| 00:00:16 |
Slen, Peter - Host
COMMISSIONER OF UNEMPLOYMENT AND EMPLOYMENT STATISTICS. MR. DINARDO, LET'S START WITH THE UNEMPLOYMENT RATE, 7.8% CURRENTLY, CORRECT? GUEST: THAT IS...
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| 00:00:37 |
Slen, Peter - Host
MONTH THAT ITS CONTENT -- CONDUCTED BY THE CENSUS BUREAU. 60,000 HOUSEHOLDS ARE INTERVIEWED EVERY MONTH FOR PEOPLE IN THE HOUSEHOLD OVER THE AGE OF...
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| 00:01:28 |
Nardone, Tom - Division Chief
PERIDOT HOST: IS IT THE SAME 60,000 EVERY MONTH? OR A DIFFERENT 60,000 EXXON -- DIFFERENT 60,000? GUEST: IF THEY AGREE TO THE SURVEY, THERE WILL BE...
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| 00:01:48 |
Nardone, Tom - Division Chief
FOR ANOTHER FOUR. HOST: HOW CLOSELY DO YOU FIND WHEN YOU REVIEW WHAT YOU HAVE DONE CANNOT BECAUSE THERE ALWAYS SEEMS TO BE AN ADJUSTMENT A MONTH OR...
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| 00:02:16 |
Nardone, Tom - Division Chief
IS A SURVEY OF BUSINESS ESTABLISHMENTS. THERE ARE ABOUT 486,000 BUSINESS ESTABLISHMENTS SURVEY EVERY MONTH. BECAUSE OF THE LARGE SIZE OF THAT SAMPLE,...
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| 00:02:57 |
Slen, Peter - Host
RUGABER WITH THE ASSOCIATED PRESS IS AN ECONOMICS REVIEWER. I WANTED TO ASK YOU ABOUT WHAT JACK WELCH, THE FORMER CHAIR OF GE, WROTE IN "THE WALL STREET...
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| 00:03:50 |
Rugaber, Christopher - Reporter
OUTCOMES. USUALLY, IT COMES OUT AND IT WILL WE DID NOT PREPARE FOR. IT IS NOT UNUSUAL FOR IT TO BE SURPRISING, IN A FUNNY WAY. THE HOUSEHOLD SURVEY...
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| 00:05:35 |
Slen, Peter - Host
THE IDEA THAT SOMEBODY IN THE WHITE HOUSE CALLED US UP AND TOLD US THAT THE UNEMPLOYMENT RATE NEEDED TO BE 7.8%,
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| 00:05:42 |
Nardone, Tom - Division Chief
THAT IS SIMPLY NOT TRUE. IT DID NOT HAPPENED. IF IT DID HAPPEN, THE FOLKS THAT WORK ON THESE NUMBERS, THEY WOULD BE THE ONES THE SENDING OUT A TWEET....
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| 00:06:45 |
Slen, Peter - Host
CAN YOU TELL US WHERE WE STAND RIGHT NOW? WHAT DOES THIS SEPTEMBER, 2012 FIGURE MEAN AND WHAT IS IT? GUEST: WHAT THIS CHART SHOWS IS THAT AS WE ALL KNOW,...
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| 00:07:06 |
Nardone, Tom - Division Chief
WE LOST ABOUT 8.8 MILLION JOBS DURING THE RECESSION. THE JOB LOSS CONTINUED BEYOND WHAT WAS CONSIDERED THE OFFICIAL END OF THE RECESSION. THE NATIONAL...
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| 00:07:50 |
Slen, Peter - Host
THAT ESSENTIALLY HAPPENING SOME. ZOGBY BUT IT DISCOURAGED. OTHERS RETURNED TO SCHOOL
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| 00:07:57 |
Rugaber, Christopher - Reporter
EITHER BECAUSE THEY ARE FRUSTRATED OR BECAUSE THEY WANT TO GET MORE TRAINING OR EDUCATION. SOME PEOPLE ARE FINDING JOBS. ECONOMISTS HAVE LOOKED AT...
