventing udacity. this was taken last year. the university says so many kids failed those online classes, the school's going to suspend the project. the deal came after the state university system noticed many incoming freshmen were so unprepared for college, they needed remedial classes. those got so full, they made the online deal. the fellow behind it, by the way, invented google street view and google driverless cars. >>> here's an interesting convention. computer-controlled rifle scopes, you may have read about these, they let anyone with any no shooting experience hit a target at 1,000 yards. by the way, the ceo of texas-based company seen there using the r

the last guy was our nominee to be head of the bureau of labor statistics, and he was a statistician'statisticians stat. and arthur burns who was very close to president nixon was some what he wanted and i wanted, so i thought finally, we've got a republican. so the same guy asked them the question committee stands there like a cow chewing his cud, and then he finally says, well, i guess you'd have to say i'm an independent. anyway, i get back to my hotel room and the phone is ringing off the hook. and all the republicans on the senate labor committee are saying, didn't you know there was an election? so one. i said look, i cleared these names with the white house and the clinton with a ranking republican, but anyway, i will give them credit because all my guys did a terrific. they were confident people. and even some of the people who objected called me and said, you know, we like your guys. and jim hudson succeeded me as second of labor when i moved. he later became our ambassador to japan. earning weber became the first -- he was a brilliant president of northwestern university, and so on. so i

the bureau of labor statistics released interesting data this week. the average pay, the average pay in san mateo county is $168,000 a year. this, thanks to payout on facebook stock options which increased pay in the county by $107% last year. in a distance second place the borough of man hatten in new york city. now, not everybody in san mateo county works for facebook. but point out san mateo county share river's deputies highest paid in northern california. contract says they always have to make 1% more than any other sheriff's department,o matter what. >>> that same bls report showed unemployment in the south bay dipped to 6.6%, better than the 8.4% looking at last year. san francisco doing even better, 6.2%. looking around the maps, modesto, 15% joblessness. that's been the central valley story for a while now. outliers, tuscaloosa, alabama, doing well. iowa city, iowa and many cities in utah incredibly low unemployment down in 3%. nationwide jobless numbers friday. let's collect in with siema. good morning. >> good morning to you. futures lower

>> the inflation statistics are calculated by the bureau of labor statistics which is made up of highly qualified professionals and there is no partisan influence and their efforts are always try to make the inflation numbers better and make them more accurate and that is my extent of what is happening there in terms of changes. there was a bipartisan commission on inflation measurements which includes this was overstated and not understated for inflation. so this is a distinction between prices seem high and prices being rising. it is true that all of these prices, wages are not going up much. >> that is right. it is high and it is not going up. in other words this is part of the wages are going down because even though it's very low, it has been growing slower. >> discretionary income has increased. >> that is true. that is not an issue of inflation, that is an issue of living standards and it has to do with the productivity of the economy and the distribution of income. so i guess i would respectfully disagree doing as good a job as we can and if you look at light up prices, again, i

they were just released by the bureau of labor statistics. total nonfarm payroll employment increased by 195,000 in june, and the unemployment rate was unchanged at 7.6%. according to that report released today, employment rose in leisure and hospitality, professional and business services. retail, trade, healthcare and financial activities. that report just released. the number of of unemployed persons at 11.8 million. theext, a discussion about impact of early education on national security. and later, our weekly america by the number segment will look at how travel and tourism impacted the u.s. economy. we will be right back. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> they thought coming less -- west they would leave behind the racism. the sun did shine a little more benignly, but 5 -- some of them saying it was even a more cruel kind of racism. a smile on the face but a dagger behind the back, is how they describe the california. they were not allowed to live in any

