
So we have got a real weakness in the automotive sector continuing there? Correct?
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So we have got a real weakness in the automotive sector continuing there? Correct?

So if you took construction and manufacturing together, what percentage of the job loss--was it well over 100 percent?

Now Chairman Bernanke talks about slow performance late last year, you know, the signs of a recession this year.

We are trying to figure out what we should be doing from our end in order to stem the tide of all these negative statistics.

Thank you for letting me do this, and thank you for participating with me on this.

OK. And the biggest falloff in employment has been the construction industry?

The overall unemployment rate rose to 5.1 percent. Where was that rate a year ago?

Do you see any of that reflected in your employment data of either strength or less weakness in employment and export-oriented sectors?

I think everybody's key focus has been on the housing market and what we can do to stimulate the housing market.

So there has been a steady deterioration since about the middle of last year?

You mentioned that the construction industry--when you say on month-to-month, do you see any trend lines on the export on a broader--on a longer basis on employment related to exports broader than a few months?

Today's news that the economy lost 80,000 payroll jobs last month and that the unemployment rate rose to 5.1% is disappointing all of us.

Ah, thank you. OK, so that that is a reflection of the bigger number of unemployment taking place, rather than that people are unemployed for a less period of time.

Oh boy. So you are looking at well over 60 percent of the job loss is in the one industry alone, construction?

You were hesitant to use the word 'recession,' but would you say we are in a recession relative to unemployment rates?

Well the definition is two quarters of negative growth is what I have always understood the kind of classic definition of a recession is.