underemployed. thank you for calling.am calling into basically back up the lady who talks about the numbers not being reported. i do not pretend to be up on the statistics because every time we turn on the news there is something different. i am out in the streets dealing with real people. to it outxpect them and meet and shake cans of everyone, but in reality, i am out here in seeing thousands of people overwhelming food banks, and i am pretty sure not all those people are out trying to get handouts. the media is not reporting the truth. what we're is talking about right now. 6.1 looks good but there are a lot of numbers under him -- that are not reported. these are things he is seeing. i think that is the dichotomy we are looking at right now. what exactly is underemployment? guest: looking for full-time work but not working full time. the cut off his 37 hours. if you are working 34 hours and wonderful time job, your underemployed. from next caller is james texas. you have a job and are on they are. air.r-- on the calle

why is anybody underemployed? what is the cause of that unemployment from happiness? >> oftentimes it is based in the fact that they may jump into the first job available because they feel the need to find some employment, and may have found a job that does not fit their skills or interests or aptitudes. we want to make sure they know that the utility of the job centers and counselors that are there to actually do skilled assessments with them, figure out where training gaps are, make sure they get the guidance they need to find jobs that will help them be happily employed with meaningful work. >> do they have a higher unemployment rate of veterans returning than we have in the general population? >> the aggregate veterans unemployment rate has been below the national unemployment rate almost continuously for the last three years. you have to keep in mind that the veteran population is older than the average demographic in america. 65% of veterans in america are over the age of 45. unemployment tends to decrease as age increases. the post-9/11 vets do have a higher un

why is anybody underemployed? what is the cause of that unemployment from happiness? oftentimes it is based in the fact that they may jump into the first job available because they feel the need to find some and may have found a job that does not fit their skills or interests or aptitudes. knownt to make sure they that the utility of the job centers and counselors that are there to actually do skilled assessments with them, figure out where training gaps are, make sure they get the guidance they need to find jobs that will help them be happily employed with meaningful work. >> do they have a higher unemployment rate of veterans returning than we have in the general population? the aggregate veterans unemployment rate has been below the national unemployment rate almost continuously for the last three years. you have to keep in mind that olderteran population is than the average demographic in america. 65% of veterans in america are over the age of 45. unemployment tends to decrease as age increases. vets do have a higher unemployment rate, but it is closing on the nat

what are the obstacles -- and why is anybody underemployed? what is the cause of that unemployment unhappiness? >> well, i suppose in many cases it's as unique as the individual, but often times i suspect it is based in the fact that may may jump -- they may jump into the first job that's available because they feel the need to find some employment. and then may have found a job that doesn't fit their skills, doesn't fit their interest be, momentum fit their aptitude. so we want to make sure that they know that the utility of the job centers and the counselors that are there to actually do skills assessment for them, figure out where the training gaps are, make sure they get the kind of guidance they need to find jobs that will, in fact, help them be happily employed with meaningful work. >> do we have a higher unemployment rate, and i expect we do, of veterans returning than we have in the general population? the general population is probably -- >> i think -- >> -- could be about the same. >> so i would point to a couple of statistics. first

reporter: the lowest is those with college degrees but many like elizabeth thompson still feels underemployeda journalism major earns about $28,000 a year. >> the main thing i always worry is that i'm not going to ever be able to make a solid living. that's probably my biggest worry. >> reporter: a study by the new york fed found that 40% of recent graduates can't find jobs that fit their education level. >> you've got to work really hard because you're not to be graduate and say well, i have a bachelor's, so give me that job, because that's not how it works. >> the wages have raised 2% over the past year about the rate of inflation and weekly wages have actually fallen in the past two months. anthony mason, cbs news, new york. >>> now, to the immigration debate. president obama will preside over a july 4th citizenship ceremony for 25 members of the armed forces this morning. at a hearing yesterday, texas governor rick perry called the situation at the us border a humanitarian crisis. more than 52,000 unaccompanied children have crossed the u.s. border since october. at one point perry got in

