unemployment in youth unemployment internationally look at the map of europe as well the c grade variations use it much lower levels in scandinavia time high levels in transport works in spain italy and wanted one of the differences is that labor markets are more flexible in scandinavia and they are in france and italy for example and you tend to have. in both france and italy. come by for canada's labor market where you have some people have salaried jobs which are extremely protective it's almost impossible to fire someone. and then very precarious internship stages i'm contented precarious contact outs for the younger people which don't really get into the employment market and this is a serious way and so i do think that the nie would necessarily push the country estates where we have here a rather brutal. youtube which you kill labor markets american detainee this isn't necessarily where you are points to go. but more flexibility on it. we hand him the ability to fire someone who is performing well seems the basic cut crystal garden that i knew absolutely right we will talk about europ

report plus prison inmates cheating the system for millions of taxpayer dollars we'll tell you how unemployment money meant to help those in need is actually going to people who are locked up. it's thursday november seventh four pm in washington d.c. i'm meghan lopez and you are watching r.t. well starting off this hour it's one of the discussion. world leaders one huge leap forward when it comes to ending the nuclear standoff between the u.s. and iran p five plus one negotiators from the u.s. iran britain france germany russia and china met in geneva today for the first session in a two day meeting the goal is to come up with a framework to deal with iran's nuclear program and to limit the country's ability to create weapons this meeting is monumental in importance not only because of the nuclear implications but also because of the warming relations between d.c. and tech ron with the country's new leader hassan rouhani to talk more in-depth about all of this i'm joined now by brian becker he's the national coordinator at the answer coalition thank you so much for joining me first of all let's

four plus president mates cheating the system for millions of taxpayer dollars we'll tell you how unemployment money meant to help those in need is actually going to people who are locked up. here thursday november seventh a pm in washington d.c. i'm not going lopez and you are watching r t well starting off this hour it's one small discussion for world leaders one huge leap forward when it comes to ending the nuclear standoff between iran and the u.s. p five plus one negotiators from the u.s. iran britain france germany russia and china that in geneva today for the first session of a two day meeting now the goal is to come up with framework to deal with the wrongs of nuclear program and limit the country's ability to create weapons this meeting is monumental in importance not only because of the nuclear implications but also because of the warming relations with between d.c. in tehran with the country's new leader hassan rouhani now just to underscore how important these talks really are u.s. secretary of state john kerry is on his way to geneva in a last minute decision to join the. station

last month the unemployment rate was 7.3%. in my state, as i've noted here before, the unemployment rate is down to 5.1%. so let's look at another measure of the economic progress. the number of unemployed workers per job opening. in 2009, there were nearly seven unemployed workers for every job opening. there are now about three unemployed workers for each opening. almost back to the prerecession ratio of two unemployed workers for every job opening. in addition, while economic growth has been slower than we would like, the overall economy has grown for ten consecutive quarters, growing at an average annual rate of 2.4%. we are also seeing promising signs of growth in critical sectors like the housing market, single family home prices are up more than 10% from a year ago. housing starts are up across the country by 19% from august 2012 to august 2013. these are positive signs, but it's clear there's much more to be done. we need to focus on policies. what we've often done in this committee on a bipartisan basis, policies that

elevated unemployment, below target inflation the harmful effects of long term unemployment and economic potential also pose significant costs and risks. and the committee has thus far judged that the balance favors the use of lsaps. between november 2008 and june 2012, asset purchase programs. in each case, like the use of date based forward guidance, announcing a program of predetermined size and duration has advantaged and disadvantages. a program of fixed size cannot so easily adapt to the changes in economic outlook in the need for policy accommodation. in announcing its fixed size programs, the fomc did state a general willingness if needed and indeed has followed through on that promise. such statements left considerable uncertainty in an existing program or the introduction of a new one. in a step roughly analogous, in september 2012, they announced the size of the program would not be fixed, but linked to the committee's objectives. in particular, the committee initiated purchases at the rate of $40 billion per month and stated its intention to continue purchases until the outlo

