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This is good.
Imus in the morning from around on the Fox News.
Morning everyone -- look at that big does government jobs report in today the economy is expected to have added 150000.
Jobs in January driven by the private sectors.
Expected new jobs meanwhile the unemployment rate is forecast to stay at eight point 5%.
Now keeping money can be difficult sometimes to get a true reading from the first employment report of the year -- unusual factors like seasonal hiring during the holidays and unusual weather patterns.
But the report comes out at 8:30 eastern -- fox business's Peter Barnes will be at the Labor Department live to give us those numbers as soon as they cross.
Now let's take a look at the markets over in Europe retail sales in the Euro -- fell unexpectedly in December.
But -- euros on purchasing managers report showed growth following four months of declines.
Stuck there up across the board London's up by 2.3 Paris is up by about eight and Frankfurt's up by twelve points.
Here in the US we're also seeing Green across the board Dow futures are up by sixteen the FDP is up by two and the nasdaq's up by eight.
Now let's -- line with more on that jobs are where we keep talking about we have John Hancock financial -- -- senior economist Oscar Gonzales on with us now from Boston and John.
As -- -- analysts expect 150000.
New jobs for January.
That's compared to 200000 in December -- so is it declined to be expected after the holidays are.
Shouldn't be concerned if those numbers hold true.
Do we have John -- Johnny being shy partner.
And -- let let let's move on.
So -- bill aiming to stop insider trading on Capitol Hill is one step closer to becoming a law.
The senate approved -- stock act yesterday in the measure now heads the house is expected to take up next week.
The bill -- lawmakers from trading stocks based on nonpublic information they got while in office several amendments have already been added including a ban on bonuses for top officials that Fannie Mae and Freddie Mac.
While that you are under government control.
If the house makes more changes -- legislation will have to go back to the senate for another vote.
And the house also has its own version of the bill so we'll see how this all plays out I we're gonna go back to our -- not very there.
Yes I'm here -- get -- right after great.
So we're expecting 150000.
Jobs through January we had 200000 December's obviously that's a drop at the numbers hold true.
I'm wondering if this is just to be expected because of the holidays are we should be concerned if we see a drop here.
No I don't think we should be too concerned if we see a drop obviously what we have to take a look is or what's happened -- in the last fifteen months.
And that they're the pattern is very clear very there has been an improvement in the labor market and I think although he has been very gradual.
That's really what we have to keep in mind that's really what it's important to maintain the the -- expansion going.
An -- I know it's a little Dicey get a good read from the first report of the year so how should investors approach the information we do get from -- I think they should be very cautious.
In terms of how you you -- -- this information clearly the first.
Report both of the year is going to be right modeled by the seasonal factors as well as some of the elements said that they'd they'd be alas he's he's putting into the new report by grieve every pension.
Some of the the numbers that we so for last year.
So I think.
The overall the important being used to keep in mind that the big picture dad the improvement is there.
Hopefully we'll see with the revisions.
Gave -- more of re -- gain in in employment.
So I think that should be very positive.
And that you said -- improvements there we have seen a few drops in the unemployment rate lately and so on but.
They're still an usually high level of long term unemployment how much does that worry you.
That actually he's quite worrisome I think -- this is a very unusual.
The company we see that.
40% of the people who -- Unemployed.
Have been unemployed for more than six months and I think that he's clearly a situation that would be very hard to address over the short term.
And retraining -- perhaps is the the -- the way to go back to certainly it's it's quite worrisome you have to take into account that we've really lost.
Over eight million jobs seems the since the peak -- -- 2009.
And now we've we call over -- -- two million.
Job so we've really varies a long way to go before we can't claim that the the job market these functioning normally again.
Our right after thanks -- -- -- Gonzales that John Hancock Financial Services for -- and here's a look at commodities now oil and gold -- both up -- up by about ten and around 96 dollars a barrel gold up by at fourth and forty cents there.
At 1759 announce coming up this hour -- -- -- guess would be California congressman Darrell ice.
Imus in the morning continues right now on Fox Business giving you the powered across.
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