we have a huge number of people underemployed or unemployed and it's not getting better and people know it out there. they sense it in terms of the lives their leading, the problems they're having in terms of jobs, and they know the economy is weak and of course hold the democrats responsible. >> we had minus 3% growth the 1st quarter. you've got people sort of a malaise on the economy. secondly, you've got the scandals breaking, the irs and the va and the obamacare issue of confidence, you've got the preside's polls are sinking like a stone and especially in foreign policy and it looks like this mess in iraq and syria is going to get worse. what does a democrat -- why would h go to the polls and say i only want to go out and vote except to say i don't want to republicans to get control of senate and that's not good enough. >> not wanting republicans is big in the minds of a lot of democrats. the way the senate race in mississippi was settled has a lot of conservative republicans angry. sarah palin talking about a third party. you've got the popularity of republicans and tea party kind

>> it's unlikely because the disabled are the most unemployed and the most underemployed of any populationter: dmv, which issues the placards, and the san francisco d.a. claim they are cracking down on illegal use. this week, three people were busted and accused of fraudulently applying and getting a disabled placard. >> this is to our knowledge the

the people who are looking at him leaning on government for help are the underemployed and unemployed. i think they will be a different segment than the college graduate. are out on monster.com every single day just looking for jobs. those people are coming to government for unemployment insurance or unemployment benefits. at least in our experience, so far. maybe that is different. if you look at the less skilled and less educated, they absolutely are relying on government. thehave to talk about segments of the population -- we should have been more specific about who they still rely on in government. point taken on that. on businesses not relying on government, i would tell you the same thing. there are a lot of businesses that will meet with government. , i have 60%rant turnover in my bar or restaurant, i am not going to government to ask for help in terms of developing new skills. that is just not going to happen. i will continue to go out and use any resource i can to replenish that talent when i need it. so, i think businesses have started a dialogue. i think the larger business

lowest among workers with college degrees but many like 28-year-old elizabeth thompson still feel underemployed. a journalism major, she earns about $28,000 a year as an editorial assistant at staten island parent magazine. >> the main thing is that i was worried that i'm not going to ever be able to make-- a solid living, you know, that's probably my biggest worry. >> reporter: a study by the new york fed found that 40% of recent graduates can't find jobs that fit their education level. >> got to work really hard because you're to the going to graduate and say well, i have a bachelors so give me that job. because that's not how it works. >> reporter: the surge in hiring is not boosting wages, which have risen just 2% over the past year, about the rate of inflation. and weekly wages have actually fallen, margaret, in the past 2 months. >> there are some struggles out there, anthony, thank you. tonight israel's military is bracing for more violence ahead of tomorrow's funeral for a palestinian teenager. his murder sparked new fighting in jerusalem. alex ortiz is in tel aviv. >> reporter: it was

. >> what about the argument that people are underemployed?that they are dropping out of labor participation altogether? career had to take a job that was available. i have done that several times. -- to getople to do in the workplace improve themselves. they can move up within the company they join, or show their skills to other companies. it's better than being out on the streets. it's also showing employers that there is an available labor force in north carolina in which is very important to employers looking at our great state. >> governor, thank you so much. >> thank you so much. coming up next, we will get you in on the markets update. lebron james says he is going home to cleveland ohio. what are the ripple effects for the nba? that story and more when "bottom line," continues. ♪ >> after four years with the miami heat, lebron james is returning to cleveland-the cavaliers. again. the head of bloomberg sports, and joins me now on the fallout. fallout has such a negative connotation. this seems like an angelic being to do. the prodigal s

million illegal immigrants, at a time when 20 million american citizens are already unemployed, underemployed, or who have simply given up looking for work. those american citizens deserve, it seems to me, much better from their government, from this president, and better as well from the extravagantly wealthy offers of an op-ed that doesn't contain a single statement, a single explanation as to how working men and women, our middle class and those who aspire to it, would benefit from either amnesty or open borders. the billionaires forgot to mention it. billionaires can be wildly off the mark, i recall vividly the occasion, well, seven years ago when bill gates told a senate hearing that, in his opinion, there should be no limits on each one visas. he said the number of granted visas should be infinite. that's a lot. americans are watching the crisis overtake our southern border and clearly a crisis of this president's making, and adelson, buffett and gates know that. nonetheless, they want us to agree with them that our elected representatives and all the rest of us should shut up and do wh