you mentioned unemployment. unemployment is seven point two or three percent. >> 7.2. >> what israel unemployment, people who have given up looking for a job, frustrated by the whole system? is it around tha >> you are right. >> we have seen a significant decline in participation. part of it reflects an aging workforce, but some of it may be a reflection of a very weak labor market conditions, where people have been unemployed for a long time and feel frustrated about their job prospects. >> could you quickly manage your view on basel three, how important it is for banks to meet the standards of capital and liquidity? how important is that? >> it is extremely important for banks to have more capital. putting those into effect has been an important step. there are steps we have taken to make sure the institutions whose failure could create financial distress will be used to meet higher standards of liquidity and prudential supervision to make sure they are more resilient. >> you were there during the housing bubb

>> not just the unemployment rate.k of england has to admit that the data has been stronger than they expected across the board. gdp has been stronger than expected. they might be bringing forward their guidance a little bit. but i think what we have to remember is the other xoenl of that labor market release this morning is that wage growth is still incredibly low. i think the unemployment rate isn't telling us the whole story. there's a huge number of people with part-time work, full time work, there's a number of those who come back to the market. so the wage earners tell me they are still very worried. there are very little inflation pressures in the uk economy. >> so where are you, beginning of 2016, are you? >> yes, yes. i think what we're saying is don't get too carried away with some of the recent news flow. it's very hard to see such strong inflation continuing. >> at least inflation came down more than we thought yesterday. karen, stick around. more to come from you. just a reminder of what's on the agenda st

unemployment the rate, the overall unemployment rate in october was 7.3%. the unemployment rate for people between 20 and when before years of age was 12.5%, much much higher. the unemployment rate for people with less than a high school diploma was almost 11%. the unemployment rate for african-americans was a little of course, there are categories and groups of people for which the unemployment rate was less than the national average. peoplecession has hurt to the extent that the people's fortunes have improved or not during the recovery. there are also long-term trends of theh a growing share total national income is going to people at the higher in of the income distribution. many other points of income distribution have received a we are working to update our analysis. there will be one shortly from us that will update the look of distribution of the federal tax heard in and the distribution of income. the point about tax expenditures. that term tax expenditures is an old term. it is in the budget at that established cbo almost or the years ago. there a

>> well, the measured unemployment rate is 7.3% -- >> i know the measured unemployment rate. that wasn't my question. >> as we've discussed previously, we have very high incidents of involuntary, part-time employment. we have all too many people who appear to have dropped out of the labor force. >> i don't want to belabor this committee hearing any longer than what i have to. would you agree that it is at least close to or probably over 10%? >> certainly by broader measures, it is that high. >> would you also agree that right now in america, we have the greatest income disparity that we have had since the great depression, right before the great depression? >> we've had widening wage inequality and income inequality in this country going back to the mid to late '80s, and that continues. >> so i just want to take a moment to speak for maybe those folks who are on the lower end who look at the fed policy and look at the stock market, don't have a stake as they see it, as you just explained to senator johanns. we all have a stake, but their day to day, they don't see a stake. th

i'm looking to see unemployment go up. i want to see people so excited abt the job market when they start doing silly phone survey sayingre you looking for a job, someone who hn't been looking for a job goes yes, i am. i think there's an oppornity for me. right now the jobs aren't enough for first time home buyers to start making up the rcentage of t housing market. i wa to seeirst time home buyers ring and i want to see unemployment going up beuse people are optimistic. service jobs wilnot do much for theeconomy. you might take tw service jobs to equal one in manufacturer that somebody lost six months or a year ago. >> you're nobelieving it? >> no. i think it's semi fake. you don't want to g between an american consumer, their credit card and a mall when it comes to holiday ason. retailers are talking abou how much they are concernedabout, six less shopping days. they are still expecting 3.9% in growth. they are crying wolf and i don' buy it. >> retailas been catchg a bid recently. i wond if there's a reflection of the be