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| 00:08:59 |
Slen, Peter - Host
GUEST: THE TAKE THE PEOPLE WHO ARE EMPLOYED IN THOSE WHO ARE UNEMPLOYED AND COMBINE THEM AND YOU GET WHAT IS CALLED THE LABOUR FORCE. DIVIDE THAT BY
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| 00:09:09 |
Nardone, Tom - Division Chief
THE POPULATION IN AT 16 AND OVER AND YOU'RE OF THE FORCE PARTICIPATION RATE. IS THE PROPORTION OF THE POPULATION THAT IS EITHER EMPLOYED OR ACTIVELY...
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| 00:11:09 |
Slen, Peter - Host
IS THE WEAKEST RECOVERY WE HAVE HAD SINCE WORLD WAR II. THE JOBS NUMBERS
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| 00:11:16 |
Rugaber, Christopher - Reporter
EACH MONTH, WE HAVE AVERAGED AROUND 145,000 JOBS CREATED PER MONTH THIS YEAR. THAT IS BARELY ENOUGH TO KEEP UP WITH THE GROWTH OF THE WORKING AGE POPULATION....
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| 00:12:37 |
Slen, Peter - Host
TELL US YOUR SITUATION. CALLER: MY SITUATION IS TO TELL MR. OBAMA TO DOING A GOOD JOB OF THE PAST FOUR YEARS
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| 00:12:57 |
CALLER, -
PREPARING. [INDISCERNIBLE] TO GO TO THE HOSPITAL, TO GO TO THE CLINICS. MY FAMILY CAN GO TO THE CLINIC. OBAMA IS DOING A GOOD JOB. BUT FOR YEARS IS NOT...
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| 00:13:45 |
Slen, Peter - Host
ABOUT? GUEST: ABOUT 12 MILLION NOW. HOST: AND DO YOU HAVE AN ESTIMATE ON HOW MANY HAD DROPPED OUT OF THE SEARCH? GUEST: WE DO HAVE AN
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| 00:13:56 |
Slen, Peter - Host
ESTIMATE. REFER TO THESE PEOPLE AS MARGINALLY ATTACHED TO THE LABOUR FORCE. THERE
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| 00:14:03 |
Nardone, Tom - Division Chief
ARE ABOUT 2.2 MILLION THAT ALL INTO THAT CATEGORY RIGHT NOW. THESE ARE PEOPLE THAT HAVE NOT WORKED IN THE LAST FOUR WEEKS, BUT SOMETIME IN THE LAST 12...
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| 00:14:45 |
Slen, Peter - Host
BEEN ON UNEMPLOYMENT FOR AN EXTENDED TIME FRAME? YOU HAVE A CHART HERE FROM
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| 00:14:52 |
Slen, Peter - Host
BLS, PERCENT UNEMPLOYED 27 WEEKS OR MORE. GUEST: I DON'T KNOW HOW MANY PEOPLE HAVE BEEN ON UNEMPLOYMENT INSURANCE. THAT IS ONE OF THE MAIN MISCONCEPTIONS....
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| 00:15:05 |
Nardone, Tom - Division Chief
COME FROM THE DATA WE GET FROM THE UNEMPLOYMENT INSURANCE SYSTEM. WE DO HAVE AN ESTIMATE ON HOW LONG PEOPLE HAVE BEEN UNEMPLOYED. THE CHART SHOWS THE...
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| 00:15:40 |
Slen, Peter - Host
ANYTHING YOU WANT TO ADD? GUEST: THE NUMBER OF PEOPLE ON UNEMPLOYMENT BENEFITS HAS COME DOWN.
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| 00:15:52 |
Rugaber, Christopher - Reporter
26 WEEKS IS THE STANDARD PROGRAM. THERE ARE VARIOUS AND EXTENDED PROGRAM AGO AS LONG AS 79 WEEKS. THAT ADDS UP TO ABOUT 5 MILLION PEOPLE. THAT HAS COME...
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| 00:16:55 |
Slen, Peter - Host
JULIA IN KINGSTON, NEW YORK, HELLO. CALLER: HOST: HI, HOW ARE YOU GOOD. PLEASE GO AHEAD -- CALLER: HI, HOW'RE YOU,?
