he were underemployed and unemployed. did you reverse the situation? >> i took a long way around. i worked three part-time jobs and went to school full-time. the only benefits i were aware of were the g.i. bill. i realldidn't know where to look for help if it was out there. some of the things that can be done to bring mace numbers down? ifou look at what has happened to female -- bring these numbers down? at what has happened to female veterans, obviously, there are issues contributing to this, but the rise of homelessness is alarming. what is contributing to this? >> we are only attttacking this problefrom one angle. we want to get them housed. but three out of five women veterans seeking assistance because they are at risk of being homeless or homeless, these women are underemployed or unemployed.. we have to get them e employed d then they can afford a place to stay. >> do you think the president and the first lady have focused enough on this issue? >> first and foremost, i think the president and the first lady for taking on this initiative. this is huge. it has been going on

version go acted like an intrirm program through that placed individuals who worked chronically underemployedontinue to have them in the jobs for at&t a year with the sub decided wage to continue that program were not successful but 80 percent of the people placed in the program in the manufacturing seerth were remained by their employer so henship works so as we move forward for paid apprenticeship helps people in small businesses with manufacturing that is money well spent. going back to the maker of the economy we've created together i can't echo in view of what director reiskin said we're creating a model around infrastructure and how to connect with the diverse populations back which murray's and honestly setting a model that other cities are looking to reenergize allergies and aspire inspire folks that a construction job as well as a expire to work and accurate things in tim buck too that brought folks from chinatown and will have direct access for their workers to get to work that we are remilking for the next generation to be a maker at sf we're proud to be on on the forefront i want

therefore not able to make the payments so what's going on with people who are underemployed it with a college education i think there's a growing argument that a college education is not important for everyone not everyone needs to have one i think i think we're perhaps over educating going really should our shouldn't be the first was say that our trade policy is shipping all those good jobs offshore glee engineering jobs you know engineering their own stuff in china. and companies holding onto you know their assets and not hiring. and you have shareholder pressure to do that you. have the income inequality that we're going to talk about later really making it but you know wages are very depressed. and as you said the cost with these top heavy administrations of a college i would say this generation is too big to fail and i'm all for bailing them out it's also gene if you look at a graph from the one nine hundred seventy s. to today of the of the incidence of for profit secondary education for private colleges and then you track student debt there's about a five year lag but the the

>> one-third of college seniors when they graduate are either on or underemployed but the school you see in our top ten list do an excellent job of placing students into paying jobs. >> the obama administration is trying to develop a college rating system based on cost. what kind of things do you think we'll see emphasized under a system like that? >> the same things we look at. it's going to be the value that you get and the true cost. one of the things we did with our rankings was look at what is the real cost minus financial aid, fie news merit scholarship but including parent debt, student debt. what's it going to cost you and what's the outcome? >> not just the sticker price that may not be the sticker price, everything added up. >> we look at the true cost of a degree. if you want to look up your school go to money.com and see how it fares and pretty soon the obama administration will have its own ratings so you can look at that. >> donna, thanks for coming in. >> thank you. >>> up next, "on the money", a look at the news for the week ahead. >>> reach a higher credit score. the

its debt demonstrators called on the government not to pay their hedge fund debtors and protect underemployed educate. tens of thousands of russian tourists stranded abroad after a tour company went bust many of the holiday makers will be returned home within a week according to an association of four operators by flight plan for tuesday it's the fourth russian travel agency to collapse since. london seeking to ignite the u.k.'s space industry and possibly with scotland in the process artie's polyploid collapse and the prospects of space tourism taking off. the scottish are being promised all sorts to stay in the u.k. but now they're being sold on trips to the stars. that's because the british government wants to reach the final frontier or rather build a space port for commercial space travel by twenty eighteen and scotland has a shot at tiles in the launch pad the u.k. space industry is growing at an astronomical pace it already contributes over in levin billion pounds to the u.k. economy every year it employs a vet thirty thousand people but as the focus of one british satellite building c

