but to change to percentage for its with the national unemployment rate.w african-american said the largest increase of the employed adults the largest increase of labor force participation and translated 200,000 fewer unemployed african-americans as we saw it fall. paying attention to the slide full employment creates a tighter labor market with a stronger and faster wage growth. showing that average change immediately what should jump out and that is not a good thing. because wages are declining. the next point i wanted to make is demonstrated in this slide. so what happens with annual wage growth with that the unemployment rate to show since 1979 wages are more responsive to the labor market changes. for example, when the enemy redoubles they declined by eight or 10% from that period of the great recession or recovery but for that 3 percent decline my final play to is a fully implemented is a better target more jobs mean higher wages and that translates into standards. to look over the last four recoveries but to show the average household build 60 perc

unemployment rate. >> well, i don't know a number and i think that you know those who tried to measure it find an awful lot of uncertainty around it. that's one of the reasons that the fed is in some sense groping, and among other things they are paying attention to things like real wages to see if those are responding and that would be one indicator of approaching full employment. but it's -- it's even more complicated than it was before. as annie levin's paper will show. the unemployment rate used to be sort of the only number you had to look at. now there are many dimensions of underemployment or unemployment as the labor market has been changing structurally overtime. so it's much harder to make an assessment. as you know, the fed has modestly lowered recently their estimate of the sustainable rate of unemployment, and i would gather that's mostly in response to the fact that unemployment has fallen quickly. it's reached 5.5%. and so far there's not much indication of wage pressures. but as i said,

i'll take the unemployment rate of 10% five years ago. now unemployment rate is 5%. profits are skyrocketing author these big corporations and big restaurants. i would throw walmart in there. there's been social pressure. they started to raise the wages. these are for the m mcdonald's-owned stores. when we were an economy we had a collective action against england to say we are not going to take this any more. if you pump more money into the back pockets of workers? they are going to spend that money and it will help the economy and help all of us. i don't know why we would be against people making more money. >> john, you have businesses deciding whether to raise wages or the government telling businesses whether to raise their wages. which one is better and what do they do to jobs? >> i think the business knows their own business. a lot of these are franchisees the not mcdonald's-owned stores. they can't afford to pay this. if you are talking about $15 minimum wage in seattle that doesn't play well in biloxi mississippi. it's hard to have a federal minimum wage. i

tom: the unemployment rate -- we have never seen this. guest: i wish the job market was not improving at such the rate. people were still digging out of the problems caused by the 2008 recession. anger: payroll growth -- guest: the market got used to figures in the high 100s. it is strong enough to keep the jobless rate on a downward track. olivia: even the wages -- guest: we have not seen the participation rate. there will be downward pressure on the jobless rate. janet yellen said there was a substantial body of evidence that would say that is a good reason to think wages would rise. olivia: we will be here all morning. you do not want to go away. we are going to turn our focus back to iran. it looks like we finally have a deal. ♪ tom: good morning. a special editions of "bloomberg surveillance." this is a joke. this is one alan krueger joined the administration and the other one that rate deteriorated. i put that in purple so you will not walk off the set. a massive improvement in the own improvement rate. how predictable is this? gues

unemployment.are minutes away from the release of jobs numbers, the last glimpse into the employment picture in britain before next month's general election. let's look at the pound. it is all about wage growth. few have had an increase in salary. that would maybe mean that you would vote for the party in power. look at that pound-dollar 1.4973. we will talk about exports and u.k. employment data coming up next. ♪ just because i'm away from my desk doesn't mean i'm not working. comcast business understands that. their wifi isn't just fast near the router. it's fast in the break room. fast in the conference room. fast in tom's office. fast in other tom's office. fast in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business. built for business. francine: welcome back to "the pulse" live from bloomberg's european headquarters in london. i'm francine lacqua. we are gett

the unemployment figures before the election.t kind of impact does that have on electoral morale? that is what we want to find out. we have the secretary stating work in tensions. we have been talking about the election. how come the -- how come the tories are neck and -- how come the tories are neck in neck? jon: that is from the data we will be watching live today. francine lacqua will bring you those numbers at 9:30 u.k. time. the unemployment numbers have dropped to 5.6%. and 1:30 p.m. london time we are awaiting inflation data from the u.s.. the stock 600 is heading for a week of losses. i'm on twitter @ferrotv. have an awesome weekend. ♪ francine: no special treatment for grace. christine lagarde says she won't support the country with a debt payment. battle for number 10. we get the final jobs data before the u.k. elections. and, the death of tv dinners. nestle suffers from weak sales of frozen food in the u.s. welcome to "the pulse" live from bloomberg's european headquarters in london. i'm francine lacqua.