the first most important thing about long term unemployment is the same things with regular unemployment which is increasing aggregate demand and investing in jobs like infrastructure, business tax reform, all the issues. you know, i had been talking about already. there's issues specific to the long term up employed that you want to look at as well, ways of encouraging people to move more quickly into jobs, training, matching them to jobs, and the president has a pathway to work fund he's proposed, which is designed to help states experiment with different approaches to the goals. >> right. in fact, minnesota has a good pilot going with some of our businesses, the community college in the northern suburbs, and then our high schools. we have one high school where the kids can literally get -- can get an advanced degree right in high school and looking at that model more when we have 60% of the manufacturers who say they literally can't find someone to fill the jobs. we are doing a major report on manufacturing that's coming up. we have a major report on manufacturing showing for the firs

it is difficult to know about roasting with the therefore even got no life unemployment post with the knowledge that in four years the economy using sixty on the job. now even economy crazy. a dramatic turnaround since the government opposition parties' as youth unemployment is still a problem. we see far too many people were commonplace for sin not creating enough jobs to get to keep the ball and played chelsea own people especially. you do. welcome to six mm on the health service executive has apologized to the parents of a brain damaged twelve year old girl. the high court approved an interim assessment of just over two and a half million euro for pushing conroy from russert and port beach who sued for her mother has several holes these results are pressed midlands regional hospital in port beach in two thousand and one. our parents criticized the length of time it took to settle the action kevin and very calmly waited twelve years for today settlements. they'd already wasted nine years to find out what really happens to their children she married tom wright went to port the ship g

>> the measured unemployment rate is 7.3%. >> the measured unemployment rate is 7.3%. as discussed previously, we have very high incidence of involuntary part-time employment. we have all too many people who appear to have dropped out of the labor force. >> would you agree that it is close to or probably over 10%? >> by broader measures, if that high. >> would you also agree that right now in america we have the greatest income disparity that we have had since the great depression? >> we have had widening wage inequality and income inequality going back to the mid to late 80's and it continues. >> i just want to take a minute to speak for those who are on the lower rent due the cap the fed policy, look at the stock market, and do not have a stake as they see it, as you just explain. the day to day, they do not see their economic condition getting any better. certainly, they don't see their unemployment opportunities getting any better especially those for low job skills. what have you done to address unemployment disparity, income disparity in this country? what would

so, for example, if a look at unemployment rates, although the overall unemployment rate in october was 7.3%, the unemployment rate for people between 20 and 24 years of age was 12.5%, much, much higher. the unemployment rate for people with less than a high school diploma was less than 11%. the unemployment for african-americans was a little over 13%. so there's a tremendous, and, of course, there are categories, groups of people for whom the unemployment rate was less than the national average. there's a tremendous diversity of experience in how this recession has hurt people and to the extent of which people's fortunes have improved or not during this recovery. there also are, as you mentioned, long-term trends in which a larger, over time, a growing share of the total national income is going to people at the higher end of the income distribution and more particularly, people at many other points in the income distribution have experienced rather small gains in income over a period of many years, and we do ongoing analysis of that and we are working right now to update our analysis.

youreal unemployment rate, account for those people who dropped out of the workforce. growth has been pretty soft. what is your expectation now going forward over the next year or so, are we going to be stuck in this rut of over two percent growth and still high unemployment? >> if you look at the economic data from the last few months there are a lot of encouraging signs. we are seeing the housing sector doing much better. we are seeing manufacturing doing better. private sector, jobs. the jobs numbers that came out a week ago went back and corrected numbers for the previous couple of months showing that we have had 200,000 jobs which is higher what the original numbers were. significantg a trend in the right direction. if you look at what has been going on the last year we have had an anonymous amount of fiscal drag. some of it was intentional, the phasing out of payroll tax holiday. the imposition of lower spending levels. some of it was unintentional. sequestration kicking and because congress was unable to ande on a set of medium long-term alternatives. that fisca

