![]() > nonetheless, a good week for news here. the longer people are out of work, the less employable they tend to be, unfortunately. ![]() that's going to keep the unemployment from getting back to what we would consider more normal or optimistic levels for a long time. that's been a troubling measure, long-term unemployment. > wouldn't you say one of the brightest points is the fact that people that have been unemployed for six months or longer is now at a year and a half low? > without a doubt. so, i do think that somewhere approaching 7% would be the optimistic scenario for the end of 2012. ![]() Is really looking good in terms of private sector profits and profit margins and capital spending, looking pretty good. there are some signs, though, that the job growth is kind of accelerating modestly at this point. it would require 300,000 or more jobs per month to be created between now and the end of 2012. when can we expect the unemployment rate to go down to maybe 7%? > 7%, to be honest, is an optimistic outlook for the end of next year. that means more people that gave up searching may be actually be searching for work right now. so, i do think we're going to see, over the summer, some moderation in food inflation. we didn't see cotton goods, for example, go up as much as the crude cotton went up. and by the way, we didn't see the full impact of the increase in commodity prices in the actual products on the shelves. can we expect to see food and clothing prices go down, as well? > yes. > we're talking about commodity prices as a whole. 20 cents, 30 cents, 40 cents a gallon, depending on where you are in the country, in probably about a month. ![]() three to four weeks, you're looking at a dramatic decline. there's always a lag in that price decrease getting to the pump. so, how much of a decline can we expect to see in gas prices? and when? > crude oil prices are down 10% to 15% just in a week. we know that gas prices traditionally follow oil prices. i'm talking to "barron's" senior editor, mike santoli here. so, we set up an economic timeline, to try to get a handle on when prices might be coming down. now, analysts say, as they expect a steady decline, perhaps into july. until yesterday, the price of gasoline had increased every, single day since march 23rd. a win-win, after months of pain at the pump. that means the price of gas, food and clothing could soon be going down, as well.Īnd lower gas prices mean lower costs for transporting nearly everything we buy. in addition, oil prices fell 15% this week. that's more than expected and and the third-straight month of solid job growth. but we're going to begin with something we've all been waiting for, encouraging economic news. and we're going to explain why one of the alleged bullies will most likely not see any jail time. we're going to show you their emotional statement. they are speaking publicly for the first time. he's the student from rutgers university, who jumped off a bridge after a case of cyber bullying. also this morning, the parents from tyler clementi. you can see in the pictures, literally holding those animals up in four-hour shifts. they became stranded thursday afternoon during a low tide. these are rescuers working around the clock trying to save more than a dozen beached pilot whales. Meanwhile, there's a desperate rescue going on this morning off the coast of florida.
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