too many young people were untrained, uneducated, and unemployable. could they get a place at the economic starting line? welfare reform. after 60 years of guaranteeing benefits to welfare recipients, the federal government wants them to go to work. has the new policy succeeded? we are the richest most prosperous nation on earth. yet, in the midst of plenty, great disparities in wealth. "reducing poverty: what have we done?" with the help of economic analyst richard gill we'll investigate that question on this edition of "economics u$a." i'm david schoumacher. there have always been people left out of the american dream -- the young, the old the ill, the untrained. and those who've just lost out in a competitive economy which has losers as well as winners. today we take it for granted that the government has a role to play in reducing poverty and we argue only about how and how much. but before food stamps and public housing before government aid to the elderly what happened when the elderly faced the great depression? i see 1/3 of a nation ill-housed

they go get an unemployment check. suppose the unions are "no, there's something else we can do for you. we can help you. we can bring in specialists. we can help you set up, under the auspices of the union, an enterprise that will serve this community in all kinds of ways. and we will go to the community because we're based in it and urge people to buy from this co-op rather than from where they've been buying. we can begin to develop a network." that's what mondragon did. that's how they grew that way. everybody helped everybody else. i don't know what all the benefits would be, but let me make a suggestion. a labor movement that has been declining without interruption for 50 years better come up with something new because what it's been doing hasn't worked. i'm not being disrespectful. i mean, i don't have the numbers. the graph that i teach in my classes of what has happened to unions is unambiguous. the line goes from here and it keeps going down. it's long overdue to change the strategica, and here's an idea. and

black americans currently face an unemployment rate higher than the national unemployment rate reached during the recession. african-americans are less likely to obtain education beyond high school than white students. they're less likely to earn a college degree. even among college graduates, blacks face worse job prospects than whites. the unemployment rate for black workers with at least a bachelor's degree is 5.2% compared to 2.9% for white workers. 42% of white -- black people own a home. in my state, unemployment rate is 9.9%, the poverty rate for african-americans is 27.5% while for whites it's 12.6%. right here mr. speaker, in the district of columbia the median household income for african-americans is $38,300 for whites and $115,000, 900 for blacks -- for whites, a $77,000. the d.c. poverty rate is 27.4% for african-americans compared to 7.6% for whites. colleagues, these statistics tell the story. these numbers are staggering, troubling and problematic. it's time for renewed focus for blacks in america and a need for real solutions for issues that have plagued our communitie

unemployment rate is 20%, inflation is about 25%. there's $80 billion in currency that's tied up in other countries that they can't get their hands on. look, brenda, these are really horrific numbers. we're talking like depression numbers back from the '20s and '30s in our time. if that hits the country and continues to hit the country, only one thing can happen. the people will rise up and overthrow and put in new government. that's exactly what we want. >> that's the hope for regime change, that that would end the nuclear weapons threat. emily, what do you think? >> look i think there's something real positive that has come out of this. even though the senate, even though senators on both sides of the aisle and actually across the spectrum had questions about how this deal was moving forward to begin with, there's been a lot of cooperation here and they reported out a bill from corker and carding on the right and on the left. 19-0 reported out in a positive vote so i actually think this is really good. everyone thinks the framework

a youth unemployment rate of 10%. how high do you want these unemployment rates to go?o you want to price his low-skill people completely out of jobs? >> what is the alternative then diana? how can lower-paid workers get a share of the growth that people at the top of corporations enjoy? >> by getting more education. a minimum wage job traditionally has been a temporary job. i had a job scooping ice cream at baskin-robins, but i was in school i finished my high school degree i got a college degree. i became chief economist of u.s. department of labor. you have got to get more education, better jobs and work up the ladder. you are only going to earn more if you have the skills to justify that or the experience. so you have start out at $7.50, work hard get a good reference, move on to your next employer. >> you are certainly not an ice cream scooper anymore. my first job was as a barista. diana, thank you so much for joining us. >> great to be with you. >>> aaron hernandez has been found guilty of murder. the verdict came down just moments ago. he stood accused of killin