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| 00:17:09 |
CALLER, -
HOST: GOOD, PLEASE GO AHEAD. CALLER: I WANTED TO CALL AND TALK WITH YOU GUYS A LITTLE BIT. I'M UNDECIDED. I AM ALSO ONE EMPLOYE. --
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| 00:17:26 |
CALLER, -
UNEMPLOYED. HOST: WHY ARE YOU UNEMPLOYED AND HOW LONG? CALLER: I HAVE BEEN UNEMPLOYED FOR A GOOD AMOUNT OF
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| 00:17:38 |
Slen, Peter - Host
TIME. FOR ABOUT SIX MONTHS NOW I HAVE BEEN
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| 00:17:42 |
CALLER, -
UNEMPLOYED. HOST: DO YOU RECEIVE UNEMPLOYMENT COMPENSATION? CALLER: NO, I DO NOT.
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| 00:17:52 |
Slen, Peter - Host
YOU KNOW, I -- A CROSS MY MIND.
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| 00:17:57 |
CALLER, -
I WONDERED IF I SHOULD DO THAT AND EVERYTHING, YOU KNOW. IT IS SO HARD WHEN PEOPLE THINK, LET ME GO ON UNEMPLOYMENT AND THIS AND THAT'S -- ARE YOU HEARING...
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| 00:18:23 |
Slen, Peter - Host
THINKING ABOUT MANY THINGS. HOW ABOUT YOU ASK ME SOMETHING
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| 00:18:29 |
CALLER, -
HOST: I THINK WE'VE GOT ENOUGH OF YOUR STORY THERE. MR. RUGABER, ANYTHING YOU WANT TO -- ANYTHING THAT
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| 00:18:37 |
Slen, Peter - Host
STUCK OUT TO YOU ABOUT WHAT JULIA HAD TO SAY? GUEST: THERE HAS BEEN A LOT OF LONG-TERM UNEMPLOYMENT FOR PEOPLE. I TALKED WITH A LOT OF PEOPLE WHO HAVE...
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| 00:18:50 |
Rugaber, Christopher - Reporter
ONE THING THEY FACE IS THE LONGER PEOPLE ARE UNEMPLOYED, THE CONCERN IS THAT IT WILL BE HARDER FOR THEM TO FIND WORK. EITHER THEIR SKILLS ERODE, AND...
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| 00:19:45 |
Slen, Peter - Host
INTO THE STATISTICS YOU WOULD SEE? GUEST: SHE WOULD. AND IF SHE HAD BEEN LOOKING FOR WORK IN THE LAST FOUR WEEKS, SHE WOULD BE COUNTED AS UNEMPLOYED.
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| 00:19:55 |
Nardone, Tom - Division Chief
IF SHE HAD NOT AN LOOKING FOR THE PAST FOUR WEEKS, SHE MIGHT FALL INTO THAT CATEGORY OF MARGINALLY ATTACHED. THAT IS ABOUT 2.5 MILLION PEOPLE IN THAT...
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| 00:20:51 |
Slen, Peter - Host
WE ARE GOING TO MOVE ON FROM STEVE TO THOMAS IN PLAINFIELD, INDIANA. THOMAS, YOU ARE ON THE "WASHINGTON JOURNAL"." WHAT IS YOUR JOB SITUATION? CALLER:...
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| 00:21:13 |
CALLER, -
I ONLY HAVE SO MANY MONTHS OF RETIREMENT. I HAVE BEEN WORKING JUST ABOUT ALL MY LIFE. I AM A BABY BOOMER. I HAVE SEEN THE UPS AND DOWNS. HOST: WHAT KIND...
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| 00:21:36 |
CALLER, -
I WORK FOR FLYING TIGERS IN CHICAGO. IT WAS HEADQUARTERED IN LOS ANGELES. WE MERGED WITH THIS OTHER LARGE CARRIERS, WHICH YOU ALL KNOW, A MERGER BACK...
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| 00:23:21 |
Slen, Peter - Host
BEEN CONTACTED BY AN ADMINISTRATION? HOUSE SEPARATE ARE THE POLITICS? GUEST: WE HAVE NEVER BEEN CONTACTED IN A WAY OF THEM SAYING, WHAT THE UNEMPLOYMENT...