they have unemployment rates below 6%. north dakota, the epicenter of america's energy boom, unemployment rate as low as 2.7%. the states in gray, everything that is not blue and orange, had an unemployment rate that was roughly the same as the national average. now many labor markets are driving because of a serge of high paying jobs. whe an economics director, author of "new geography of jobs," an amazing book. he joins us, enrico, thank you for joining us. >> thank you for having me. >> we have two issues going on. a lot of states that are doing better than average. the lower unemployment rate than normal are doing it for two reasons. they're creating tech jobs or like in some places like north dakota, they're creating oil. but these tech jobs in your opinion is where we should be focusing. >> i think so, there are 10, 12 cities in the u.s. that are doing extremely well compared to the rest of the country, and they are all--they all have labor force that is highly innovative and highly educated. places like san francisc

did all the allegedly fake data lower the unemployment rate? or could it have raised unemployment?nbc today said it would take a large number of people involved in faking data to move the unemployment rate. each government worker who gathers survey data contributes only a small amount to each report. >> so, steve, what do you think is the answer then here? >> i think there was almost certainly some incident with a specific employee. i think they're gathering an enormous amount of data, 60,000 interviews every month, maria, just for the unemployment report, just to determine the unemployment rate. i think there were problems from time to time. i don't see any evidence of a conspiracy ahead of the election but i think it's a matter that requires investigation. because the sanctity of this data is important, not just for markets, but the federal reserve makes policy on, this the unemployment rate and what happens to unemployment rate is used to figure out policy. it's important for the general public that this data is good. >> steve liesman, thank you so much. chicago known as second

you had the report on fed, what they're thinking about unemployment, unemployment on friday. >> we are flat now. it was worse earlier. we'll put the s&p back up again. we had i&m services come back and we dropped the yen on that. good news for the economy but revived concerns about the fed perhaps beginning its tapering process a little earlier than expected. most people thinking march. some people think december at this point. interest rates are an issue, bill. take a look at the ten-year yield shot up again at 10:00 when that ism number came out. we were 2.48. just about the time the fmoc meeting last week. now over 2.6% and heading toward 2.7%. that's a major concern. the biggest problem the market has right now. in terms of earnings, still getting numbers coming in. consumer staples stocks came in. cvs, a terrific stock. walgreens with comparable store sales out, better than expected. that whole group is on the upside. safeway, conagra, tyson as well. coors had great number. strong earnings. upbeat guidance. pulling coach up, ralph lauren, nordstrom, to the upside. exchanges, nyse

we see unemployment coming down. our growth rate is forecast to be almost three times as fast as german growth. the leader of the opposition told us we would lose one million jobs. and it'solutely wrong, time he got to his feet and told us he was wrong. >> mr. speaker? having listened to select committee hearing yesterday, can the prime minister tell us what's the difference, can the prime minister tell us what's the difference between his -- >> order. can i just say to the prime minister's pps, his role is to nod his head in the appropriate places and to vet and carry notes. no noise required. >> mr. speaker, listen to the select committee hearing yesterday. can the prime minister tell us what is the difference between his policy on energy and that of the energy companies? >> not a word of apology about a predicting a million jobs lost. they bottom it wrong and they can't bear to admit it. >> order. >> the question must be heard and the answers must be heard, however long it takes, some people need to get used to fa

another ten states have unemployment between 7% and 8%. this is not like there are tons of jobs out there that people aren't taking because they want to be on unemployment benefits. these are people who are on unemployment benefits because they can't find jobs. and so until we get this economy back in shape, it makes no sense to discontinue these benefits. and these benefits are an economic stimulus. these people spend the money. they need to spend the money because they have to live on it. and it's bad idea for human reasons and economic reasons. >> you know, e.j., republicans could ruin holidays for people looking for work. 1.3 million people could lose unemployment benefits in the week between christmas and new year's. if the house republicans refuse to act. last week house democrats called out boehner and the republicans for their heartlessness. let me show you this. >> with just a few weeks left to act, speaker boehner is setting him up to be the speaker who stole christmas. >> for this country, the richest in the world to say to peop