have another 2% on top of that that we call underemployed. there is a huge number of people flowing into the u.k. from eastern europe. improve, then a new flow of workers comes in. this is globalization come if you like, but there's lots of slack in the labor market. i think the bank of england underestimated that. england governor mark carney said increases in bankrate, when they come, are likely to be gradual and limited. and he added that is an expectation, not a promise. does raise rates, could the low-wage environment stall the recovery? the answer to that of course is yes and the low-wage environment is something that is holding them back. but there is something that the bdm act is to understand. basic -- that americans don't understand. basically, payments on mortgages will rise. currently, people are paying 2% on a mortgage. so the moment that the bank of england raises rates, people's mortgages will rise and their rate -- their wages remain low. that will have a big effect on default and spending. reticent to raise rates, especially

just about unemployment, i think that they are looking at that labor participation rate and the underemployed the part-time workers and compensation being an issue. >> it seems to me that she was saying i know what you're reading in the news ebbers about that 22% unemployment and that's not a true picture and that is everything. when we take into account what this on employment number is with well over 12% in this job market is still a big issue. >> slowly but surely it when you look at what we are saying it's extremely hard to decide. and then i think to her point, she's driving into those numbers and i think that wages as well, we are not seeing a real movement in wages. until we see that i mean, that is an indictment against it. they have to say the economy is doing better otherwise everything is done and all the rest they have taken is for nothing. by the same time they know that this is part of it. >> the midst misdirection, nobody can decipher that. monetary policy for now is starting to walk out the door. and they spent the first three pages talking about how they're going to exit us.

just about unemployment, i think that they are looking at that labor participation rate and the underemployed the part-time workers and compensation being an issue. >> it seems to me that she was saying i know what you're reading in the news ebbers about that 22% unemployment and that's not a true picture and that is everything. when we take into account what this on employment number is with well over 12% in this job market is still a big issue. >> slowly but surely it when you look at what we are saying it's extremely hard to decide. and then i think to her point, she's driving into those numbers and i think that wages as well, we are not seeing a real movement in wages. until we see that i mean, that is an indictment against it. they have to say the economy is doing better otherwise everything is done and all the rest they have taken is for nothing. by the same time they know that this is part of it. >> the midst misdirection, nobody can decipher that. monetary policy for now is starting to walk out the door. and they spent the first three pages talking about how they're going to exit us.

if you add up all of the unemployed and underemployed it comes to two percentage points as the labor force. that is a lot of slack, that keeps wage growth contained. we need to get to that point were wage growth will pick up in a more consistent way. >> at what point will start to reflect those wage gains? great jobsntinue to at the pace we are currently, since the beginning of the year, then by this time next year i think the labor market will be tight enough that we will start to see some stubs and to wage growth -- substantive wage growth. le will approach full poi .mployment we're about two years away from full wage growth. wage interesteep .ates low is there anything that would move them off the position? >> i think the report was very much in their script. they can buy into my narrative of what we have been getting, and we can get back into a place where we gets assistant wage .rowth >> that was other data today that showed manufacturing growing up fastest pace in more than three years. with this give the economy the tailwind it needs? >> yes. they are providing a lot of jobs.

but if you look at people underemployed or people dropped out of the workforce -- melissa: or quality of jobs. >> quality of jobs this really horrendous. melissa: median household income still 5% below where it was in 2007. does that sound right to you? >> i think number is actually work. they're using factor here and inflation numbers come from the u.s. government. if you look real inflation, people live inflation differently than the government measures it i think the middle class is even doing worse than these numbers. by the way, they just discovered this. this has been going on for years. our clients have been telling us for years. it doesn't feel good. melissa: dan? >> well they're lying. it is clearly true that these numbers are made up. charlie you mentioned that. unemployment numbers, if you go to the website, bureau of labor statistics they tell you they're off by 270,000 up or down. that is how inaccurate it is. velocity of money, we talked about this last time is at 50-year plus low. money is not moving. the middle class is -- rich are not spending. the economies around th

better understand what we're doing because we've got 25 million people that are unemployed and underemployed in this country and i think my obligation is to those people first. >> reporter: other border state congressman have made the case to their colleagues to win their support. they sound confident it will pass, and if it does, they'll make the case it took action unlike the senate. chris? >> mike emanuel, thanks for that. >>> president obama took advantage of the disarray among house republicans to bolster his case for using executive authority when congress does not act. here's white house correspondent wendell goler. >> reporter: with the house vote on the child migrant border crisis almost irrelevant since the senate's gone home, president obama said he'll have to issue another of the executive orders republicans say are examples of his overreach. >> i'm going to have to act alone because dwoent have enough resources. we've already been very clear. we've run out of money. >> reporter: republicans blame mr. obama's tax decisions to go around congress for the house decision to sue him.