a new report by the bureau of labor statistics show that the average wage in sampras's go has grown nearlyre than any other area in the country. this is likely due to the menlo park business facebook. they doubled their wages on hundred and 7% in the fourth quarter last year. also making the tough five areas says utah, wisconsin, texas, and florida. >> the new photos are all of the boston bomb suspect tsarnaev. the pictures are in response to a controversy or rolling stone magazine cover. the photos were captured by sergeant shaun murphy in the moments before he was taken into custody in april. they showed him a bloody and injured. in one, you can see the laser that is pointed by snipers and his forehead. sergeant murphy calls of the rolling stone cover an insult to the survivors of the april 15th bombing. he says of the new photos reveal " the real boss embalmer. " every and boston e r >> every year, and thousands flocked to san diego for the annual comic-con. it is a celebration of everything pop culture, tech guide bridge demuro is there to explain how you can get in on the fun. >> we s

the bureau of labor statistics published the labour participation rate. we know the percentage of people in the workforce is lowest it has been for 40 years. that is a tragedy. had it all locked and we are experiencing the weakest economic recovery and the longest period of high unemployment since the great depression in the 1930s. by the president's own standards, his economic record has been a huge disappointment. his repetitive pivot stevie economy time and time again particular leak when his administration is having to answer a lot of hard questions about various scandals. with john boehner i say welcome, mr. president, let's talk about the economy, let's talk about what works and those not work and we know what does not work which is another government program that raises taxes and create uncertainty on the part of job creators to put people back to work. as washington post correspondent noted last week the president promised 1 million new manufacturing jobs by the end of 2016 but factory unemployment has fallen last four months to only 13,000 jobs to

a computer scientist in silicon valley, the median income at the last bureau of labor statistics survey, was about $133,000 a year. for the survey, it was $86,000 a year. so you can see that we need to reform that program. we have worked hard to do that. you have got good people not undercutting the american workforce. we have had buy-in from the technology companies. there are some bad actors in the field, but they are not the companies we are talking to. the other thing that we were pursuing is a proposal that microsoft made in a white paper last year, which is to add a feed to the applications, and use the proceeds to help american students go into stem fields, to help for scholarships. college is expensive. if we help students go into engineering and colleges, that would be a good thing for america. that is not a fight with the industry, it is a reform package that we have worked on very hard. i think it is really a very good work product that we put together. >> i want to encourage everyone come if you have questions, to please step to the microphones. i will call on you, alternate

the bureau of labor statistics says asserted that this year economy is right to free of young -- economy will generate new jobs. we estimate that all of the colleges and universities in the country put together and produce this year only foreigners semaphore of this is why we are how -- it addresses the green card shortage. it creates a new green card category for a balanced stender raise. all things that are needed. the bill quite likely the olive hyde -- companies that with changes to ensure that american workers are protected car raises the aids law. protected. employees can switch employers. it addresses a number of other issues and even though we have lingering questions about potential language and potential of unintended consequences, we recognize the compromises needed all around arab to be able to work with this committee and staff as you go through the details. there is the third thing this bill does. that is of lectionary importance. -- extraordinary importance. prius and national stem allocation fund. the reason we have such a shortage of high skilled labor is wheat under inv

the bureau of labor and statistics says average pay for san mateo county residents jumped 107% last year at the same moment facebook employees starting cashing out stock options. obvious le not everyone in san mateo works for facebook. but point out san mateo county sheriff's deputies are the highest paid in northern california. contract says they always have to make 1% more than any other share river's department in the bay area, no matter what. now that same bls report took i look at unemployment around the bay area. unemployment in san jose under 7%. san francisco better, 6.2%. that number counts oakland to fremont as well. elsewhere, modesto, 15% joblessness. talk about how well we're doing. tus ka loose, alabama, better than the bay area. iowa city, iowa, and many cities in utah with incredibly low unemployment, down in the 3%. those are crazy numbers. economists call four or five percent full unemployment, 3% a problem. it's too low. that low people move from job to job because companies fight for employees and that drives up wages. that sounds good but up go home prices, inflation

