if we want to change the perpetual underemployment of black people in this community you need to change and come up with a new radical political culture. i hope you will do that and i want to support it. thank you very much. >> thank you, sir, thank you for being here. >> good afternoon, supervisors, madam chair kim, my name is don marcos, director of mission hiring hall and i want to congratulate all the appointees by the mayor to this important commission. first and foremost, the honorable dar sing who i have adopted as my community dad. his intelligence and vision is not obvious in what he says but how he assesses things and how he acts on them. he is a kind and very, very conscious man who is community minded. maridol salas, when we celebrated our 40 years her name came up. she was referred by a nonprofit law firm and ignited a fire in her heart and now runs her own firm and has made a lot of contribution in the work force hiring local residents. miss johnson, i am a co-member in the tax credit investment board advisory committee, energetic and driven as she looks. miss mondahar, a

underemployment still high. 14.4%. some call this the real unemployment rate. it's almost double what that headline number is. another big problem. let's look in the sectors that are hiring. retail jobs. 53,000. all of those retailers hiring up for the holiday season, but many of those jobs are temporary and it's kind of hard to send a kid to college on the -- many of those retail jobs and there aren't always benefits. some place where they are benefits if you look into these numbers, you can see that business and professional services, flip the screen guys, business and professional services, 43,000 of those. the government pointing out that computer systems analysts and related fields have strong demand and good pay there. every month, you're looking backward. the trend is important. two years now of jobs growth, but look at how difficult it has been to stay above 200,000 jobs per month. it gets up there one or two months, then can't quite stay up there. we need to see next year, some better jobs, durability of this for next year. >> this report was supposed

underemployment still high. 14.4%. some people call it the real unemployment rate.t's almost double what the headline number is. another big problem. let's look at the sectors that are hiring. retail jobs, 53,000. those retailers are hiring up for the holiday season. many of the jobs are temporary. it's hard to send a kid to college on the job -- many of these retail jobs. there aren't always benefitses. some place there are benefit ifs you look at the numbers, you can see business and professional services. 43,000 of those. computer systems analysts and related fields have very strong demand and good pay. let's look at the trend. the trend is important. two years of job growth. look how difficult it's been to stay above 200,000 jobs per month. it gets up there a month or two and can't stay up there. we need to see next year some better jobs durability of the recovery. >> this report was supposed to be weak. super storm sandy, a number of labor disputes and layoffs. the fiscal cliff. we were expecting the unemployment number to go up from 7.9 to 8%. it went down to

paying than the jobs lost, and we look at this thing also called the real unemployment rate, underemployments 14.4% in november according to the government including unemployed, working part-time who want a full-time gig and other satached to the workforce. here for advice, carolyn, long-term or under employed, how can they brand themselves for a fire hiring boom in the next few years? >> have a story apart from job search. employers want to see you're busy, staying active and current, still in and around companies and other people. you want activity, whether it's projects or research you're doing. >> fill the gap on the resume with peoples names who you meet. >> stay in the professional groups. remember, mine orpty, women's group, even if you don't have a job you'refantastic way to network. >> and find a nonprofit that can use whatever skill it is you want to be using in the private work force. whether it's planning parties or being their accountant or building a new web page or designing offices, you go to the job interview and say, yeah, here's the web page that i designed. you've got a l

work for six months or longer, something we need to fix and something else we need to fix, the underemploymentate, 14.4%. those are people who are out of work or working part time and would like to be working full time. again, another number we have to fix. i want to show you where the jobs, are pretty important to look at. 53 retail jobs added, likely holiday hiring, no question, but some of these will be temporary jobs and not all of them are paying benefits or full-time. looking further, can you see professional and business services, 43,000 jobs created there. the government pointing out computer system analyst and related industries very, very strong job growth there. another reason why stem pays. this is the trend because we always look at these numbers in, you know, context for where we've been. the recession, millions of jobs lost and here is what we've been doing month after month, putting together two full years now of job growth. i want to bring in ali velshi. since the beginning of the year job growth has averaged 151,000 a month. >> yeah. >> economists say we need that and more to