on the supply side, they are providing employment for people that are underemployed. have four .4 million part-time workers in 2007 before the recession. now we have 7.5 million. or airbnb canlyft allow people to keep their quality of life with a need to, and they don't have a full-time job. we will have to leave it there, unfortunately. the urban landt institute, thanks for joining us. why is the weather channel's ceo wearing a smart watch? find out how mobile tech factors into the company strategy. ♪ >> welcome back. we turn to the one number that tells a whole lot. jon erlichman is back from sun valley, holman l.a.. you have the bite today. 98,000. the weather channel basically tracks weather conditions at about 98,000 global locations very that has attracted apple's eye. it's part of the new ios, pushing down the weather to the side. we caught up with david kenny, who was on the yahoo! board. here's more on the strategy. >> i think the value is determined by the subscriber. i would say the fact that we are so highly rated that people are starting their day with us

. >> there are 20 million americans who still don't have jobs or are underemployed. charlie, always restock with you. gas prices through the rest of the summer? >> if i knew, i would tell you. lou: time now for a few of your, we have a big response to yesterday's poll question. we asked who is the more inspiring leader, and the citizens of the nation and prime minister netanyahu was prime minister obama. big bear tweeted, he tells it like it is and knows what he's got to do to keep his people save and is not afraid. and terry jones says i wish we had a leader like that and steve in connecticut e-mails us about the irony of president obama hosting a nationalization ceremony with service members in these men and women havarti taken a oath to defend the constitution including those that willfully violate that same constitution. a free copy of my new book called border war. we love hearing from you. e-mail us at loudobbs.com and to mr. tweet. goodnight. for defending our country. thank you for your sacrifice and thank you for your bravery. thank you colonel. thank you da

the work force investment act and the critical job-training programs that help unemployed and underemployed americans find work and get back on their feet. no investment is more critical than investment in our human capital. these job training programs make opportunity and benefit working families and people who need help, people who played by the rules. businesses rely on these programs to fill vacant positions with qualified and skilled workers. the bill, the product of many years of bipartisan negotiation, takes what is already working. it improves on it. it streamlines and provides stability to these critical programs. while including important protections for workers with disabilities. it encourages partnerships between the work force system and our community colleges while enhancing adult education and encouraging innovation and job training. members of both parties have understood the voital role of the government and -- vital role of the government and helping people help themselves. the bill is a good compromise. it makes good on a critical promise to our workers and our businesses

on the supply side, they are providing employment for people that are underemployed.have 7.5 million. services like lyft or airbnb can often allow people to keep their quality of life where they need to and they -- when they don't have a full-time job. >> all right. we'll have to leave it there unfortunately. lein at the urban land institute. thank you for joining us. u stern school of business. thank you. why is the weather channel ceo wearing a smart watch? i know how local tech factors into the company strategy for driving traffic next. ♪ >> welcome back to "bloomberg west." i am emily chang. we turn to the bwest byte, one number that tells a whole lot. jon erlichman is back from sun valley and home in l eight what have you got? -- at his home in l.a. >what i did not? -- what have you got? >> there is a new ios pushing of the weather to the side. we caught up with kenny on the weather strategy. >> i think the value is always determined by the subscriber. the fact that we are so highly with people morning starting their days with us and staying with us all day, that

on the other hand, marxist reserve army of the unemployed, underemployed, and formerly employed has doubled in size during that time. the scale of this absorption of wage exportation has radically we leveraged the relative positions of capital and labor in favor of the capitalist class. this disparity of wealth and power at the core of the economy constitutes a new and powerful source of downward pressure on u.s. in global economy. this turn of events and reconstitution of capitalism could not have happened without a major assist from the government and political class. a crucial importance was the election of ronald reagan in 1980 and the ascendancy of the right wing that followed. to be fair, the democrats, especially the clinton administration, were not bystanders. they had the chance to change the economy to the advantage of the 1%. the question before the house is how do we get out of this mess? here are my two cents. what is needed is nothing less than the restructuring of the economy and the consistently and deeply anticorporate and eventually socialist direction. first -- [applause]