unemployment is now down over 30% since its peak under labour. would the prime minister agree why attacking business but spoehring businesses to grow we can undo labour's legacy of unemployment? >> my right honorable friend is absolutely right. whoever was in government now would have to make difficult reductions in the public sector obviously that leads to reduction of public sector jobs. we need a private sector recovery. that's what we've seen. 1.4 million jobs in the private sector. overall more than one million people employed in our country. that is one million reasons to stick to our plan and reject the medicine suggested by the party opposite. >> mr. sheridan. >> prime minister, couldn't legislation to protect agency workers stop exploitation of migrant workers to protect wages and of our indigenous workers? i know this issue can he reassure the house he win taper resist any temptation to dilute even further protection for agency workers? >> what i want to see is more jobs in this country and that means making sure we keep a flexible work

weak economic growth, high unemployment, and government constraints as part of the decision. unemployment in france reached a record in october, 3.3 million people and the rate is around 11%. >> that is one of the reasons the s&p made this move, because of higher unemployment, and structural problems including taxation. there is not a lot to reassure on top.et that they are >> paris has come out fighting. the finance minister said in a statement that he regretted the decision, and that sweeping economic reforms had not been taken into account. >> we regret the decisions made by standard & poor's. during the last 18 months, the government has implemented major reforms aimed at improving the french economic situation. all, the finance minister stated that france's debt remains in the eurozone. it did say its new outlook for ae grade was stable against negative watch for the aa plus rating. downgrades that a will be unlikely in the next two years. >> the french government reacted quickly to the news of the downgrade. a little later, president hollande said that france would stay

black unemployment is higher than hispanic unemployment, which itself is higher than white unemploymenttrue for the last year or the last decade. it's been true for the last four decades and beyond. since 1973, the story of the u.s. workforce has always looked like this. unchanging racial stratification in which african-americans have consistently had the highest levels of unemployment followed by latinos with the lowest rates of joblessness among white americans. that graph, and sort of its consistency over the course of the past four decades mean these job numbers mean something different for these communities. >> right. in fact, one of the things worth pointing out is that the loss of government jobs has hid african-american communities particularly hard because, you know, legacy of systemic discrimination. i mean, for long periods of time, african-americans and still to this day, of course, were barred from the same opportunities in the private sector, so a lot of people would strategically get jobs in the public sector. >> i want to pause here for a moment because i know people don

for every dollar that is spent on unemployment insurance more money comes back to the treasury. the immigration bill helps to reduce the deficit so we are talking about investments that will reduce the deficit and to have sequestration as it should deficit is a false economy because it cuts the very investments like infrastructure and medical research that will grow the economy. without i'm pleased to yield to our budget representative because he will give us a framework as to how he sees that and go to my other colleagues that i do so with the greatest appreciation for the work of mr. van hollen is doing as a ranking member on the budget committee. mr. van hollen. >> thank you madam leader. a little while ago some of our colleagues coined the expression no budget, no pay. as we gather here today we have not budget and we would hope that those same individuals was certainly adopt the proposition no budget, no vacation. we should not be adjourning as the congress in mid-december until we have completed work on the budget. i'm going to read a little sentence here. the failure to r

flow of the economy might be higher than we think it is and the unemployment -- the depth of the unemployment problem is not reflect in the drop in the unemployment. >> thank you for your reporting. sue, back down to you. >> we'll talk a little bit about that and what jeff mentioned a second ago, the structural issues with employment something i want to talk to you about. there are economists who feel that technology has changed the way that jobs are done in such a dramatic way some of those jobs are never coming back. therefore, the unemployment rate is basically a false indicator and that we're not going to be able to create the kinds of jobs that would bring that unemployment rate down. >> listen, the financial services industry is a prime example of what technology has done to jobs, job losses, job creation or lack of job creation, so i think that's a solid argument. >> i was with one of the ceos of one of the s&p 500 big companies just a few days ago and said, how is your productivity growth this year. he said about 2%. i said that's good. are you going to hire anymore? no. i said why ar