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| 00:23:36 |
Nardone, Tom - Division Chief
BE EXPERTS -- TO BE A PARTICULAR NUMBER. I HAVE HAD FREQUENT CALLS WITH THE COUNCIL OF ECONOMIC ADVISERS, WITH PEOPLE IN CONGRESS ASKING FOR EXPLANATIONS....
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| 00:24:30 |
Slen, Peter - Host
THE BLS FIGURES THAT COME OUT NEARLY EVERY WEEK ON THESE MATTERS? GUEST: WE TRUST DID PRETTY MUCH. IT IS IMPORTANT TO TALK TO ECONOMISTS AND OTHER FOLKS...
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| 00:24:44 |
Rugaber, Christopher - Reporter
BECAUSE IS A NUMBER THAT HAS BEEN COMING OUT FOR SO LONG. I HAVE HEARD ECONOMISTS SAY THAT PERHAPS IN THEIR GAMBERT DAYS THEY WERE SUSPICIOUS OR WATER...
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| 00:25:40 |
Slen, Peter - Host
IN TOTAL PRIVATE, IS IS THE JOBS REPORT ON A MONTHLY BASIS OF HOW MANY JOBS WERE ADDED TO THE ECONOMY? GUEST: THAT IS RIGHT, THAT IS THE OTHER HEADLINE...
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| 00:25:56 |
Nardone, Tom - Division Chief
WE SEE THERE WAS A TIME WHEN WE WERE LOSING A MASSIVE NUMBER OF JOBS. WE HAVE BEEN GAINING SOME NOW. IN 2012, JOB GROWTH HAS AVERAGED ABOUT 145,000. HOST:...
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| 00:26:19 |
Slen, Peter - Host
104,000 IN JULY, 2012. ARE ALL OF THESE CHARTS AVAILABLE TO ANYONE WHO GOES TO THE BLS WEBSITE?
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| 00:26:30 |
Slen, Peter - Host
GUEST: ALL OF THE DATA IS ABOUT -- IS AVAILABLE. PEOPLE CAN GET THE PRESS RELEASE,
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| 00:26:41 |
Nardone, Tom - Division Chief
ACCESS THE TIME SYRIA -- THE TIME SERIES DATA THAT WE HAVE. WE HAVE A LOT OF INFORMATION ON THE METHODOLOGY ON THE WEBSITE. THERE'S A LOT OF INFORMATION...
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| 00:27:05 |
Slen, Peter - Host
GUEST: I THINK SO. PEOPLE HAVE DIFFERING OPINIONS ON THAT, BUT THE SPENDING CUTS AND TAX INCREASES THAT ARE SCHEDULED
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| 00:27:14 |
Rugaber, Christopher - Reporter
TO GO INTO EFFECT AT THE END OF THE YEAR, THERE'S A LOT OF WORRYING AMONG ECONOMISTS, BUT ALSO BUSINESS PEOPLE OFF, THAT IT COULD SLOW THE ECONOMY IN...
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| 00:28:34 |
Slen, Peter - Host
CALLER: AND STUDYING ECONOMICS. HOST: YOU HAVE HEARD OUR CONVERSATION THIS MORNING. AND WHAT DO YOU THINK? CALLER: I HAVE. MR. RUGABER SAID HE WAS SURPRISED
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| 00:28:46 |
Slen, Peter - Host
WITH THE UNEMPLOYMENT DROPPING, BUT I WAS JUST READING ABOUT A MONTH
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| 00:28:50 |
CALLER, -
AGO AND Q E. THREE LAUNCHED. I WAS WONDERING HOW THE PRINTING OF THE NEW MONEY AFFECTED THAT. GUEST: IT WAS PROBABLY A LITTLE EARLY FOR QE3, WHICH WAS...
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| 00:29:15 |
Nardone, Tom - Division Chief
THIS REPORT -- THIS REPORT CAME OUT LAST WEEK FORCE OF GAMBERT. IT IS PROBABLY A LITTLE EARLY TO ATTRIBUTE THE -- THE LAST WEEK OF SEPTEMBER. IT IS PROBABLY...