that's their unemployment rate. >> it's very bad. it's bad for their parents. people are taking all the leftovers. will never leave the house. that will be a sitcom someday. i hope i'm not starring in it. >> is there one thing that keeps you up at night? >> the big thing are these big geopolitical forces. ed got off the air talking about this. what kind of message is the united states sending today to friends and allies and people that have been our adversaries? this sort of mixed message usually leads to something very unexpected. an expression from the school yard. you have to hand check bullies. keep them in their place so you don't have to go into a big hot war somewhere. i'm super worried about that. >> iran is a problem. for oil as well. anthony, great to see you. >> happy easter. happy passover. great holiday. happy spring. >> a fellow italian. this is great. a reminder to listen to lou's financial report three times a day on the salem radio network, everybody. okay. we all make mistakes that work sometimes. of course, we do. one model's mistake cost the

we did see a rise in youth unemployment in italy. ftse unemployment holding on to the flat line. what should we make of this move in european equities? thank you for joining us. >> good morning, seema. >> this recent data suggests perhaps the euro zone inflation inching out of deflation. perhaps a good sign. would you agree? >> i would. our view is economic activity would be picking up today and with the impact of qe you get deflation deflationary expectations and with some improvement in growth and prospects in the pick up in earnings is good for stock markets i think. >> could we also perhaps if we con to see a meaningful rise in inflation get to a headline number of 1% by october and if that's the case how do you position yourself as an investor and especially if we continue to see the euro rise. one of the winning trades is going long european equities and short the euro but it's getting unwound here. >> temporarily yes, largely because of the slow down in the u.s. and shifting expexctations about the rate increase there but it's still likely that rates are going to rise in t

>> the unemployment rate is seen holding steady at 5.5%.average earnings expected to rise by .2%. i was alluding the adp report which mark puts together. which was much weaker. 40,000 weaker. yet the consensus for this didn't come down. >> i think everyone went away. i just don't think they're running their mouths. >> hatzius did. he came down about 20. he came 240 to 220. >> that's goldman. >> let me introduce our other panel of jobs experts. we use that in the loosest way we can. here to preview and react. we've got andy stern here. kevin hasset. and zandi. you don't need any introduction. >> really? >> i don't think so. you gave us the trillion dollar stimulus that didn't work. >> the zandi man. >> that's why we're creating 300 thourkss ,000 jobs a month now. >> we've got one safe bridge left. anyway thanks for the involve ready stuff. i'll tell you what was shovel ready but you needed boots too. >> he has no new material. he's using that one now. yeah. >> he did that and the zombie thing through the last half hour. >> i introduced every

low unemployment. we have done 300 51 economic development projects. six point four $4 billion of direct investment into virginia not that anyone is counting, but that is doubled in a governor in virginia history. with job success of economic development fortunate forged a bipartisan relationship with the general assembly who realized i was creating jobs. we have made tremendous progress in 14 months. i talk about the new virginia economy. it is not only education. we had onerous legislation relating to women's issues when i became governor. we ended that. they were going to shut down 18 women's health clinics, that is gone. i try to make virginia open and welcome to everyone. i was the first southern candidate to come out for gay marriage. i have an executive order allowing gay couples to adopt. i'm the first governor to perform gay marriage and the sky did not fall in. if you want to come to virginia, start a business, we want you. to make it open and welcoming. we face challenges historically, and virginia on education. i recognize we have a lot to

if you look at unemployment. unemployment rates continue to come down, and there's going to be bumps up and down, but i feel as though what we have done is the economy that -- the foundation of our economy is far stronger. if you look in the 90s and 2000s, a lot of our economy was built on bubbles. tech bubbles housing bubbles. we're not sitting in an environment of bubbles. these are far stronger foundations of our economy. very hard. we all know we either have our own kids or friends with kids or our peers peers peers who have been laid off or had a hard time finding a job. it's getting better and better, and it's not even across the united states but it's much stronger than it was. we still do not have the kind of growth in the housing industry we should. we still are not -- we have not invested in infrastructure the way we need to. that would be a significant impact on our economy. but we -- congress has not made that commitment yet and we need to. we have two to three trillion dollars of deferred investment.