recessions have been relatively rapid, with production and unemployment. the key variables returning to values within 6 to 8 quarters. in such cases, the financial markets is just the next several quarters. in the aftermath of the recent crisis, the committee had to consider the possibility that a highly accommodative policy may be required for a number of years. second a federal funds rate created an important asymmetry for policy planning. on the one hand, if the economy were to recover rapidly and inflation were to increase, monetary policy makers would be able to respond in a normal way by raising the federal funds rate. on the other hand, if the economy were to remain weak or recover only gradually, the case we faced. the fo omc would not be able to cut the funds rate further. in the latter case, the economy could face an increased risk of deflation or falling prices. as the case of japan illustrates. try to preempt such outcomes, a strong case existed for monetary policy to be more accommodative than suggestive by standard policy rules calibrated to

for example if one looks at the unemployment rates although the overall unemployment rate in a tovar was 7.3% the unemployment rate for people between 20 and 24 years of age was 12.5%, much much higher. the unemployment rate for people with less than a high school diploma was almost 11%. the unemployment rate for african-americans was a little over 13% so it's a tremendous and of course there are groups of people for whom the unemployment was less than the national average so there's a tremendous -- and how this recession has hurt people and whether people's fortunes have improved or not during this recovery and they're a long-term trends in which a larger over time growing share of the total national income is going to people at the higher end of the income distribution and more particularly many points have experienced a rather small income in orbit. of many years. we have done an ongoing analysis of that i'm working now to update our analysis. there will be one shortly from us to look at the discretion of the federal tax burden distribution of income in the country. on your point

how can you be sure that the ageing is down to unemployment even the stress is down unemployment rather than many other factors in someone's life? >> okay. we took account of all the other factors that might have been responsible for the results. we - first of all we looked at people well enough to work. anybody ill or on family leave or unable to work for other reasons was not included in the study. we took account of risky behaviours that might have increased the chances of being unemployed and having adverse health effects such as smoking and reduced levels of physical activity. we are sure that the result is a genuine result of stress produced. >> what would you like to be done with the findings of a study like this? >> we think it's another xarm of the long-term negative health effect of unemployment. unemployment over a long period is linked to an increased risk of earlier death. and - but particularly we think this is to do with the financial support that unemployed people receive. and it will be interesting to look in other countries with better or worse financial support for un

the unemployment rate makes the look better than it is. gwen: one thing i find wall street bout whenever there is good economic news they put on the brakes means the y say this fed will stop the stimulus and that is good. that is counterintuitive. is -- well, it is because a lot of people in wall street policy from the fed because of cheap money and so economic e recent policy has turned on what the fed does that they are overly on that. gwen: that is why i turn to wessel. half ts have dropped by but the administration is busy digging itself out of a new hole explaining and re-explaining what happened to its shiny new healthcare roll out. part of the explanation the president offered yesterday. i regret very much that what to do which is to make sure that everybody is better plans because they want them as opposed to into it,hey are forced we were not as clear as we the d to be in terms of changes that needed to take place. wen: not as clear as we needed to be is an understatement. he says he has one more campaign the affordable care act.

unemployment rate ticks up.ly earnings and average weekly hours, 0.1% on earnings and 34.4 average weekly hours, the two weaknesses. the job based job growth, two areas that should have been affected by obama care, maybe the delay in implementation is having a positive effect. professional business services up, education, manufacturing, that's one of the bigger gains we've had in many months and construction coming along again with 11,000 workers added. now, fixed income traders smelling less fed stimulus in the air. they bid up interest rates this morning in the wake of the report. look at that cliff right there. a lot of talk if we get another positive jobs report in december, the fed could decide to taper that month. some saying it may wait until january or march until the situation clarifies but many now saying december is a possibility. a quick word on the unemployment rate. it was heavily affected, we don't know how much, by the shutdown. may be a good idea to throw it out, it should stabilize next month's