who are employed in the united states economy according to the june, last month, of 2013, bureau of labor statistics. if you look at these numbers, you bring in 44 million people of course america's gross national product and gross domestic product are going to increase. but the misleading part of it is this -- that does not necessarily translate into a higher standard of living for americans and foreigners who are lawfully in america. and let me explain. the key is not total g.n.p. or g.d.p. for our country. the key is total g.n.p. and g.d.p. per capita. if our gross domestic product go ups a little bit but the population goes up a great amount, then we individually, american families individually, are now living under lower economic conditions. stated differently, our standard of living has declined. in that veen, rather than -- in that veen, rather than just making -- in that vein, rather than just making an argument, i want to share some data that put tresses that argument. the congressional budget office, which in my opinion has been rather kind to the senate gang of eight, issued a report of t

the bureau of labor statistics has estimated that this year the economy is going to create over 120,000 jobs, new jobs, that will require a bachelor's degree in computer science. and yet we estimate that all of the colleges and universities in the country put together will produce this year only 51,474 of these degrees. that is why high-skilled immigration and this legislation is of such great importance. the bill you're considering does three very important things. first, it addresses the green card shortage. it eliminates or goes very far to reduce the backlog. it eliminates the per-country cap. and it creates a new green card category for advanced degrees, all things that are needed. second, in the h-1-b area, the bill quite rightly, i believe, has improvements in the number of h-1-b's that are available, but accompanies this with changes to ensure that american workers are protected. it raises the wage floor for h-1-b employees. it improves portability so h-1-b employees can switch employers. it addresses a number of other issues, and even though we have some lingering questions abo

the last one was our nominee to be the head of the bureau of labor statistics and he was a statistician. arthur burns who's very close to president nixon i finally we've got a republican. the same day i asked him the question and he stands there like a cow chewing and he said i guess you'd have to say that i'm an independent. anyway, i get to my hotel room, the phone is ringing off the hook and the republicans on the senate labor committee are saying don't you know there was an election? i said look like we're these names in the white house and with a ranking republican jacob javits. he was in their favorite republican. but anyway, to give him credit because of the guys did a terrific. they were confident people. and even some of the people who objected called me and said we like your guide to read jim hudson succeeded me as the secretive labor and a leader in japan. weber was irreparably and present at northwestern university and so on. so, if i had ruled all of these people out because they were registered democrats, i would have had the confidence to and i'm not saying -- i should ha

i don't know whether you're the bureau of labor statistics show the average salary or income of theseey middle class upper middle class? >> this month, this was actually a very good sign. we saw a real weekly earnings, weekly earnings go up for the first time in awhile. 10 cents in june up 50 cents over the course of the last year. again, nothing to pop a champagne cork about. you couldn't afford champagne on that. a money but it is more money in worker's pockets. that's a very good sign because that helps our economy to grow. 70% of the economy is built on consumer spending so if workers have more money their families do better. but their local small businesses also do better and that helps the economy overall. >> bill: what's it all mean? secretary of labor here in studio with us. your questions your comments welcome at 1-866-55-press. what -- you know, we were talking earlier about this with jim tankersley from "the washington post." just our conversation on jobs and how we stimulate the economy to create more jobs is a conversation that you don't hear a lot about in washington the

well, the bureau of labor statistics publishes something they call the labor participation rate. and we know the percentage of people in the workforce is the lowest it's been for more than 30 years. that's a tragedy. add it all up, and we've been experiencing the weakest economic recovery in the longest period of high unemployment since the great depression in the 1930's. even by the president's own measuring stick, by his own standards, his economic record has been a huge disappointment. hence, his repetitive pivots to the economy time and time again, particularly at a time when his administration is having to answer a lot of hard questions about various scandals. but i'm with speaker boehner. i say welcome, mr. president, let's talk about the economy. let's talk about what works and what does not work. and i think we know now what does not work, which is another government program that raises taxes, increases regulations and creates uncertainty on the job creators that we are depending upon to put america back to work. as a "washington post" correspondent noted this last week th