and consumer and customer get feel better about the economy. >> joni i can handle a higher unemployment rate. last year 3.1 million jobs create, a study said 1.8 million people because lost their unemployment benefit, guess what, they found a job. >> the key is people coming back to the workforce. that is what the fed is watching, we need to look at the size of the workforce it has been shrinking, labor participation is a big part of that. do you know people feel optimistic. those will be things to look at. charles: jim talked about market being fixated on one area. i am not sure that the market knows what it wants. there is a camp that is worried about this, a camp worried about that, and a camp worried about this other thing. everyone is taking a wait, and see. >> and my camp, i don't care, as long as the market goes higher. volatility in the market that increased. from top to bottom 1.1% is average move in s&p. highest in quarter since 2012, we're seeing bigger swings, to me, i thought we were going to be down today, i would have put monoit. i was not making any big bets today going

workers especially african-american workers and other minorities suffering from high unemployment. he says, "those citizens who are suffering from high unemployment and low wages have their rights undermined when the president ignores plain law that protects them from an excessive surge of illegal workers." so at her confirmation hearing i asked ms. lynch about what she might do to protect the rights of u.s. workers. by the way the attorney general holder our current attorney general, astoundingly in comments he made some months ago declared that there is a civil rights to citizenship in america for people who enter the country unlawfully. how can this possibly bethat the attorney general can get so removed from his responsibility to enforce the law that he says if someone comes into the country unlawfully, they have a shifl right to citizenship? so that was part of the reason i asked her this question -- quote -- "who has more right to a job in this country a lawful immigrant who is here or a citizen or a person who entered the country illegally?" ms. lynch: "i believe the right a

and france is suffering from near-record unemployment.igures show the country has seen job vacancies increased, at new percent -- of 2%. science and technology has the most openings, 450,000 companies are looking to hire 1.7 million people. barbie is 56 years old. the doll accounts for a quarter of mattel's sales. popularity is dropping and she is facing competition. mattel saw sales drop for the sixth quarter. global figures are down 14%. makes some wonder if barbie needs a makeover. ♪ a new report looks at the best and worst jobs of this year. if you like crunching data, your future is bright. if you like chopping wood, taking orders or being on a deadline, consider a career change. this comes from career cast.com. the top spot went to actuary, strong growth expected. in part because of the implementation of the affordable care act or obamacare. the rest of the top spots are people who are good at math or spreadsheets. the worst jobs, these are based on income. if you look at that, photojournalist, broadcaster and newspaper reporter. ve

unemployment rate. not all advanced degrees are created equal. mid career salaries and projected employment growth, topping the list was physician assistant studies with a median salary of $9,750. and a 38% projected job growth rate over the next decade. those with engineering degrees earn over $100,000 by mid career. advanced degree in political science could be worth $94,000 mid career and a field that is likely to grow 21%. 10.7% of california residents hold advanced degrees. now the big question. are you ready to >>> coming up tonight at five apple's new spaceship campus. a felon free zone. the test giant bans convicted criminals of doing construction work while some fear it's a dangerous process. >>> and tonight at 5:30 a little ncaa basketball final. a little rain, too? >> rain tonight before midnight. overnight hours as well. >>> thanks for watching. have [music] i love my sister. my heart doesn't see race. love is love. >> maya: i am proud of who i am. >> nicole: but not of who you were. myron -

workers especially african-american workers and other minorities suffering from high unemployment. he says, "those citizens who are suffering from high unemployment and low wages have their rights undermined when the president ignores plain law that protects them from an excessive surge of illegal workers." so at her confirmation hearing, i asked ms. lynch about what she might do to protect the rights of u.s. workers. by the way, the attorney general holder, our current attorney general, astoundingly in comments he made some months ago declared that there is a civil rights to citizenship in america for people who enter the country unlawfully. how can this possibly bethat the attorney general can get so removed from his responsibility to enforce the law that he says if someone comes into the country unlawfully, they have a civil right to citizenship? so that was part of the reason i asked her this question, "who has more right to a job in this country, a lawful immigrant who is here or a citizen or a person who entered the country illegally?" ms. lynch, "i believe the right and the