un >> reporter: the so-called underemployment rate dropped ncludeonth to 14.4%. that includes those who have given up looking and those forced to settle for part-time work. overall 12 million people are unemployed. a pelley: anthony, thank you. there may soon be a lot of hiring in the northeast. president obama asked congress ssday for more than $60 billion today p states rebuild after superstorm sandy. in new york city, a jury deliberated more than a week in the trial of a bus driver accused of being so tired, he caused a crash that killed 15 of his passengers. today came the verdict: not guilty. and michelle miller tells us the driver is a free man tonight. .> how do you find the >> hndant, guilty or not guilty? >> not guilty. t reporter: the bus driver wept veen he heard the verdict. ears ill williams could have faced 15 years in prison. hisas driving 32 people from a connecticut casino to new york's chinatown when his bus hit a guardrail, toppled, and was torn open by a signpost. williams claimed he'd been cut off by a tractor-trailer. investigators found no

one of the things that has been difficult and the underemployment and jobs folks qualify for. richmond build helps give them them references. i think the hourly wage for a grand jury -- from a graduate from this program is $18. a portion of every dollar they're earning is coming back into the community. >> how do you balance the need for getting some of these people who don't have jobs, who don't have any schooling getting them a job while there's so many other people looking for a job as well? >> the very cool thing about richmond build is they are more everybody. somebody looking for a change, maybe they did a great job and earned a lot of money. now they need to look at where the economy is growing. for example, whole foods warehouses is coming into the richmond area. that means warehousing is a huge component. rich they will -- richmond will be helping put together a training program. you can be certified, have the job experience, have the references you need to get one of these jobs that will be available. >> just to make it clear for people, this is called richmond build

to the right of your screen, 14.4% underemployment. some people call that the real unemployment rate. means a lot of people are still hurting or have been left out of the market. clearly you do have an improving situation here, improving but still leaving some people behind. this is what the trend looks like. this is the big drought of jobs, financial crisis here, slow attempt to get out of the hole. we want to see 150,000 jobs created or so every month to keep up with the growth in the population of the united states, working age population. you can see the last three months a little bit of an advance each of those months. when you go inside the sectors you can see where we saw some growth, overall transportation, housing, retail jobs of 53,000, probably holiday hiring, leisure and hospitality, health care jobs. that's an interesting part of the mix, too. computer systems analysts, when you dig into this number, the government saying that's a very good part of the job market and adding health care jobs overall. we've been adding healt

those who are already struggling with unemployment and underemployment will find themselves victimizedven further. it's almost as if you're saying to those who are on the jagged rocks of unemployment, the jagged rocks ever limited opportunity, what we are going to do is ensure now that we just i guess take it as they did in the old road runner cartoon, where they had a boulder to go over the cliff. you're already over the cliff, but now a boulder comes over to ensure that you're smashed. and again, i'm not engaging in hyperbole. i'm asking this nation to check its conscience, to check its soul because we are not just talking about doing something that will hurt those who are wealthy. we're talking about the rest of us sacrificing for the rest of us. and again, we're talking about those who suffer in minority and african-american communities, those who all too often have been ignored or have been used as political pinatas. >> all right. you see why he has over 20,000 members there at friendship west baptist church. the reverend dr. frederick haynes. thank you so much, my friend. >> than

it is, we have 15% real unemployment or underemployment in america. we've got to create millions of jobs." that's what working people are saying, but the big money interests are saying, "oh, we've got to cut social security. we've got to cut medicare. we've got to cut medicaid." there is no other option. so i give you that just as an example of how corporate media throws out one set of ideas, where the american people are thinking that jobs are probably more important. >> it has probably not escaped your attention that the mantra "fiscal cliff, fiscal cliff, fiscal cliff" is played out every night on the evening news and the corporate news. what does that say to you? that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan and didn't pay for it, i didn't hear from any people in the media complaining about that. what it tells me is that behind the corporate driv