but a lot of the people who are working say they're underemployed and a lot of them have part time jobs when they want full time jobs. >> yeah. we have seen the vast majority of the jobs created in this recovery, more than 9 out of 10 of those jobs, have been full time jobs. so we've seen a strong full time recovery. the problem is, we saw terrible part time recession. part time jobs went way up in the recession. we're moving in the right direction in that regard. but you're absolutely right, that we have a lot further to go when it comes to everyone who wants full time job being able to have one. >> you were talking earlier about numbers bouncing around. incorporate more so than when it comes to gdp. we saw 4% growth in the second quarter. those were numbers that came out earlier as we saw the economy contract by more than 2% in the first quarter. so do you think the economy is going to start growing faster? because while it has been growing in a slow but steady fashion, it has certainly been below historic lows. below historic averages. >> yes. part of what helped in the -- second qua

they're underemployed, undercompensated and very underwhelmed by the economic policies out of washingtond.c. and it's devastating. these are amazing numbers of disapproval of what's happening in washington right now, and people are concerned about the generational future. when they turn tv on at night, they want to be inspired to believe that hope is over the horizon, but instead they turn on and the commander in chief is singing another rendition of the blame game and don't feel that sense of hope. even though everybody in washington is to blame, the president of the united states is the one they identify with and want him to -- >> wonder what the midterms are going to look like because this is a big shift in attitude in this poll. neil: there is a lot of the blame game. and that's what mark touched on, scott, something i want to pick up with you, i remember we were doing live programming, after hurricane sandy, and there was a lot of blame going back and forth and the government was going to shut down. we did an experiment any time a press conference started with one side blaming the o

. >> so many people are underemployed and those numbers really aren't improving that much and i think that's a real issue. that is what the fed is looking at. if you talk to some americans they're under employed and not in positions they want to be in. >> this is not the immaculate recovery that vice president biden talked about 2010 in the summer. we're still not seeing gdp growth annualized above 2.2%. we haven't seen that in years, right, melissa? melissa: right. >> i don't think you should be happy about 209-k. melissa: can you reconcile the 4% gdp growth with the jobs growth? it is okay but not -- >> there may be revisions to the gdp number. traditionally in this rally, bad news for the economy meant good news for the markets. melissa: but not today. >> not today. i think this is the fifth consecutive month of 200,000 plus jobs with all the expectations combined with gdp -- melissa: listen to the language of the fed earlier this week that they were sounding more hawkish? >> the fed will not put foam on the runway. volatility is natural bedfellow of normal markets. melissa: speaki

on the other end of the spectrum, you wind up with about 80% of folks that are unemployed or underemployed. >> what was your motivation for getting into a company that specifically hires people on the autism spectrum and what do they bring to your company? >> great question. my co-founder, his wife is a child psychologist and she spent a lot of time with folks on the spectrum. she came home one day and asked us, why are we spending so much energy on what they're not good at? >> right. >> why don't we focus on what they could be great at? and we had wanted to do a social business for quite a while, and we said, this is it. and we were in a position to leverage some of their talents to be software testers and to do quality assurance for folks who develop mobile sites or websites, and we did a pilot and the results were fantastic. >> and it's just growing and growing and growing. you've got ten testers now. i think you plan to hire another, what, 15 or so by the end of the year? >> 15 more. >> and exponentially grow within the next three years. >> the goal is 250 to 300 testers in the next th

pay scale.com finds 43% of the americans consider themselves underemployed. at very same time a note from wells fargo find retail sales jobs are in the decline. almost half of america, says you know what? in order to make end meet i need more work. the crummy jobs at bottom, retail jobs, part-time jobs are going away. like bad news on top of worse news. >> disruption. technological disruption happening to a lost industries. happened to the newspaper business, when the web came in. happening here too. amazon's done it in large part. not just amazon, a lot of other companies too. melissa: you say that is where retail sales jobs are going, everybody is buying online. so you don't need crummy jobs? you can't find enough work? >> yeah. e-commerce clearly continues to grow. it is creating higher-paying job to focus on trends and data analysis but -- melissa: maybe, but not the same number and not with the same training. >> if you go to retail store you don't want educated specialist salesperson to convince you and help you. i think a lost lower end jobs are being s