and you know what, when we talk about the unemployment rate we don't ever talk about the unemploymentn community and the latino community, and when we talk about difficult moments in a city we don't often talk about the people that live in the basements and are the ones that builds the building. >> and the ones that have to keep the building going. and many times get blamed for the condition of a building that they don't have access beyond a basement. all of these things must be put on the table and they've got to be dealt with. otherwise we're looking for band-aid treatment rather than the cause of the ailment. and that's what i'm going to deal with as i go into the day. and it's easy to take shots at this mayor. it's easy to beat up on this woman. the fact of the matter is, she's right, we don't know what she knows, we don't know what she's dealing with and we need to help her restore a situation, but at the same time we need to deal with the social order that she's got to govern which is hugely high unemployment and a whole infrastructure that has not been dealt with. now you got t

unemployment seem unchanged.ching the average hourly wages, 0.2% compared to 0.1% in the prior month. but just when it looked like growth clearly softened along come three data points just in the past 24 hours to muddy the picture a little bit, want to show you what they were. auto sales beating expectations. the trade deficit you're talking about that that's a positive for growth, whether or not it was infected by the port. we'll have to see jobless claims also. really low numbers there. 268,000. here's some of the commentary i'm reading before the report comes in. "we can't keep getting reports like this showing current labor market conditions are at full employment and have the fed maintain that there is something wrong out there in the economy," that's bank of coketokyo. "the fed continues with the mantra that there remains slack in the labor market but these data suggest that any such slack is evaporating quickly." another from morgan stanley. guys, i'll tell you what my number is. i ran the model and it's a

the national unemployment rate is currently at 25%, but in some townships, it is as high as 75%. often, it is service delivery protest that suddenly take a turn, and crowds vent their anger against foreigners. they easily become scapegoats for angry and frustrated south africans. >> what about the people who could change things at least in the near term the politicians? president zuma has condemned the violence against foreigners, but it does not seem his government is doing a whole lot to stop it. >> they are not. there's not much happening. president jacob zuma has spoken out days after five people died. this is considered rather late by many in south africa. clearly, the south african government is lacking strong leadership, which is sad. what is the government doing? not much except for ineffective areas -- affected areas so-called hotspots. today, african diplomats and the government came together to discuss the situation, so compared to 2008 win 60 people died in xenophobic attacks, this time, the pressure from outside is rising. malawi and zimbabwe started evacuating citiz

neil: all right, so professor, if you had a real unemployment rate, you say about 11%. how does that compare to other differences we've seen in the data before? and how that divergence between the established report the one most quoted and the one you alluded, to how bad is it? >> the unemployment rate that's going to be announced tomorrow will be in the range of about 5.5 5.6%. neil: right. >> the unemployment -- the actual rate, if you want to look at it another way, the looseness in the labor market is much closer to 11%. there's a reason for this neil. the reason is it's a concept and measurements we're using today were developed roughly 80 years ago for a very different kind of economy. it was much smaller. it was a goods production industry, a manufacturing and construction and agricultural economy. neil: nothing machiavellian going on as you stressed in the past. i'm wondering the gap, has it ever been this pronounceed? >> not that i'm aware of, no. neil: what does it tell you if it could explain the anemic nature of the recovery, what else? >> it helps to explai

make it matter. >>> bad unemployment numbers today. u.s.g black own the number of workers they're hiring. the labor department reports employers added 126,000 jobs. the fewest since december 2013. the feds say the unemployment rate did hold steady at 5.5%. economist say for the past few months higher had -- hiring had been stronger and a pullback in job growth was bound to happen. looking at the wall shows the unemployment rate of the future work force. people 25 and older who hold bachelors goings. that rate is now at its lowest point since the great recession but 2.5%. lauren joins now, a certified financial planner and a personal finance contributor. those original numbers don't look right. what's happening? >> basically what is going on is we're seeing -- well, i guess the main thing is uncertainty. we don't know if this is a fundamental issue or a transient issue. we had severe weather and employment set backs, some things that could contribute to it so may not be cause to worry. >> i got your name wrong. lauren lyons cole. the volatil

we have an unemployment rate of 5.5%.look at college graduates, the unemployment rate is 2.5%. so the pressure is going to start to build. i'm not saying we're going to have runaway inflation but i think the concerns about deflation i think they don't make much sense. olivia: is this a one-way track, is the fed concerned about stability? martin: the fed is not concerned about financial stability, or if they are, they're keeping it a secret because it's not in anything that they talk about or write about. so they are basically focusing on driving down the unemployment rate. now at 5.5% to under 5%. that's not sustainable. tom: within the date, professor feldstein is the idea of what any central bank should do taking as a whole dragi kuroda yelling and the others, when they become more prescriptive, what's the best way to get the rates up, get them there quickly or a measured manner? martin: getting them there quickly could be destabilizing and is important to get them with started with the process and start moving those ra

