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Manpower Group CEO Jeffrey Joerres on what to expect from the February jobs report and the economic uncertainties preventing companies from hiring mor...
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Jolie jobless claims rising for the third straight week ahead of the February jobs report -- we have a CEO of one of the nation's leading staffing firms here.
To tell us what to expect tomorrow.
And power group chairman and CEO Jeff -- is joining us in a first on Fox Business interview we'll let's pull it apart.
What type of job creation do you see and do we see an erosion or at least a fall in a good way of the unemployment rate -- Well I mean and don't numbers we saw -- in unemployment you know you can't look at each week and it is so so when you look at what's really going to be happening.
In in the labor trends what we would see coming out tomorrow is that kind of clawing back -- continued kind of steady pace of saying.
We're gonna be adding some job so I prefer at this time -- the states to look at the number of jobs added so if -- could be looking somewhere over 200000.
I -- there's a lot of estimates higher than that but my view would -- -- if we can be looking at over 200000.
-- in a couple of these months that we've had I would say that you know what over time we are gonna be finding out that we're going to be adding jobs in a consistent way.
The challenges is that the unemployment rate will probably get sticky for a while because.
There's a lot going into that number there is the the -- those that are not looking for -- those that recently got off the unemployment -- so it's that main number of how many jobs were created last month -- wanna raid on anybody's -- by reverend last year about this time we have three months of over 200000.
Job growth.
Three months in a -- and then -- -- the bottom just dropped out we went below 100000 went through those summer doldrums any chance I could happen this year.
Well no doubt I think you could happen at any moment and the reason is if -- if last time around -- is one what we saw was that European crisis started to get awfully real.
So what happens is companies are not going to just because they have a plan because they they have in the budget is continue to hire they have what we call hyperactive index finger they're gonna push the button and say no more hiring there's some bad news out there or potential bad news we're still seeing that hesitation is playing a lot.
The in the role of not as much -- as we would have anticipated so.
Last year I think what we were seeing was a good progression and all of a sudden we hit -- speed -- with the European new.