here in minnesota come over half of our workers are underemployed . weekly wages have gone up by just pennies. this is not what it economic recovery should feel like. minnesota is the land of 10,000 late, but when it comes to the challenges working families are facing, all we hear from democrats is 10,000 excuses. we can do better. i'm running to bring real leadership to washington and help get america back onto the path of growth and prosperity. there are many ways we can turn this economy around. let me touch on two of them today. the first is regulation. president obama and the senate democrats are great at creating regulations, but when it comes to jobs, not so much. to great jobs and unleash our full economic potential, we need smarter regulation and non-overregulation so that the american free enterprise can do what it does best -- innovate, let me give you an example from my state. you're sitting on one of the largest copper nickel deposits in the world. there is a company that wants to use advanced technologies to mine these metals and bring g

--the under him underemployed.een out of work for 27 weeks. 33% of jobless applicants are in that band but that is the debate which is in the new labor force them a in the new workforce. the economic models of history apply. you have technology improvements. that heenspan was right was 15 years too early. it is the new paradigm in terms of what technology can do. traders think there is a 52% [indiscernible] bonds are telling us where worried. >> we are in a better place economically in theory. -- the bulls have it which is if the economy is improving you raise rates. it means you have an improving economy. >> the latest health gauge was just released a little bit early. this came from the hsbc. about the numbers, if they were not -- they were not so good, were they? >> not really. an were talking about improving economy. this is one of the last things you want to see if you were hoping for a continuation of the trend of good eta coming out of china. 50.3, still expansion but a big drop from last month. it is short

1979-2011. 53% of all college graduates in america under the age of 25 are either unemployed or underemployed. 15% of the american population is now on food stamps. the number of americans getting food stamps is bigger than the population of the northeast united states, including new york city, boston and philadelphia. the food stamp world in america are larger than the population of spain. the number of americans living in poverty, larger than the population of syria times too. the number of americans on disability bigger than the population of greece. and for anyone who might think, well, maybe these numbers existed a few years ago. in 1965, one out of every 50 americans was on medicaid. today, one out of every six americans is on medicaid. the system is unsustainable. that debt is unsustainable. the regulations are unsustainable. but taxes are unsustainable. and most importantly, the irs is unsustainable. it's got to go. we have a disaster on our hands up at the proportions. i'm unconvinced, as ziad said, this is not a republican or democratic event. i'm an equal opportunity offender. i'm

to many, she represented the plight of underemployed parents who face tough decisions every day related to child care. >> she started parenting classes. they will release the abuse charges against her. on thursday, her family was once again together. >> i think my progress helped me get back. i did everything required of me in this case and asked if there was anything additional i could do. >> finally this morning, erica? >> yeah. >> lester? you have two boys. when do boys not have cooties? >> never. there's one time when they don't. when they invite you to hang out and talk baseball. the chicago little league team that beat mo'ne's team. they beat her and her philadelphia team. they invited her to join them. they all became friends during the little league world series, which is adorable. the boys from the windy city invited the girl from the city of brotherly love to come hang out and just be friends. >> it's a beautiful thing. luckily, your boys are already at this point, they are grown men. i'm working to model. we are teaching them to be such gentlemen. harper and your arrival -- >

here in minnesota, over half of our workers are underemployed and weekly wages have gone up by just pennies. this is not what an economic recovery should feel like. minnesota is the land of 10,000 lakes. but when it comes to the challenges working families are facing, all we get from democrats is 10,000 excuses. we can do better. i'm running to bring real independent leadership to washington, to help get america back onto the path of growth and prosperity. there are many ways we can turn this economy around, but let me touch on two of them today. the first is regulation. president obama and the senate democrats are great at creating regulations. but when it comes to jobs? not so much. to create jobs and unleash our full economic potential, we need smarter regulation, not overregulation, so that the american free enterprise system can do what it does best -- innovate. let me give you an example from my state. we are sitting on one of the largest copper and nickel deposits in the world. there is a company that wants to use advanced technologies to safely mine these metals and bring good jobs