one staked his political livelihood to bring down the record high unemployment. he said the government has done its part and it's time for the private sector to step up. tom waterhouse has the story. tom: it was most surprised the french president shows a visit to this vactry in northern france to celebrate the fact that country's economy is forecast to forge ahead. >> our very economy is recovering. the figures published this morning confirms that but it's recovering slowly. wrer talking about a growth rate of more than 1% in 2015 but we should have bigger ambitions and we need more than 1% growth to create jobs. tom: the figure from france's national statistics bureau show the economy will grow by 1.4% in the first quarter and more in the second. they won't be enough to drive down unemployment levels set to hit a 17-year record high of 10.6% this year. hollande says he won't seek re-election if he can't help that trend. on friday he announced a new three-point plan to boost private sectsor investment. including additional loans and tax breaks. the national stat

workers especially african-american workers and other minorities suffering from high unemployment. he says, "those citizens who are suffering from high unemployment and low wages have their rights undermined when the president ignores plain law that protects them from an excessive surge of illegal workers." so at her confirmation hearing i asked ms. lynch about what she might do to protect the rights of u.s. workers. by the way the attorney general holder our current attorney general, astoundingly in comments he made some months ago declared that there is a civil rights to citizenship in america for people who enter the country unlawfully. how can this possibly bethat the attorney general can get so removed from his responsibility to enforce the law that he says if someone comes into the country unlawfully, they have a shifl right to citizenship? so that was part of the reason i asked her this question -- quote -- "who has more right to a job in this country a lawful immigrant who is here or a citizen or a person who entered the country illegally?" ms. lynch: "i believe the right a

when you have high unemployment you have low graduation rates, you are starting to see the formationf challenging circumstances, especially when it's steeped in poverty. so we can do something about those issues on the local level, on the state level and on the federal level. we can unleash american capitalism in such a way it helps to become headwinds to things that are destructive. we can be a force for good. >> senator tim scott, thank you very much. >> yes, ma'am, good to be with you. >> woodruff: now, the view from the neighborhood where freddy gray lived. pbs newshour special correspondent jackie judd has spent the last few days trying to understand why gray's death has sparked so much rage. >> reporter: baltimore often lives up to its nickname of charm city. but after a week of peaceful protests, baltimore is now showing itself to be an angry and volatile city. >> baltimore, we don't have a good relationship with the police. they whip our ass every day. this is nothing new to baltimore. >> reporter: freddie gray's videotaped arrest april 12, and his death a week later from a s

it's what many would say is due to underlying problems of unemployment and poverty. and has been condemned by the south african government an many civil society leaders. and really a flare-up and a trend that we have seen over at least ten years. >> srennivasan: the people that are being attacked where are they from? >> zimbabwe in many cases maliwe. mozambique many from nigerian. a few other african countries. sometimes they are fleeing conflicts and violence in their homeland. sometimes they are economic migrants. >> srennivasan: how about is the unemployment situation in south africa that is prompting some of this violence. >> the official unemployment rate is about one in four people. most experts would say that is actually an understation it is closer actually to one in threement and the worst affected of all are younger black people where some estimate half. >> srennivasan: this has also prompted a reaction from south africa's neighbors. tell me a bit about that. >> yes, there has been demonstrations at several south african embassies around africa, there has b

the unemployment rate of 5.5% is very good. what's unprecedented and i think what austan can evade is the fact that we bled people. we should have 9 million more people on the labor force than we have. why aren't they there? and i think you have to go to the policy environment. not the fed. the fed just can't keep stimulating. our economy is overstimulated and overperforming. there is something wrong with the regulatory environment. liz: austan? >> that's confused. you see the same pattern take place and people dropping out of labor force in the advanced economies of the world, including ones where they did not have presidential elections in the years we had, and the labor force participation rate of man in the united states has been falling steadily for the last 45 years, there is something going on, but it is very substantially a big demographic change in the united states. so the labor force participation is the weakest part of the job market, but i think the data do not back up anything. liz: i would love to have you both b