they're underemployed and unfortunately a lot of jobs that are being created are actually part-time jobsally want. they're looking for full-time jobs. or they are full-time jobs they don't want. they are simply stepping stones to waiting for a real job they were trained for. david: well, mike, actually, that is one of the discouraging factors that came out of this jobs report. the big increase in number of part-time workers. also the labor participation rate remains very small compared to historic standards. but what kind of jobs, when you look at jobs in vegas you're involved with are not coming back? what kind of jobs have gone away as a result of evolution of the economy that are just gone for good? >> i think what jim said is absolutely correct. what is happening, middle management and senior management jobs are only being created as people retire. there are no new jobs coming into that sector. the jobs being created are part time work, hourly wage jobs which can not handle the educates workforce. what is happening we're not creating jobs for the uneducated workforce because our educ

if i am not writing a book in addition to 100 columns a year, i feel underemployed.he speaking gets me around the country. i get columns without a washington dateline which editors appreciated. >> you talk about a writer named carl sandburg. what do you think of him? >> galesburg, illinois. butcher, all that stuff about chicago. he was a poet back when poetry was popular entertainment. addressed congress. he would appear on the ed sullivan show. t.s. eliottime when and robert frost would go to colleges and their would-be overflow crowds at auditoriums. he was a wonderful spirit. not a great historian. i think it was edmund wilson that said sandburg's biography as lincoln was the first -- the worst thing that happened to booth. since john wilkes joseph epstein said that clichÉs run through sandburg's prose like calories through cheesecake. not a great writer but a nice spirit. >> you talk about a famous hoosier writer. >> another fellow who wound up in chicago when chicago was the great incubator of models. characters come from elsewhere, philadelphia and elsewhere, t

they're still unemployed and underemployed. melissa: they're making money and not raising wages.ages are stagnant and consumers are not spending money. how dong do we keep going, economy of people. go ahead. >> they don't have to pay higher wages. that is the what we talked about previous point. melissa: we keep seeing company after company -- >> that is big issue. 3:00 fourths of our economy is the consumer so if they're not spending. rent a center. that is business for lower-end people. the have-nots are not spending but -- melissa: amazon upping anteon the game of drones. asking the faa for expression exemption to test the prime air plate. you knew this was coming. jeff bezos don't go anywhere without a drone. i was at a dinner with him. he flew a drone over the crowd. he says you can't fly these things? forget it. i wants amazon exemption to allow r&d outdoors in the united states because it is in the public interest to let jeff bezos to do that. >> can't wait two days to get a book? >> no, i can't. >> this looks like -- melissa: i love it. >> sky filled with drones. this is

but when you have too many unemployed or underemployed workers you're under capacity and you won't see more people striving to become productive. >> that's part of the problem that america faces. when you look at global capacity and the competition that our established companies are facing it's harder to invest in equipment and drive productiv productivity. at the same time a lot of it comes out of the private sector through what we like to call starting in the family garage. but it starts on consumer-related credit. the problem is banks are cautious for lending. >> if you go in and say i want to start a business out of my garbage, they'll laugh you out. >> yes, banks have been beaten up badly and they're continuously being beaten up by the federal government in terms of new regulations and restrictions, the assets they have on their books and there is a higher degree of caution. the bar has-been raised. >> not everybody thinks that's terrible. we need to be cautious but balanced. we need them to take risk on people who start businesses in their garage. >> reporter: all these things ta

>> it's unlikely because the disabled are the most unemployed and the most underemployed of any population group in the country. >> reporter: dmv, which issues the placards, and the san francisco d.a. claim they are cracking down on illegal use. this week, three people were busted and accused of fraudulently applying and getting a disabled placard. >> this is to our knowledge the first time that a district attorney has prosecuted somebody. >> reporter: but few cities can afford to actively go after scofflaws. in the current case, they were ratted out by neighbors. bob, who has polio, says it's just too easy to get a doctor to sign off on a placard. >> instead, what they need to look at is, are there any practitioners who are issuing a lot of these? >> reporter: there are 60,000 disabled placards registered in san francisco. yet there are only 30,000 metered spaces. and in a city where parking is difficult, placard because can be frustrating -- placard abuse can be frustrating. this man parked in a disabled zone and doesn't look disabled. >> i do it with my father. >> reporter: it's hard to

