. >>> a start-up which relies on employing the underemployed. can it survive a good economy? when "press: here" continues. >>> welcome back to "press: here." taskrabbit is an online service which matches people looking for work with people who need a simple chore done. in this case, a guy hired to grab some dog food. it's a cool new san francisco-based start-up with a cool young ceo leah busque, a former ibm engineer turned founder, raised $40 million in funding. recently taskrabbit expanded into taskrabbit for business. you've been on the show before. thank you for coming back. >> thanks for having me back. >> when you were last here, we talked about the poor economy and how you were employing folks in san francisco who maybe were underemployed. things have gotten a lot better. has that caused you problems? you had the carrots, do you have the rabbits any more? >> it's a great question. we were waiting to see what was going to happen. it hasn't affected the rate of the taskrabbit applications at all. actually, i was just looking at the numbers. last week we had over 3,000 ta

business news, researchers say half of americans are underemployed. now we go to bloomberg headquarters in new york to get more. >> good morning. conventional thinking has it earncollege graduates in the labor market, those with only a high school education. listen to this -- a recent the center for college affordability and productivity nearly half of college graduates that do not require a four-year degree. say the problem is that there are not enough jobs that do require four- year college degrees. the data from the bureau of the three that biggest occupational categories these positions that do not require a college education. food preparation as well as office support. jobless americans may be -- paying millions in unnecessary fees to collect unemployment benefits. the national consumer law center this is because state policies are encouraging them to through a bank issued payment card. these cards have fees. more assets of hostess? an update on that. also, the tax return process is slower and longer this year. it is not because of a fiscal cliff

♪ [ singing ] new multiyear highs and happening while 23 million americans are out of work or underemployedercent since 2007, and wayne, you say it shows it is the new normal in america. >> eric, so many people are dependent on the federal government to get mon yethey are used to it and we extended unemployment insurance. there is a more fundmental problem going on and that is educational. the lathe operator now replaced by a machine . the guy who operates that is a guy with computer knowledge. we are not educating our work force to support the kind of tech lodgical economy that we are going through. >> johnathon a new high in the stock market makes us take our eye off of the ball on unemployment. >> i am glad to see the market up, eric. but president obama's recovery is worst in moderp history . i think wayne's point all of the entitlements that we built up. that intervention prolongs the crisis and worsens the crisis. a lot of the countries that have systemic unemployment. france never had that low since the 1980s. bigger government grows and bigger medockity grows. >> if things are so go

my opponent is saying things, but still, we have 21 million people who are underemployed or unemployed. and i've talked about all of the czars and the political gestures made and our forefathers got it right and the congress is suppose today work with the administration hand in hand, we've seen a lot of partisan politics played on both sides of the aisle and what they need to do again is come together and make some real things happen, some real solutions. >> kelly: chris, she makes a very salient point here because there have been noticeable tensions between people on the council which apparently has caused problems with coming together for more public meetings on job creation and can if you recall during the presidential campaign, some ceo's on the president's job council refused to see with them in public during the campaign. what are your concerns about this apparent dysfunctional approach to solving the nation's jobs problems? >> listen, let's be frank about it. in terms of whether it's a jobs council like this or some other kind of version of it, and ceo's advising the president a

no, that includes people who are underemployed, and stopped looking for work.usiness about an hour ago, we said, look, it is a new normal and it's a depressing new normal. still there? >> oh, absolutely. because we know we can do so much better. i think that's the overarching theme of all of this. the market had a move from the lows of four years ago, but the fact of the matter is, the the needle hasn't moved much. when we grasp for straws or green shoots, the automobile market is rebounding. the average car is 11 years old and anyone can get a loan, through the roof, housing market is coming back and most that have is speculators. first time buyers actually have been dipping, you know, spending a narrow range and dipping from month to month. so, you know, where is the traction? and listen, the taking this extraordinary action, 85 billion a month, that tells us the economy is not where it needs to be. certainly, we don't have any pro growth, pro jobs-- >> it's not a solid mentality. >> we're in a bunker mentality businesses and individuals. stuart: i hope you'r