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| 00:30:34 |
Slen, Peter - Host
GETTING INTO AND A VALUATION OF POLICY. OUR FOCUS IS PUTTING OUT THE NUMBERS. WE DO
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| 00:30:40 |
Nardone, Tom - Division Chief
NOT WANT TO CREATE A SITUATION WHERE PEOPLE, BY DOING POLICY ANALYSIS, PEOPLE THINK WE ARE TAKING SIDES. WE LET OTHERS DO THAT. HOST: JEANNA IN ILLINOIS....
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| 00:30:59 |
Slen, Peter - Host
I WAS WORKING FOR A COMPANY. I DO NOT KNOW IF
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| 00:31:05 |
CALLER, -
I'M ALLOWED TO MENTION IT. HOST: SURE. CALLER: BOB R.T.A.. AND WE SHUT DOWN EVERY SUMMER FOR A COUPLE OF MONTHS -- BOMBARDIER.
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| 00:31:18 |
CALLER, -
WE SHUT DOWN EVERY SUMMER FOR A COUPLE OF MONTHS. WE WERE SUPPOSED TO COME BACK TO WORK IN SEPTEMBER 24. THEY CALLED US SEPTEMBER 15 TO A MEETING AND...
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| 00:31:39 |
Slen, Peter - Host
SUPPORT
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| 00:31:43 |
CALLER, -
BOAT WORLD. HOST: IS THAT A CANADIAN COMPANY? CALLER: YES. HOST: ARE YOU COLLECTING UNEMPLOYMENT? CALLER: BEGINNING WIN? -- YES.
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| 00:32:01 |
CALLER, -
HOST: WHEN? CALLER: I WAS ALREADY ON UNEMPLOYMENT. BUT WE WERE NOT LOOKING FOR WORK BECAUSE WE WERE TO RETURN TO WORK ON
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| 00:32:11 |
CALLER, -
THE KEMBA 24TH. -- SEPTEMBER 24. EVERYBODY WAS PREPARING FOR IT. THEY'RE WORKING UP TO THE DATA THEY CALLED THIS MEETING AND TOLD US THEY WERE CLOSING...
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| 00:32:36 |
Slen, Peter - Host
MUCH. MR. R DOANE, IS GEOGRAPHY IN THE
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| 00:32:43 |
Slen, Peter - Host
UNEMPLOYMENT OR EMPLOYMENT FIGURES? GUEST: WOULD HAVE ALREADY BEEN IN THE UNEMPLOYMENT FIGURES. AS I MENTIONED EARLIER, THOSE ACTIVELY
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| 00:32:53 |
Nardone, Tom - Division Chief
SEEKING WORK, THERE IS A LITTLE BIT OF AN ADDENDUM TO THAT. PEOPLE WHO HAVE BEEN GIVEN A TEMPORARY LAYOFF AND GIVEN A DATE TO CALLBACK -- COME BACK...
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| 00:33:39 |
Slen, Peter - Host
PARTICULAR, BUT IF YOU LOCAL
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| 00:33:44 |
Rugaber, Christopher - Reporter
AS RECENTLY AS THE VERY EARLY 1980'S TO MY VERY TOUGH RECESSION AND KAMAL LOT OF THOSE WHO LOST THEIR JOBS OR WERE LAID OFF, IT WAS DEBORAH. THE IDEA...
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| 00:34:35 |
Slen, Peter - Host
WHAT DOES THIS MEAN? GUEST: THIS IS LOOKING AT THE NUMBER OF JOBS ADDED OR LOST SINCE FEBRUARY, 2010. FEBRUARY,
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| 00:34:46 |
Nardone, Tom - Division Chief
2010 IS WHEN PAYROLL EMPLOYMENT STARTED TO GO BACK UP. HOST: 480,000 JOBS HAVE BEEN ADDED? GUEST: 480,000 JOBS ADDED IN MANUFACTURING SINCE 2010 WHEN...
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| 00:35:05 |
Nardone, Tom - Division Chief
OUR INFORMATION SERVICES AND THE GOVERNMENT. GENTLEMEN, WE ARE OUT OF TIME. WE APPRECIATE YOUR TIME ON THE "WASHINGTON JOURNAL." HOUSE OF REPRESENTATIVES...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.