in a survey we just did, 46% of college graduates reported they were underemployed and working in jobsthat did not require their college degree. another 13% were simply unemployed. no graduates and no job seeker, for that matter, should find themselves lost in today's job market. we have the technology and we have information to actually provide every job seeker with personalized roadmaps showing them employment pathways that are open to them given their individual skills and competencies. these roadmaps show job seekers what they could do with their skills based on what others have done. they provide real-time information on how to navigate the jobs market place and get the most out of their skills and competencies. they also show them how to get the skills and competencies they might need for the next job that they want. how does that happen? again, we work with a company that has build an inventory of millions of resumes that allows them to look at the skills and competencies of an individual, and tell them what path others with those same skills and competencies have already taken.

a third of them are underemployed or unemployed. so they're concerned about their own income ability. when it comes to income ability and taking care of the poor and disadvantaged, they do feel like government should take a bigger role in that area. they're not sure if free markets drive income ability. they think free markets drive technological progress and they endorse the free market system two to one when you ask them. but they're not sure if the free market system helps people rise out of poverty. and you can understand why given the sluggish economy in which they're operating in. >> so they want people to do better as long as they don't have to pay for it. is that right? >> that's true, yes. >> great. emily, thank you so much for joining us. we appreciate it. polling director for the reason foundation. >>> women are leading the pack when it comes to starting their own businesses despite what they say is sometimes a harder climb to the top. fox news senior business correspondent is here with more. brenda? >> hey, jim. boys ver

underemployed seniors need returns to shop for more than groceries. there are lots of us.ut there who thinks that we do need to see higher interest rates so that pensioners and retirees can have a little bit more income. and perhaps another one i thought was interesting in terms of the overall framing of the picture is one that came from here. this one. @marktestone. we need rick and steve in a paintball duel or mud wrestling match to raise money for charity. a heated debate. obviously lots of sides to the story. you can see there are people who support both sides. so some interesting commentary from the twitter viewers out there, scott. back to you. >> thank you so much. remember, if you have a question for our traders or a comment, you can always tweet us live using #halftimereport. >>> coming up, we're less than 48 hours from the start of delivering alpha. kate kelly has a look ahead to this year's top guests and last year's most memorable moments. >>> also a mixed bag of news for ebay, but is it the right time to get your bid into the action? we're going to debate it n

more than 16% of them are underemployed. we need every tool at our disposal to put money back in the pockets of families so that they're empowered to make better choices. i urge my colleagues to support h.r. 3393 and yield back the balance of my time. the speaker pro tempore: the gentleman from michigan. mr. levin: could i ask how much time is there on both sides? the speaker pro tempore: the gentleman from michigan has 7 1/4 minutes remaining. mr. levin: and the gentleman? the speaker pro tempore: the gentlelady has 12 minutes remaining. mr. levin: do you have other speakers? mrs. black: i'm ready to close. mr. levin: ok. let me just yield myself 30 seconds and then i'll yield four minutes. the speaker pro tempore: the gentleman is recognized. mr. levin: the gentlelady has just talked about her work in graduate school. this bill would eliminate help for millions of people in graduate school. that's what this bill does. i now yield four minutes to the distinguished gentleman from illinois, mr. davis. the speaker pro tempore:

kaptur: our nation can't employ the nearly 20 million unemployee and underemployed citizens without addressing what's happening to growing imports and lessening exports. here's a bumper sticker. out of a job yet? keep buying foreign. that was on a car in michigan as we came back here today. in 2013, america imported, get this, 369 -- $379 billion in petroleum products aloan. $309 billion in automotive, and $329 billion in consumer goods, which are not offset by exports. we are exporting jobs and importing items from other places. think of the jobs we could create here if we could live the slogan, made in america. for every billion dollars of goods exported our economy creates 5,000 jobs. for every billion dollars imported we lose 9,000 jobs. that's why we've been in the hole for the last 25 years. our middle class is shrinking, people are struggling out there they can't make ends meet. we have a budget deficit because weave trade deficit. america doesn't need any more job killing trade deals. yield back. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gent