the bureau of labor statistics has a ranking of how they -- they rate the number of people actually looking for work. tts called the labor -- it is called the labor participation rate. it is on their web site. we have the fewest number of americans actually in the workforce that we've had in the last 30 years. and we didn't get many of the benefits that were promised when obamacare was passed, and at a time when we were essentially told we're from the government, trust us, it'll all turn out okay. one of the most important numbers in the recent job report is the number 8.2 million. that's the number of americans who are now working part-time instead of full-time, because the full-time jobs are simply not available. in other words, there are 8.2 million workers who are working part-time even though they want a full-time job, because they can't find one. just to give you some perspective, in march the number was 7.6 million, so between may and june we've seen that number increase by 300,000. 300,000 less americans able to find full-time work so they had to accept part-time work. and i know it

october of 2009 and remained above 8% for the next 43 consecutive months according to the bureau of labor statistics. but president obama's spending binbinge was just getting start. the budget deficit in 2009 was $1.413 trillion. in 2010, it was $1.294 trillion. in 2011, another $1.3 trillion. 2012, $1.087 trillion. not billion, trillion. and although the 2013 deficit we're in now is projected to dip below $1 trillion, it will still be $183 billion higher than any pre-obama deficit. mr. president, looking at the big picture, the national public debt now stands at just under $17 trillion, an increase of 60% under president obama. what has been the result of this spending spree, mr. president? taxpayers got more debt, but job seekers didn't get work. compounding our fiscal difficulties, social security and medicare remain on unstable, long-term footing. these programs alone already account for 38% of federal spending, but over the next 25 years, the congressional budget office projects that their share -- that social security and medicare -- of g.d.p. could increase by 40%. according to the trustees o

the bureau of labor statistics has estimated this year the economy is going to create over 120,000 jobs, that will require a bachelors degree in computer science. of theestimate that all colleges and universities in the country put together will produce this year only 51,474 of these degrees. that is why high skilled immigration and this legislation is of such great importance are you -- importance. this bill, first it addresses the green card shortage. big eliminates the per country cap, you create a new green card category for advanced degrees, all things needed. area, the the h1b bill quite rightly, i believe, has improvements in the number but1b's available, companies with changes to ensure american workers are protect it. bt raises the wage floor for h1 employees, improves portability so those employees can switch employers. it addresses a number of other issues. even though we have lingering questions, we recognize compromise is needed all around and we hope to build to work with this committee and its staff as you go through the details. there is a third thing this bill does that

and federal government employees was down 5,000, and a note from the bureau of labor statistics, federal government jobs have dropped $65,000 over the paths three months, perhaps because of the is he vester? >> indeed. one of the issues being debated is how hard the sequester would hit. of course, if we had lessons about what happened, and the economy didn't really fall off a cliff, but you could argue it would be doing a lot better. so it's an unusual drag. generally the company is stimulating rather than contracting from the economy. so it is a jag. >> on the other side, does that make it tougher for the administration to argue for ending the sequester if the jobs picture is improving elsewhere? caller: i think it does. i think they've painted themselves into a corner by pitching the sequester before it happened and sort of a cass mitt mick event. that leaves him open to the charges to cry again and nothing happened. you could arg you're if the basic -- basic the economy just remains short of its potential, and we could just get you've that he will if we had to. >> quick economy before

of americans work full time. is that the new normal for america's job market? fox business network's charles payne joins us now. as it turns out, this latest statistic from the bureau of laborcreated equally. >> and certainly not jobs in 200,000 private sector jobs, low-paying jobs that don't move the economic needle but probably more disturbing and to your point, full-time employment, people working full-time for economic reasons, there are a handful of people who want to work part time. part-time workers for economic reasons, 320,000, that is a gigantic spike up. that's huge. >>steve: we've got a graphic that shows full time versus parts time. this was for one month. part-time jobs went up 360,000 jobs, but we lost close to a quarter of a million full-time jobs. everybody wants a full-time job. >> there's no full-time jobs in this economy is what some say. part of that goes back to the decision of obamacare where it says this employer mandate we'll push it off for a year. employers have already put this into work. late last year the c.e.o. of darton group said we're going to have to move people from full time to part time because your definition of full time is hour. this