American Multinational Corporations No Longer Investing in US

Edward Alden, Director of the Council on Foreign Relations Independent Task Force on U.S. Trade and Investment, says that over the past ten years, American multinational corporation have shed three million jobs in the US while outsourcing more than four millions jobs abroad. (00:40)

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House Dem: Perry's Texas Miracle Falls Flat

Rep. Charles Gonzalez (D-Texas) attributes Texas employment increase to an increase in population rather than presidential candidate Rick Perry’s governing and points out that Texas still has a higher unemployment rate than many other states (00:51)

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Long Way To Go On Employment Front, Says CBO Director

CBO Director Doug Elmendorf shares CBO projections that reveal a bleak outlook for job creation and unemployment percentages. (0:40)

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Labor Official: Health Care Jobs Up, Retail Jobs Down

Commissioner of the Bureau of Labor Statistics Keith Hall says there was an increase in temporary help and healthcare jobs and the decrease in retail jobs. (0:58)

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Unemployment Rate Varies By State, Says Labor Official

Keith Hall, Bureau of Labor Statistics commissioner, describes which states have the highest and lowest unemployment numbers. (0:23)

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Failing To Extend Unemployment Will Affect Millions, Says Solis

Secretary of Labor Hilda Solis says not extending unemployment insurance benefits will affect two million people at the end of the year and up to six million in the months following. (0:31)

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Harkin: Where Is Moral Outrage Over Stalled Unemployment Aid?

Sen. Tom Harkin (D-Iowa) slams Republicans for denying an extension of unemployment insurance. (0:45)

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Pelosi: Extending Unemployment Aids Families And The Economy

Speaker of the House Nancy Pelosi (D-Cali.) discusses says that extending unemployment insurance is key for the health of the economy and the American people. (0:29)

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McCarthy: Election Was About Jobs

Incoming House Majority Whip Kevin McCarthy (Calif.) says that in the 754 months since the Bureau of Labor and Statistics began recording unemployment numbers, only 50 of these have seen numbers above eight percent with 21 of those falling during Obama’s first two years. (0:40)

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High Unemployment Numbers Only Affects Public Opinion In The Short Term, Says Analyst

AEI public opinion expert Karlyn Bowman says the high unemployment only affects public opinion in the short-term, whereas high-inflation has long-term effects. (0:23)

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Extending Tax Cuts And Unemployment Benefits Necessary, Claims CBO Consultant

AEI scholar John Makin, a former CBO and Treasury Department consultant, says the latest GDP numbers indicate that failing to extend the Bush tax cuts and unemployment benefits would be suicidal for the economy. Makin adds that he does not believe it will happen. (0:27)

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Romney: After 'Recovery Summer,' I'm Fearful Of 'Recovery Winter'

Former governor Mitt Romney (R) critizies President Barack Obama on number of unemployed Americans that he says can stand in a single-file line from Washington, D.C. to California and back again. (0:19)

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Bernanke: Short-Term Unemployment Can Lead To Permenant Unemployment

Ben Bernanke, Chairman of the Board of Governors of the Federal Reserve System, says that short-term unemployment can lead to workers’ skills eroding, demoralization, and permenant unemployment. (0:48)

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It Will Take Time To Mend The Unemployment Situation, Says Orszag

Peter Orszag, the Director of the White House Office of Management and Budget, says that it will take time for the unemployment situation to improve. However, Orszag notes that there have been promising signs. (0:33)
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Obama: Job Numbers Encouraging, But More Work Needs To Be Done

President Barack Obama said Friday that the job numbers released earlier that day were encouraging, but the U.S. still needs to improve the unemployment situation.

“Today’s job numbers, while welcome, leaves us with a lot more work to do,” Obama noted. “It will take time to achieve the strong and sustained job growth that we need.” (0:10)

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New Unemployment Numbers Better Than Expected, But Not Good Enough, Says Obama

President Barack Obama said Friday that while February's unemployment numbers are better than expected, the U.S. still needs to do better. The president adds that his administration is determined to improve the employment situation. (0:53)
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Bernanke: Estimated 2012 Unemployment Rate Still Too High

Federal Reserve Chairman Ben Bernanke says that by 2012, the U.S. unemployment rate is estimated to decrease to between six and seven percent. Bernanke says this drop does not meet the five percent unemployment rate necessary for a long-term sustainable economy. (0:34)
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Boehner Says Recovery Act Not Responsible For Unemployment Drop

House Minority Leader John Boehner (R-Ohio) refused Friday to attribute November’s small drop in unemployment to the American Recovery and Reinvestment Act.

“We’re encouraged that the rate dropped slightly, but I don’t think it has anything to do with the stimulus bill at all,” said Boehner during a morning press conference. (0:06)
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Boehner: Recovery Act Did Little To Put People Back To Work

House Minority Leader John Boehner (R-Ohio) said Friday that the American Recovery and Reinvestment Act has done little to put Americans back to work.

“You can argue that the line could have gotten worse had it not been for the stimulus on construction jobs," said Boehner. "But other than the money that was in there for infrastructure, the other … $740 billion in this bill had nothing to do with putting people back to work.” (0:34)


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Despite Slower Job Loss, Millions Still Unemployed Says New York Democrat

Joint Economic Committee Chairwoman Rep. Carolyn Maloney (D-N.Y.) says during a hearing Friday that although job loss is slowing, millions of Americans remain unemployed. (0:18)
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