many europeans are underemployed and unemployed. alan ruskin is with deutsche bank.uss an unreal a real global economy. everything seems so tepid. can america ignore a europe's leading back? -- europe sliding back? >> unfortunately, it is not just europe. china has had a little bit of to and fro. brazil. i'm definitely still optimistic on the u.s. there is quite a bit of momentum. the u.s. economy is looking just fine. >> the uneven pace of global growth. are these crosscurrents going to be a factor in the fed decision? reluctance, willingness to move interest rates? >> i don't think so. they will have their gdp forecast and the labor market will tighten at a reasonable pace and i don't think the drag effect from these other economies will be sufficient. is toe thing i would say watch the disinflation effects coming through from china. that is giving them more time to lay off in terms of actual tightening. today, we have janet yellen of the fed, mario draghi of the ecb, both speaking in jackson hole, wyoming. there is a change. how do we deal with the fact that the u

2011. 53 percent of all college graduates in america under the age of 25 are either unemployed or underemployed. 15 percent of the american population is now on food stamps. the number of americans getting food stamps is bigger than the population of the northeast united states, including new york city, boston, and philadelphia. the food stamp world and america's logic than the population of spain. the number of americans living in poverty is larger than the population of syria times to. the number of americans on disability is bigger than the population of greece. and for any of you who might think, well, maybe these numbers existed a few years ago. in 19651 out of every 50 americans was on medicaid. today one out of every six americans is on medicaid. the system is unsustainable. the debt is unsustainable. the regulation is unsustainable. the irs is unsustainable. so we have a disaster on our hands. this is not a republican or democratic event but equal opportunity republican president would even have a chance to turn it around for save it. i think they could if they were willing to go radica

this supposed to happen when in fact america at this time has 25 million people unemployed and underemployed, a tremendous deficit that we face, our social systems and networks are burdened already and we have many people that we cannot help. what do we do? we take on more people. mr. speaker, i think it's time that we listen to the american people and we listen to what we are trying to do here and that is face up to what we are september here to do and make tough choice is. i urge my colleagues to vote yes on the resolution, yes on the underlying resolution and i move the question question on the resolution. the speaker pro tempore: those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. ms. slaughter: mr. speaker, i request the yeas and nays. the speaker pro tempore: those favoring a vote by the yeas and nays will rise. a sufficient number having arisen, yeas and nays are ordered. members will record their votes by electronic device. pursuant to clause 9 of rule 20, the chair will reduce to five minutes the minimum time of electronic vote on question of ad

1979-2011. 53% of all college graduates in america under the age of 25 are either unemployed or underemployed. 15% of the american population is now on food stamps. the number of americans getting food stamps is bigger than the population of the north east united states, including new york city, boston and philadelphia. the food stamp rolls in america are larger than the population of spain. the number of americans living in poverty, larger than the population of syria times tonight. the number of americans -- 2. bigger than the population of greece. and for any of you who might think, well maybe these numbers existed a few years ago. in 1965, one out of every 50 americans was on medicaid. today, one out of every six americans is on medicaid. the system is unsustainable. the debt is unsustainable. the regulations are unsustainable. that taxes are unsustainable. and most importantly, the irs is unsustainable. it's got to go. so we have a disaster on our hands, ladies and gentlemen, of epic proportion. i'm unconvinced because this is as ziad said, not a republican or democrat event. i'm equal o

they are the folks who are unemployed or chronically unemployed or underemployed and stop looking. if you're talking to job creators and seekers, you are up to 15% of the country. majority oferican -- american households are job holders. they are the ones saying, why do ourave two, three jobs in household. we are not worried about losing or replacing a job, but why is the job no longer enough? it was enough when your grandfather had a job or my grandfather had a job. they do worry about job security and affordability. they look at immigration as one piece of that overall economic equation. it should not just be looked upon in some hermetically sealed issues package. it is seen as part of the macroeconomic picture. survey, itout this is very clear that americans don't believe we have a surplus of jobs. they believe we have a surplus of job seekers. a are competing for these jobs. americans overwhelmingly believe -- americans who are looking for work should have a fair opportunity, if not a preference, to do that work. theurns on its head, cynical meme that immigrants do the jobs tha