if you look at you 6 underemployment which is not susceptible to labor force participation effect yougone from a peak of 17.2% to 14.4%. shows this economy is healing itself. the fed doesn't need to add more fuel to a smoldering fire that will erupt in inflation at some point in time but like everyone else on this and we does seem like they're going to placate the markets by doing more easing. cheryl: you have the dow up five days and our seven points. the only what we here at the bottom of the hour is going to dictate what these markets do and you never know what is going to happen. our panel will be staying with us and bring all of you back in just a bit for a little bit more because we now have 23 minutes to go until the fed's latest move on the economy. charles payne, sandra smith, david asman later in the show with what they want to ask ben bernanke at the news conference in a couple hours. dennis: john boehner talking down the president's fiscal cliff plan. are the two sides closer than they're letting on? cheryl: jeff flock was already talking about the action this morning in t

the underemployment rate 14.4%.ber of people who are out of work or are working part-time, but would like to be working full-time. people who are not fully, fully employed in the labor market. 14.4%. sometimes that's also called the real unemployment rate. let's look at the sectors. you can see here 53,000 jobs created in retail. those are likely. some of them temporary jobs for holiday shopping season, so those are not necessarily a sign of a durable recovery. many of those are temporary jobs. i want to look over here at professional and business services. 43,000 jobs created there. the government pointing out in its report that computer systems analysts and related fields are showing strong, strong demand and strong growth. those fall right there in that business and professional services. breaking down the different worker groups, 6.8% unemployment for whites. 10% unemployment for hispanics. unemployment fell just slightly to 13.2%. you can see that structurally there are some big, big disparities between the dif

many commerce are still fighting unemployment or underemployment or have become unemployed or have unpredictableloyment possibilities coming forward and lack the cash flow to sustain payments even the modified ones. so to help the customer get the right seclusion even if that means transitioning to rebel. 40 op. forclosures sales the property is actually vacant so we also must become more efficient on how we move those homes back into the system. so we get them useful again. getting vacant properties back on the market as soon as possible makes it better for neighbors who don't want to see vacant properties. when a home is taken possession by us, we sell it within 60-90 days and others who donate rehabilitated vacancies. we partnered with habitat for humanity. and we have committed to donating over 1,000 properties to those focused on returning military. we have completed 150 donations to army specialist sler know who suffered serious injury in his last tour of duty in afghanistan. he and his fiance credited the new home with providing the fresh start they and their family needed. so when we thi

look at the right side on that graphic, 14.4% underemployment.centage of people working, eligible in the work force, 63.6%, you want that higher, too. >> we also learned about 350,000 people last month simply gave up and stopped looking for work, and that potentially caused that little drop in the unemployment rate. >> that's right. that's important to note, too, 350,000 gave up working. these could be people that are retiring early, taking early social security and they're getting out of the labor market. it could also be people, wolf, who have been on extended unemployment benefits, they roll off the benefits, try to find work for a couple months, they don't, so they drop out, too. >> are the november numbers part of a trend we've been seeing? what does this portend down the road. >> you have on average 151,000 jobs a month, the monthly average. the last couple months before now were revised downward. you look at the right side of that big chart, you can see we're slowly digging our way out of that big sea of red, but we need to see jobs sustai

many commerce are still fighting unemployment or underemployment or have become unemployed or have unpredictable employment possibilities coming forward and lack the cash flow to sustain payments even the modified ones. so to help the customer get the right seclusion even if that means transitioning to rebel. 40 op. forclosures sales the property is actually vacant so we also must become more efficient on how we move those homes back into the system. so we get them useful again. getting vacant properties back on the market as soon as possible makes it better for neighbors who don't want to see vacant properties. when a home is taken possession by us, we sell it within 60-90 days and others who donate rehabilitated vacancies. we partnered with habitat for humanity. and we have committed to donating over 1,000 properties to those focused on returning military. we have completed 150 donations to army specialist sler know who suffered serious injury in his last tour of duty in afghanistan. he and his fiance credited the new home with providing the fresh start they and their family needed. so when we