the government says it will tackle the root cause of the problem, poverty unemployment and immigration. but analysts say the government has failed so far. >> the number of people living in poverty is now about 53% of the total population. the number of people who are unemployed is higher than it was in 1994 at the end of apartheid. the level of protest is increasing the trend is up wards being whether we are talking about strikes or whether we are talking about community frosts. the basic problems are not being addressed by the government. which is becoming increasingly unpopular and out of touch with oater people. >> reporter: he describes how he feels when he walks through the neighborhood in which he works. >> translator: i know the people i work for are very rich. it's painful to return every day to my place in alexandra. but i have no choice. it's a better life than the life of crime. >> reporter: for him and millions of people like him a meaningful change in post apartheid south africa is yet to come. charles stratford, al jazerra johannesburg. >>> hundreds of people have been ra

this unemployment number. the unemployment is about 11.6%. have so many people who've not filed. they are so disenfranchised now. host: let me ask you, what do employers say to you when they are doing interviews? what do they say about your resume? caller: my resume is fine. we will call you back. i think they have an agenda to get a younger worker. i'm 53 years old. they have an agenda to get a younger worker. one that they can train. as opposed to someone who has experience that might be not easily controlled, set in their ways. i really can't put my hand on it. i just need work. for someone to go to college and travel around the world, and then have to come be a moving man, apply at walmart, when you have an education. i used to be a schoolteacher also. it's not like the labor force has people that need training. they just need people who have jobs, good paying jobs so they can take care of their family. host: go ahead. what did you hear there from kevin? guest: i heard a ton of different things. i think he is in a situation that is unfort

and the lows -- they have the lowest unemployment rate. but those statistics are rarely put out. host: all right, let's get a response from our guest. guest: we are looking at including asian statistics in our reports in the future. the data port agents is not as easily or read of the available as it is for african-americans whites, and even recently can we get the type of data -- really look at 300 datasets for our report for the latino community. there is no doubt. yet, look, bringing something to the table. everybody brings their god-given talent, their hard work, the responsibility to the table. many of the unemployed people in the country are people who were employed, who do have skills for whom the structure of the economy has affected them. we had a lot of manufacturing jobs in the midwest. people who would trained to work in that sector, who had careers in that sector when the economy retracted, many of the jobs moved into other regions of the country. they moved overseas, and many of these individuals were left, if you will, holding the bag with no opportunity, finding t

mark: we have an unemployment rate in the 5.5% range. is this why the fed lowered its range on the non-accelerating inflation rate of unemployment? tony: it's not really clear. for four years, the fed cap the range at 5.2% or something higher. it never lowered the lower end until recently. it seems that because of low inflation pressures and a lack of wage increases, it seems where it is companies decide they have to get more to pay workers is a lower unemployment rate that has been the case historically. importantly, the fed's staff said they expect growth this year and next year to be above potential, which is another way of saying the rate will fall at the beginning of next year and it will be a great thing. but the reason to get off the emergency policy rate it will remain accommodative for years and below what is normal for a given level of the unemployment rate, but it is no longer needed, the fed believes will stop -- the fed believes. mark: up next, live from mexico city, the latin america report. ♪ mark: welcome back. you are lo

we saw in 2014, the unemployment rate fell in every state of the union.uide people to indeed.com, might they find a job there? >> absolutely. show them the way. liz: tara sinclair, chief economist. she said there are jobs out there. david: i want to move the market to austin, texas. particularly after that winter in the northeast. >>> they used to be some of the most coveted jobs in chicago. working for oprah winfrey at harpo studios. liz: now the studio is closing. hundreds are people are out of work starting today. jeff flock is live at harpo. the end of an era. oprah is moving operations to california. what's the mood? >> well, you know, not as negative as you might think, as i report to you from oprah winfrey way here. she was a legend here, when you think back to what all of this was and what she did for chicago, tremendous. take a look back at oprah back in the heyday. remember when she shed 67 pounds? today, as you report, she's shedded 200 jobs. they are moving out to the west coast where the own studios are based. oprah joins the ranks of the fam

also, the labor market and also high unemployment. this undermines the nation. what happens after that you can only imagine. mark: lawrence cramer joining me in studio. thank you for your time. -- mortiz kramer. if you are looking to sell a home to the 30 plus something crowd, you may find a height -- hard to find a qualified buyer. ♪ mark: welcome back. rescue crews continue to search for survivors and bodies from what could be the mediterranean's deadliest migrant tragedy ever. reports of at least 700 debt are confirmed. the weekend shipwreck would bring the number of migrants who have died or disappeared in the past week to well over 1000. european union leaders said they would hold an emergency summit to address the crisis. in china the government has taken another step to jumpstart the economy. it has cut the amount of money lenders must set aside since the most -- to the most since the financial crisis. the move took effect today. last week reporting the split was economic growth in six years. chinese stocks were down after a delayed or slid cut leverage t