tens of millions of people underemployed are unemployed in this country.ort on a critical security flaws. i am only hearing about this story. critical problems with the health insurance exchange in new mexico. >> there is a federal audit that has been hit. i and critical risks. they will not say exactly what they are. we know it is a serious problem. they are working very hard to fix it. stuart: i want healthcare insurance. they have my information. your report says that information is at vertical risk. is that it? >> i think that that is the implication. while people have enrolled about 600 of them, they are not yet doing the individual marketplace. stuart: we were not told. now we find -- what was the express and? >> a high and critical. >> when you sign up, health condition, finances, taxes, just about everything an identity thief would need. healthcare related identity theft. that is on the rise more than any other form. i think you got both the incentive and the weakness. stuart: thank you for coming on the show. we appreciate it. the bbc. british bro

purpose is to decisively changed the rules and tilt the playing field in favor of the underpaid, the underemployed committee unemployed, the discriminated against, the struggling family comedy and david didn't come in the underwater homeowner, the economy underfinanced school, every victim of capitalism crisis. [cheers and applause] so where do we begin? my answer is that we begin where we are. that is the case is in the vincent struggles and there are so many. starting with the growing movement against economic inequality, the low-wage economy and extremism. one native afo ceo president richard trumka passionately speaking about the growth of inequality. the next day as president obama making a speech on the same subject. the book of thomas pickett and elizabeth warren both on the subject of glaring unjustified equality in "the new york times" bestsellers list. a progressive bloc in congress stand firm behind economic justice. the minimum wage movement is really kicking up the latest tape very on the city council, to lift the minimum wage to $15 an hour. [applause] meanwhile around the world, pow

million unemployed workers some companies are filling the cap by offering online tech education to underemployed adults. mary snow explains why that has some people rethinking their careers. >> 20 something joe is a web developer at food concepts in rochester new york. >> i will get a design and have to code it. >> he started in march. he was working two jobs as a security guard. >> i was not passion at about security, it was a moons to make a living. >> i'll show you a simple example. >> joe signed up for free house, an online education site teaching courses in web develop, app design and computer rang ridges, within two months he applied for tech jobs. >> i did not think i would find a job within three months, i knew that i wasn't where i needed to be. >> three months is a quicker turn around than normal says ryan carsons. >> if you have taken someone that has never written any code, it will take around six months to 12 months. the thing is that is working about 10-20 hours a day. we can take someone from 0 to job ready, $150. >> there are many tech jobs to be had. nationwide there are five jo

right now, a lot more to come, who bought their insurance on the state exchange, who maybe were underemployeded, didn't qualify for medicaid. they want an insurance they didn't have before. the only way they can afford the premium is with subsidy because hhs has said, on average 90% of the people who are buying through the state exchanges are getting a subsidy. you know what, bill? the subsidy is 3/4 of the premium on average! so a person out there working as custodian or teacher or truck driver or in a gas station or isn't employed at all, many of our viewers out there couldn't afford this insurance if they didn't have this subsidy. i would be worried if i were them right now because the law clearly says an exchange established by the state. i'm worried for america's patients who are already having trouble with obamacare. bill: what you're also questioning, if you turn back the clock four years, which we can not do, you would find that you're arguing that the law is too expensive? >> it provides for a product that covers too much. i love preventative medicine but if you ask insurance compani

tens of millions of our countrymen now are unemployed or underemployed.negative economic growth in the last quarter, business startups at a 20 year low, one out of seven depending upon food stam stamps. again increasing entrepreneurship, i don't think so. ending too big to fail? we have had this debate before. we had it yesterday, we had today and we will have it tomorrow. dodd-frank codified it too fell into law. it's demonstrable four years later that the big banks have gotten bigger in the small banks have gotten fewer. financial stability i suppose that's a debatable proposition. financial stability is now defined by the unelected and unaccountable bureaucrats. i don't know if increased increased concentration in our larger financial institutions whether one can say we have achieved financial stability. but what i do know is that comes at incredible cost thanks to dodd-frank. it's harder for a low and moderate-income americans to buy a home. again thanks to dodd-frank there are fewer community banks serving the needs of small businesses and families.

