u.s. department of labor currently he's a senior fellow at the center for budget and policy priorities and given our nation's current economic problems he's the man to talk to it's one pleased to welcome in the studio here dr jerry bernstein thank you tom thanks for joining us a pleasure. and first of all just a personal question if i may. many musical prodigies were also mathematical privacies you know it's a great example there's a math the music you started out music how did you end up you know to me. i'm not sure if you know. new music is just a huge part of my life it always has been. it was very drawn to music early on but interestingly i think there is a connection there i always liked math and statistics and ultimately being a musician i think in another wrinkle here is being a musician i felt i wasn't really doing enough on kind of the political economy side of life i was brought up in a household where if you're not part of the solution you're part of the problem and . one gym session too many i decided to probably ought to try to do something else and went into economics and wen

u.s. department of labor last week was a punch in the gut, a sobering reality check. unemployment is now 9.1%, creeping upward again, with only 54,000 jobs created last month. the stimulus spending bill enacted in 2009 was supposed to keep unemployment from rising above 8% and was going to create millions of new private-sector jobs immediately. it didn't happen. i would submit to you tonight that the reason we are continuing to struggle economically is because we've been placing too much trust in government programs and not enough trust in our people. [applause] it's the american people who have always been the real driving force behind our economy. the reality is the bigger the government gets, the smaller the american people get. the more government, means less freedom. less freedom means less growth. less growth means fewer jobs. you know, the first keynote speaker of this annual john ashbrook memorial dinner was a man who understood this well -- lr. nobody understood this better or communicated it more effectively to our nation of the american people understand it

u.s. department of labor issued a dismal report on our economy. not only did our employment rate rise to 9.1%, but the number of americans looking for work increased to 14 million and those who have been jobless for six months climbed. it's clear that the current economic policies are not working in our favor and in fact i suggest they are working against us, creating an environment of uncertainty and hampering job growth in america. when a message coming from washington d.c. is more taxes more regulation and more intrusion in the free-market system, it's no wonder that businesses are not hiring additional workers. americans are looking for leadership to get our economy back on its feet so that they can find a job and provide for their families. in a recent survey, 90% of americans said that the economy is in bad shape and that by a margin of two to one americans said our economy is on the wrong track. i couldn't agree more. changing the course of our economy will require washington, d.c. changing its course. instead of creating barriers to job gro

it's one of 121 youth build programs around the nation that have lost federal funding administered through the u.s. labor department>> the idea of cutting this program to even fewer young people than opening the doors to all of young people who are looking for a way back into a productive role is really bad policy. this program works. we have young people lining up outside the doors. they call at any time harvard of the hood because there's high demand. >> reporter: that demand results from a nurturing environment which eugene couldn't find when she quit high school last year. >> they are like a family. mother and aunts and cousins. >> somebody always to listen to them, respect them to show that they care and we believe in them. we want them to success seed. >> reporter: while politicians search for a way to help troubled kids continue their education, youth build advocates say the government already is funding one. the answer they argue is to expand, not contract youth build to help dropouts turn their lives around. michael chertoff, cnn, brooklyn, new york. >> more than 1.2 million students tropd out of high scho

. >>> money woes at the city level, at the state level and a grim new picture of the economy from the u.s. labor department today for the country. it is sending stocks into a tailspin. here with a look at the numbers is jason brooks with kcbs and cbsmoneywatch.com. jason, good morning -- good afternoon. >> reporter: yes, we have been at it all day looking at this very grim jobs report for the month of may. only a net gain of 54,000 jobs. 83,000 in the private sector. local governments simply were cutting away so that brought the number down to 54,000 compared to average yet to of 220,000 jobs -- an average of 220,000 jobs each of the last three months pushing unemployment to 9.1%. stocks down all day. it could be worse but it was pretty much already factored in. a couple of days ago adp reported that private payrolls were only going to gain a handful of jobs so investors already saw this coming. the dow is lower by 107 points right now. nasdaq down 40. s&p lower by 13. dow is now in shape for its fifth straight losing week as the economy definitely is stalling at this moment. >> what's going on here, jason