>> we need to continue focusing on education and poverty and unemployment.t these things all the time, and for some reason that message has not reached pennsylvania avenue and north avenue and the unemployment rate at 50%, anywhere else in america those numbers would be absurd and i am not here to make an exsluice for bad behavior because looting and stealing that's criminal and the sad part about it is we had protesters that were focussed on a real important issue like police brutality, and it overshadowed the more important issues. >> that's exactly right. you heard what that one lawmaker said he said that the thug word is just like the "n" word. >> it's not like the "n" word in my mind and that's not an accurate description and it has been rationized across america, so i can see why people can be offended like that. >> and evenother people say if you are committing violent criminal behavior it doesn't matter what color you are, you are a thug? >> these were young juveniles. in my mind i don't see a 16 or 17-year-old as a thug. i have seen thugs, and they

dropoff of unemployment change of 8,000.od as many expected but the unemployment rate stays at a record low of 6.4%. that is some strength in that labor market hans. hans: 6.4%. that is what was expected. no movement there. the fact that the number came in lake-effect lower, people dropping off the rolls, that could be a little bit disappointing whsm when you compare the german market to the spanish, italian, it is a much healthier labor market. they fundamentally changed the dynamic here. stick with the program. stick with austerity. balance your books. pay your debt. that's what you hear from angela merkel and her partners. jonathan? jonathan: it echoes around germany. thank you very much. 56 minutes into the session here in europe. let's bring you your market check. it had been a selloff in the first hour of trading in the equity market. the dax goes .5% lower. switch up the boards and bring up the euro. euro/dollar goes higher in that german unemployment number. it stays higher. after all of that weakness in the first th

we will be creating unemployment. mark: the 2015 milken institute global conference is underway in los angeles. the four-day event brings together leading thinkers to exchange ideas and challenge each other to affect change. erik schatzker and stephanie ruhle are there joined by steve schwarzman, chairman and ceo and cofounder of blackstone. erik: thank you. steve is sitting right here. thank you for spending time with us. in some respect, this celebrates a culture of risk taking. your firm is in the business of taking risk, high returns for low risk. where do you feel best about taking risks today? >> there are a variety of different places. if you are buying fixed income instruments, that is a good place to be. if you are buying real estate in a variety of places, that is a good place to be. if you are finance energy company is that have a need for money, and you can make a satisfactory arrangement, that is a good base to be area there are always many good places to be. .: how many satisfactory places have you found

ten years on unemployment is still bad.eporter: the round trip can take up to three hours so his journey on foot and then by a bus and two metro trains starts early. she lives just a few kilometers from central paris but it takes time to cross the city. >> when it comes to work it's a problem because employers can say you live in the suburbs. i don't know if you're going to make it in time. >>reporter: and the lives of those living in central paris can sometimes feel like worlds apart. nowhere is that clearer than in a suburb about 15 kilometers away. unemployment here is four times higher than the national rate. people at times feel pinned in by poverty, prejudice, and a lack of opportunities. poor transport only fuels those feelings. >> some people feel they live in a sort of ghetto because they can't get out. they can't access. psychologically it's a big thing. >>reporter: some are pinning their hope on a new transport product. >> this is the extent of the building work on this new tram to central paris. for many living

youth unemployment has come plummeting down. if we stick to the economic plan that's working, we can continue to get unemployment down and give young people what i want which is the opportunity of an apprenticeship or university place and the chance of a great career. starting a life on benefits, frankly, is no life at all. >> can we come back to the question that the man here asked, that either you don't know what you're going to do -- you specified getting people back to work -- out you do know and you're hiding it. you know alexander said today you asked two years ago for a thing that included massive cuts in child benefitses >> these were proposals introduced that i rejected then. >> you asked for them. >> i didn't ask for them. >> where did they come from? >> in government, people produce -- look, you remember, step back a second, what we inherited. i became prime minister at a time when there was no money left. and i bring this with me everywhere. the notes that the treasury minister left. and there it is. dear chief secre