million americans or more unemployed, and more than 22 million folks are either unemployed or underemployed in lower paying jobs and the average unemployed person is out of work forks, are you ready for this? nearly 40 weeks. and there's a good chance that a person gets a pink slip now would not see another real paycheck until october, 2013. the labor participation rate remains unchanged. 53.6% under 64% for the entire year of 2012 and that's the longest stretch since the keep deep reception of the early 1980's. angela mcglowan, analyst, and julie, a former political advisor to senator lautenberg of new jersey join me now. >> great to see you. >> jamie: julie, i want to ask you, the president has been pretty upfront, and you're a democrat, talking about gun control and immigration, and the debt ceiling, which he may and is getting support from other democrats to act on unilaterally. but not a lot of mention in these couple of weeks we've just been through about jobs and folks are, i'm sure you would agree, worried about their futures. what is his jobs plan specifically? >> well, absolutely.

cases letting them stay in jobs where we have 22 million americans who are either unemployed or underemployed. >> reporter: president obama announces his plan tomorrow. cbs reports there is a bipartisan plan in the works in the house, too, but that is no guarantee of eventual victory. many republicans who had principled opposition to a path to citizenship in the past will continue to oppose it. others will look at the politics of changing demographics and decide the future of their party depends on a change in course. derek, it's going to be an interesting spring. >> maybe into the summer as well. thanks, gary. >>> the boy scouts of america could soon drop mare ban against -- their ban against gay members and leaders. it could happen next week. the organization has long been known to restrict membership toletter . >> there's no group we would want to turn away. >> reporter: he's a cub master. he and his wife are teaching their son not to discriminate. >> we said we really want to take a stand against this. >> reporter: that's why back 442 in maryland, 44 cub scouts took a stance against the b

special favors the point is that renegotiation is going to be nigh on impossible we've had a home of underemployed the president of the european council you've had georgia manuel but also you've had a shawl trues the president of the european parliament you've had a good prime minister and the list can go on of all of these people who are saying that britain cannot cherry pick this is an attempt by cameron to kick this issue with the long grass we're talking about a referendum five years down the line and it's all dependent on whether he wins the next general election or not and we know that if you look at the polls today it's showing quite clearly that chemical struggled to win the election so i do think that this is an attempt to kick it into the long grass and quite frankly this man is largely fall on referendums he gave the cast own go out and see that we were out we would have a vote at friends and our members. of lisbon he went back on that referendum pledge show i don't think you can be trusted on this issue. and in his speech david cameron admitted he personally wants reason to stay in the

friends i can't buy enough of anything to make up for the fact that millions of unemployed and underemployed americans can't buy any new cars any clothes or enjoy any meals out wages are a key point to it's no coincidence that the explosion of billionaires in america has corresponded with the flat lining of workers' wages for most of american history workers' wages grew as their productivity grew as was virtually considered a law of economics so much so that at nineteen sixty six time magazine in an article titled the futurists looking toward eighty two thousand predicted a coming leisure society in which workers would benefit from increased productivity as a result of automation and technology and see their wages increase continue to increase despite working fewer and fewer hours because they were being more productive in those hours right around the time of the corporate leaders saw their income tax rates slash dramatically by the reagan administration and began looking overseas for cheaper and cheaper labor a giant gap opened up between productivity at red line going up and workers' wages

friends i can't buy enough of anything to make up for the fact that millions of unemployed and underemployed americans can't buy any new cars any clothes or enjoy any meals out though billionaires have millions of times more wealth than average americans they do not buy millions more groceries shoes or cars simply put the four hundred richest american billionaires don't have the purchasing power of hundreds of millions of working class americans with a solid middle class income that's why it's a lie to call billionaires job creators working people spending money is what creates jobs not rich people whether their billions are sitting in cayman island bank accounts or in the stock of microsoft pays in bad huster and then dismissed the campaign as not serious and radio schick i couldn't tell if he was a really serious or just sort of you know this maybe because like radio she has a radio stick or something like that that i don't know how we tell but i mean you know i sort of thought like you know he's just saying stuff but this looks well perhaps that's wishful thinking on their part imagine if