our unemployment rates was down which is lower than the other regions in the country. some of the other indicators we looked at average wage and city revenues and expertise were all up as well in 2012. building activity is measured by the number of permits filed and the estimated spends on construction were up by 7 and a half percent respectively. so the inventory covers data through calendar year 2012 which is the period we have the most complete data but some insight we have the states latest estimate of unemployment 5.6 percent as of august 13th. the transit impact development fee for the data fiscal year 2013 is up to 6.4 million up from 7 from the previous fiscal year. the report is available on our website and the law tables as well as sf.org. with that, i'm happy to take any questions >> commissioner. >> yeah. last year's employment is that an all-time high or did we have other times that with data. >> i'll have to get back with you but it's the highest it's been in the last decade. >> the horrify everything was positive. the so-called fire of jones that being f

louisiana's 5th district has over 10% unemployment, almost 20% of families live below the poverty linene in five residents is uninsured, the highest rate in the state. among those residents is laura johnson of rustin, louisiana. >> reporter: every day, laura johnson prays for a blessing. she suffers from congestive heart failure, but with her income, she can't afford the medicine she's supposed to take. >> i think it's very, very upsetting, because why wouldn't they want people to get that, you know, medicaid? why? >> reporter: we don't know if laura johnson voted for her new representative. we know her representative won by advocating for her health. joining me now is tracy washington, president and ceo of louisiana justice institute. tracy, how big a surprise was this result for louisiana's 5th? >> well, i think it was a shocker to most of the republicans out there. it was hope springs eternal for all rational democrats like me, and hopefully, rational republicans. >> do you think that the medicaid expansion played a pivotal role here? how big a part of the political conversation has

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-ho

you mentioned unemployment. unemployment is seven point two or three percent. >> 7.2. >> what israel unemployment, people who have given up looking for a job, frustrated by the whole system? air t and or 14%? >> you are right. around that? >> we have seen a significant decline in participation. part of it reflects an aging but some of it may be a reflection of a very weak labor market conditions, where people have been unemployed for a long time and feel frustrated about their job prospects. quickly manage your , howon basel three important it is for banks to capital standards of and liquidity? how important is that? it is extremely important for banks to have more capital. effect hasse into been an important step. there are steps we have taken to make sure the institutions whose financialuld create distress will be used to meet liquidityndards of and prudential supervision to make sure they are more esilient. >> you were there during the housing of old. housing bubble. let a bubble continue to continue to grow.

unemployment insurance is not .ust good for americans it is good for our economy. economistsnpartisan have consistently found that unemployment benefits are one of the most effective ways to growth. for every one dollar spent on unemployment insurance, $1.64 is circulated back into the economy. by cutting off extended unemployment benefits now, just after christmas, this will cost our economy 310,000 jobs. the facts are clear. unemployment insurance strengthens our economy and when our economy does better, more jobs are created and more americans are working. dr. exactly what out of work americans want more than anything else right now -- a job is my republican colleagues want any ideas to grow the economy, they should look in the eyes of millions about of work americans were struggling to make ends meet today. all the republicans can offer our blank stares to match their blank agenda. , my colleague and friend from new york, mr. israel. you, joe. it is now public that house republicans have a daily playbook to sabotage, to ambush, and to repeal the affordable care

here is a chart that talks a little but about the unemployment rate showing be particularly high unemployment range for veterans as compared to veterans from all other service periods the stark lie down here. the redline, post-september 2001 veterans, and all other service veterans here. what are you seeing on the veterans front? guest: in part what i am seeing are programs that place are rolling out to try to help veterans. i know different states, different companies are always coming out with new ways to say we really want to give veterans into our workforce. one really hopes that that works. one question i have about that is these are of course the youngest veterans. i wonder if in part what is hurting them in a job search is of course not the fact that they are veterans of all the just the fact that, like you point out, older veterans have slightly lower unemployment rates. these younger ones have a higher wondered it could be that they are facing the same problems that a lot of other twentysomethings are facing, which is a really rough market for a younger worker. that number for all ot

give me a number on what you consider full unemployment -- or