and we have 20 million americans who remain unemployed or underemployed in our economy right now. think about what this hemorrhage is costing us. and some of the very companies that have moved these jobs from california, from new york, from ohio, they still operate those companies in foreign locales. congressman levin of michigan calls it an inversion. that's kind of a good word, actually. heres -- others have called it outsourcing. others call it shipping out. shipping out our jobs, shipping out our wealth. people say, what's happened to the middle class? well, it's gone global. and unfortunately the people in those places they're not middle class. they are working under horrendous conditions and those goods are sent here, whether they're agricultural goods, whether they're industrial goods. so i want to compliment you on keeping a focus on make it in america. i do have a bill i wanted to put on the record, h.r. 194, which is a congressional made in america promise act that would mend the buy america act -- amend the buy america act to require this branch of our government, the l

tens of millions of our countrymen now unemployed or underemployed. meg tiff economic growth in the last quarter. business startups at a 20-year low. 1 out of 7 dependent upon food stamps. increasing entrepreneurship? i don't think so. ending too big to fail? >> we've had this debate before. dodd/frank codified too big to fail into law, and it is now demonstrable four years later that the big things have gotten bigger and the small bankses have gotten fewer. financial stability is a debatable proposition. financial stability is now designed by the unelected and unaccountable bureaucrats. i don't know with the increased concentration though in our larger financial institutions whether one can say we've achieved financial stability. but what i do know is it comes at an incredible cost. thanks to dodd/frank, it is now harder for low and moderate income americans to buy a home. again, thanks to dodd/frank, there are fewer community banks serving the needs of small businesses and families. thanks to dodd/frank, main straight businesses and farmers faced hi

we'd like to see millions of people that are underemployed get better jobs and people that have leftand go to work. start having an economic expansion that has gdp in a positive range rather than the first quarter negative 2.9%. >> i take your point. look, we all want growth. this really comes down to whether you guys can get your agenda accomplished in washington and if you do, it is with the help of who? the democrats? are you uncomfortable being associated with the democratic party? >> look, we'll work with anybody who will work with us because job creation is everybody's business and it should be. when i look at the data, we've got an election in november. the number one issue in america, far and away, is economic growth, job creation. that's what people want to hear from both parties and so i'd be out there competing as a candidate on that basis and, frankly, i'd be talking about things that make a difference. when we look at what matters, the investment climate in the united states matters a great deal. we should be leading a global recovery, and frankly, we're doing okay, we'r

we frequently talk about the fact that many guard and reservists are either unemployed, underemployed or unhappily employed. the job centers offer a great way to connect. trying are busy doing is to encourage our federally funded state reps in each of your states to work closely with your state workforce agencies to engage, to make sure that that relationship is strong so that we can connect the local jobs in and around your unit with the folks in those units to make sure that we know the folks in those units to make sure that we know about them and they are registered in the system and we can help with the matching opportunities becausa you know all there are lots of opportunities and the challenge often is simply connecting that young guardsmen to the opportunities that are out there. so we think that the work force system and the jobs centers that are there close by offer a great way to have individual counseling for that guardmen or reservist and a direct connection through the state job banks. the job centers and that personal connection. so i think it's really important and i wo

a segment of this generation and our research showed it was roughly 40% that feel like they're underemployedi think we have to do, and i mentioned this to the governors on saturday, is we have to connect government and education and the employment community together. and i think it starts with a talent strategy and a workforce development strategy that addresses the four items that you mentioned in the graphic there. the one thing i really hit hard was the importance of outcomes. right now there's 47 federal programs spending $18 billion on workforce development. and if the states really focus that in connecting both education and employers, i think we could move the needle in terms of employment. >> all right, steve rohleder, great to have you on the show. thank you very much. cnbc's sara eisen, good to have you on. >> we love sara eisen. >> she's adorable, and smart. >>> still ahead -- >> i thought she just lived in a box. >> no, she does not live in a box. thanks for coming in. >>> still ahead, you never know what's coming next when the vice president begins a statement like this. >> i pr