u.s. would like to see the leadership toppled i discouraged account has more of the u.s. state department now generously hands out cash and technology to dissidents throughout the world its bureau of democracy human rights and labor has announced the request for proposals on how to fast the change in a number of countries in the middle east and north africa as well this cuba the us claims the best of intentions saying it wants to strengthen independence civil society groups in those countries it's just in really another form of provoking regime change they're just trying to do it under a different guise under a different facade saying that somehow with the best of intentions they're promoting democracy but in reality it's just promoting us agenda among other things the state department is financing the creation of stealth wireless networks that would enable activists to communicate outside the reach of governments in countries like you. iran syria and libya according to criticisms in the projects other programs include a so-called here and out in a suitcase of powerful portable wireless transmitter that activists king used to set up their own networks in order to circumvent state control but at the same time amer

economic growth in the u.s., and fed chairman ben bernanke saying some of the problems plaguing the u.s. economy may be more persist tent than he originally thought. the labor departmentew claims for unemployment and they jumped for the week by 9,000. 429,000 americans filed for unemployment. it was the 11th straight week. we see the futures pointed down this morning. >>> the latest from japanese automaker toyota, they will see increased supplies of hot selling prius hybrids later this summer including the five-passenger prius. a nissan though, they are forecasting a 50% drop in profit through march of next year. >>> americans are growing gloomier about where the country is headed. there's a new poll out by associated press and it suggests that four out of five people now believe the economy is in poor shape. and the public is splait over whether president obama should have a second term. for the first time this year others who want him re-elected have fallen below 50%. 48% want obama re-elected. opinions of the economy are the lowest level amid high gas prices, a lackluster job market and financial turmoil abroad. how's that for a bunch of bad news all rolled into on

it's one of 121 youth build programs around the nation that have lost federal funding administered through the u.s. labor departmentthe idea of cutting this program, to even fewer young people, rather than opening the doors to all of the young people who are looking for a way back into a productive role, is really bad policy. this program works and we have young people lining up outside the doors. they call it the harvard of the hood because there's such a high demand for it. >> reporter: that demand results from a nurturing environment which unique eubanks couldn't find when they quit high school last year. >> they like a family, like the mother, the aunts and cousins and stuff you never had. >> there's always someone to listen to them, respect them, to show them that they care and you believe in them and that you want them to succeed. i think that makes the difference. >> reporter: while politicians search for a way to help troubled kids continue their education, youth build advocates say the government is already funding one. they say the answer is simply to expand, not contract, youth build to help dropouts tur

newest data with lisa lynch, dean of the heller school for social policy and management at brandeis university. she's a former chief economist for the u.s. labor department. and joel naroff, president of naroff economic advisors. he joins us from philadelphia. thank you both for being with us. lisa lynch, to you first. you look at these numbers all the time. what was your reaction for this month? >> well, it was utterly disappointing to see this low number in terms of the number of new jobs added to the economy. i mean, the month of may, the job creation machine really came to a screeching halt. and when you're looking for numbers of 250,000 to 300,000 jobs to be added to the economy a month, to start making a serious dent into the 14 million people that are out of work, a number like today's headline number was very disappointing. >> woodruff: lisa lynch, dig a little deeper into the numbers. what do you see sector by sector? >> so, in today's report, with the exception of what happened in local government, the story was not so much that employers were laying off workers-- although, we saw some decreases in unemployment in the manufacturing sector and t

labor department reported the u.s. added 54,000 jobs last month. that is an anemic number, especially when most xhooiss predicted three times that total. americans have adopted all kinds of plans in these days, including what you might call the pizza plan. eating more pizza during the recession has sent shares of pizza hut up 14% this year. papa john's is up 20% and domino's, up more than 50%. here's papa john berman. >> reporter: as if any proof were needed of pizza's dominance in the world food order, it was shared by none less than sarah palin and donald trump. though john stuart didn't like the way they ate it. >> are you eating it with a fork? oh, [ bleep ] fork? donald trump, why don't you just take that fork and stick it right in new york's eye. >> reporter: for us little people, it's a slice of heaven. a batch of bubbling beauty. really good. but that pizza isn't just a beacon of cheesy goodness. no, it turns out these days, pizza is delivering a taste of economic goodness. there are more than 65,000 pizza parlors in the u.s. with more popping up each day. and last year, americans ordered more than 5.5 billion pies. yes, the slice seems remarkably recession-resis