there are more unemployed or underemployed people in this country today than there were when the presidentirst took office. we've seen a 33% increase in spending on welfare programs. the african-american unemployment rate in this country is double the national average. and nothing that the president is talking about right now seems to be geared toward putting those people back to work. >> i want to put some numbers on the screen right now, it's fox news polling that's new and how the people feel about the president now compared with four years ago. 47% disapprove, compared with 16% four years ago and look at the flip-flop in terms of those who approve there on the screen, and 47-65%, the jobs that you're talking about, maybe point a little to that, but there are other things that you've written about in a column. >> absolutely. look, you have a middle class whose incomes have gone down, you have a lot of folks who were really surprised by the fact that their paycheck had less money in it a couple of weeks ago. we started january, 2013, with the biggest tax increase in 20 years, and we have

underemployed given up employment. so what in the world to see doing?e "chalk alk" tonight we will grade the president, well, some of his first four years of successes and controversial, always compelling conservative author ann coulter says this is not a gun problem. it is a demographic problem. she joins us here next. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. ♪ lou: the president begins his second term, sworn in in a private ceremony sunday, but with a troubling developm

the people underemployed. why in the world would we choose now to give legal status to 11 million illegal aliens so they can more effectively compete against unemployed americans. gerri: marshall, a smack in the eye of organized labor? because here you write a lot to bring in all these new workers. the very people that obama relies on to vote for him. while. i mean, answer that and also go to the cost of bringing in these people because i think chris this point is well taken. >> the reason that the afl and mci you and the entire labor movement is beyond immigration reform is because these workers already here and are working. it in the thing, they're able to be exploited by unscrupulous employers to drive down wages and working conditions making it effective for americans to try to compete on a level playing field. bu took recess point about the cost, he has is exactly backwards. we have shown that if you were to legalize the current pulation, reform the system, we would increase gdp cumulatively by one half t

underemployed given up employment. so what in the world to see doing?e "chalk talk" tonight we will grade the president, well, some of his first four years of successes and controversial, always compelling conservative author ann coulter says this is not a gun problem. it is a demographic problem. she joins us here next. ♪ lou: the president begins his second term, sworn in in a private ceremony sunday, but with a troubling development. consumer confidence at the lowest level in more than a year . americans are worried, and it may be because of a lack of real progress on the economy and on some many fronts. when the president took office, the unemployed rate was just under 8%. i want to show you some of the rather static conditions that we face in the economy. back in 2009. now. in january of 2009 the poverty rate in this country was 15%. 15 percent. today, you guessed it, 15 percent. 32 million people were on food stamps back in 2009. 32 million. today an astonishing 47. forty-seven and a half million people. i still am stunned by that number. back in

underemployed given up employment. so what in the world to see doing?"chalk talk" tonight we will grade the president, well, some of his first four years of successes and controversial, always compelling conservative author ann coulter says this is not a gun problem. it is a demographic problem. she joins us here next. ♪ [ male announcer ] how doou make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ♪ grew up in a small town and when the rain would fall down ♪ ♪ i'd just stare out my window ♪ ♪ dreaming of what could be and if i'd end up happy ♪ ♪ i wou pray i could breakaway ♪ ♪ i'll spread my wings and i'll learn how to fly ♪ i'll do what it takes till i touch the sky ♪ ♪ i gotta take a risk, take a chance, make a change, and break away ♪ ♪ wanna feel the warm breeze, sleep under a palm tree ♪ ♪ feel the rush of the ocean ♪ ♪ get on board a f

