New economic data from the federal government show the economy added a paltry 18,000 jobs in June, pushing the unemployment rate back to 9.2 percent. Dan Gross, columnist and finance editor for Yahoo! Finance, gives his analysis of the numbers.
Unemployment numbers released today place the unemployment rate holding steady at 9.6 percent, but nonfarm payrolls are up 151,000. Yahoo Finance economics editor and columnist Dan Gross deciphers the numbers for us.
An unemployment rate of 9.6 percent in America may sound bad, but it doesn't include millions of discouraged American workers.
The 9.5 percent unemployment rate does not count a huge number of Americans: people who are out of a job and have given up looking. Yesterday, Newsweek and Slate columnist Dan Gross explained why some have stopped their job search. Listeners responded.
John Ferry, a web editor from Detroit, and Daniel Gross, a Newsweek and Slate columnist, join us to discuss the numbers.
The commerce department revised growth figures for 2007 - 2009, taking down the numbers and essentially showing that the economy performed more poorly than was thought. Dan Gross, columnist for Newsweek and Slate says that there's a dichotomy.