underemployed given up employment. so what in the world to see doing?"chalk talk" tonight we will grade the president, well, some of his first four years of successes and controversial, always compelling conservative author ann coulter says this is not a gun problem. it is a demographic problem. she joins us here next. [ male announcer ] now many humana medicare plans come with a little extra help in the kitchen. in a first of its kind partnership with walmart, humana medicare plans now include 5% savings on great for you healthier foods at walmart! it's part of the vitality healthyfood program... and one more way humana medicare can help you choose what's good for your health and your wallet. so you can spend a little less money... and spend a little more time sharing what you know with the people who matter most. humana. ♪ ♪ lou: the president begins his second term, sworn in in a private ceremony sunday, but with a troubling development. consumer confidence at the lowest level in more than a year . americans are worried, and it may be because of a la

underemployed given up employment. so what in the world to see doing? "chalk talk" tonight we will grade the president, well, some of his first four years of successes and controversial, always compelling conservative author ann coulter says this is not a gun problem. it is a demographic problem. she joins us here next. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improv. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance

in december, there are 22.6 million people unemployed or underemployed. the average person is out of work, nearly 40 week, that's almost an entire year. not expected to get a job if you are out of a job now until october. we have a political director under george bush and joe and matt are here. >> good to see you, joe. >> eric: matt, the unemployment needle hasn't moved. the election's over. how come we are not hearing more about this? what do we do? >> you know, having a second terms are tough for presidents. we haven't seen much from president obama that really focuses on the economy or jobs. we have been very reactive to what is happening in the headlines, not atippal for a second president. but it is the soft under belly of the obama presidency. at then of the second sterl, if this chidoesn't turn around and unemploint ployment doesn't come down, the obama agenda will be a failure. they are making a huge mistake, trying to beat up on rich people, businesses and small businesses and raise taxes. the result of the policies, eric, is that unemployment wi

the statistics she writes about where black people are right now when the 21st century we are underemployed, unemployed, more afflicted with aids than other diseases of obesity and diabetes. more of us are incarcerated and get tough sentences for the same crimes. the suns in the black community for me is deafening coming from our generation. we would protest everything. as you said after we got the voting rights and civil rights, we wanted more and 65. why do you think -- >> guest: you can see the difference behind the kind of support king got when he was fighting for civil rights reforms after 1965 the level of support for king if you look at the polls, overwhelming support in the black community, widespread support even among the whites for what he was trying to do. if you look at after 65 when he moved to chicago and when he takes a stand on viet nam and higgins to support garbage workers and poor people in the poor people's campaign which is the first occupied movement he wanted to occupy the national mall even though the occupied campaign in recent years no one put forward something so

it's a that the job market is the worst in more than a decade for new grads. 50% unemployed or underemployed report. my only thought listening to you and the numbers, are we headed for bailout nation? is this a taxpayer bailout? >> it looks bad. if you compare it to the housing market we are talking about a trillion worth of debt versus $6 trillion in the mortgage market. the bigger problem is the macroeconomic impact. are you going to have a generation of people just coming out of school starting out behind the 8 ball and what does that mean for the economy? those are people supposed to have spending power. >> now there is a continuing scandal around a close associate of new jersey senator bob menendez. a late night fbi raid casting a new spotlight on allegations the senator had sex with underaged prostitutes in the dominican republic. the latest is next on "the kudlow report." all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innov

they become unhappy because they're either unemployed or underemployed.eat new job in boulder where you're happy in your career is growing is very slim. melissa: that makes sense. >> mountain biking, a little better. melissa: the best city on your survey was los angeles. i was shocked about that. i'm from l.a. the traffic is terrible. i mean it's, how could los angeles be the best city to find a job? >> in fact if you want to move your show from new york to l.a. we're ready to have you. because it is the best city. melissa: okay. >> but we, come on down. so what we found is that really unemployment is heading down and so even though there is a bit more taxes now in california people feel really happy at work. there is lot of stuff for young professionals to do after work. while they're working they feel empowered. they get to be creative. their salaries are good. it is really a boom time now for l.a.. melissa: all right. heidi, thanks for coming on. good stuff. >> thank you so much. take care. melissa: last night's bcs national championship game was so bo

we have an unemployment report but we have 23 million americans who are underemployed or unemployed andr median wage continues to drop. that's the issue. that's the issue we ought to be tackling. >> brown: robert reich, maya macguineas and douglas holtz-eakin, thank you very much. >> woodruff: five men accused of the brutal gang rape of a university student for hours on a bus in india were charged today. the incident has sparked massive protests. we begin with this report by geraint vincent of "independent television news." >> reporter: the judicial process has begun in delhi but even for the professionals, not moving quickly enough. while lawyers here call for the courts to better protect india's women, the father of one murdered woman whose anonymity must still be protected called for her killers to be put to death. >> ( translated ): laws are made by the government but all i ask is that the laws be as tough as they can be. the death penalty is compulsory for a crime so great, the silence must be hanged. the courts must give these men the death penalty. >> reporter: in a country of mo

that's up 164,000 from the the previous month. 14.4% of americans are either unemployed or underemployedjobs than they want. fox business network, lou dobbs is the host of lou dobbs tonight. nice to see you. the president talks in his inaugural address about immigration, he talks about climate change, he talks about gay rights. he talked not at all about unemployment. he did occasionally mention jobs. are you surprised by the tone of the subject? >> all that he talked about is certainly important to the country, to the american people, but nothing will have greater impact on the principal issue facing the american people about which they are most concerned, than is the economy, the budget deficit, than restoring prosperity. he did not for a moment suggest a tone that would be strong and positive leadership for the next four years, he did not for even a moment. not even just a hesitation layout a plan for the future to restore economic growth above 3%, to bring 23 million unemployed people back to dignity and to work. in that, i don't understand how in the world the man could stand there

we have 23% of the work force either is underemployed, unemployed, stop looking for work, you have aallenge in this country. we need economic growth and jobs. we need a major deal on spending, and we need to turn down the -- >> very quickly on jobs. corporate profits are up. a lost corporations have money. why aren't they spending that money on creating jobs? >> well, they have a very serious question, and i hope you'll do a joe on this. the real cliff that's scaring us now is the regulatory cliff. they don't really know how all this obama health care is going to go. they don't know -- you look at dodd/frank, we've only done 25% of the rules. you look at what's coming out of the epa, you look at what's coming out of the labor department. >> so you -- it's regulation that is holding business back from spending. >> i think if i'm running the big company, i'm waiting to see what happens on taxes, i'm waiting to see what happens on spending and i'm waiting to see what happens on the regulatory circumstances until i decide two fundamental things. am i going to hire more people, am i going

of course, there are still 24 million people out of work or underemployed. i have no idea what that group did. i would love to know. and for the kicker, january jobs numbers come out tomorrow but the predictions are already in. economists forecasting unemployment rate of 7.8%. completely unchanged from that month. no progress. clearly we've got a lot of problems to fix and quick. our money power panel is here to sort through a slew of bad news. scott martin live and in person! chief market strategist at united vicetores. you will see him in a second. he is sitting next to me. so is noell nikpour. sorry about that. i was excited about scott being here. forgive me. >> my fault. melissa: noell nikpour, she is a republican strategist and dan mitchell from the cato institute. can you fix any of those problems? what do you think? >> here is the scary about that study. give me one study that tells you one thing. there is study that tells you something else. that is what studies are for. this is the scary part that is not minutesed. >> don't have insurance, disabili

, the statistics she writes about the work that people have right now in the 21st century were underemployed, unemployed, barfoot did with aids and other diseases of obesity and diabetes. tucker said this for the same kinds, yet we have a president. and i'm thinking the black community for me is deafening for my generation. with protest everything. and we wanted more after we got the voting rights and civil rights, we wanted more than 65. why do you black community -- >> you can see the difference between the support team got when he was fighting first of the race before. so if you're in 1865, the level of support if you look at the polls, overwhelming support, widespread support even among whites for that he was trained to do. if you look at after 65, when he missed to chicagoan takes takes a stand on vietnam, when he begins to support garbage workers and poor people, the poor people's campaign which was the first occupied this man. he wanted to bring people to occupy the national mall. even during the occupy campaign in recent years, no one prefers something so radical is coming and stayin