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Former Labor Department Chief of Staff Paul Conway on what is needed to boost the economy and job growth.
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You earlier about today's disappointing jobs numbers all told the US -- just 69000.
Jobs last month -- -- air.
And a fifteen trillion dollar economy.
And the jobs were created were part time not full time for more Paul Conway former chief of staff -- Department of Labor now the president of generation opportunity.
All welcome to the show great to see you.
Very -- -- what confounds me.
How all the economists get this wrong because the consensus was that we would create something like a 150000.
-- 155000.
Jobs.
Nothing like it.
Well I think there's some things -- -- themselves to what economists analyze and there are other things that are.
I guess we're you would -- -- the indistinguishable and that's things like confidence in America people's optimism.
And -- -- -- situation especially with young people when -- a lot of things around your friend doesn't have a job your family members don't have a job.
That dash -- confidence and some of those things can't be measured you see it actually play out on numbers -- when you have an increase in unemployment.
So you think that employers are.
They're not upbeat they're they're lacking in confidence and they're just not hiring is that what you're saying.
Yeah I think that's part of it I mean that's a big thing for folks that are young especially.
You know what -- have wasn't -- first the entire report and not just young people are really wanna talk about this report it's a very big deal.
Americans are waiting for a turnaround in this job market and it just hasn't happened you know the expectation.
I was -- we have eight point 1% unemployment we have eight point two again.
The numbers are getting worse not better.
The president says that he's -- change coming in it's gonna require congress to do something.
Is -- shifting blame.
What's they -- if you listen closely a year ago he was saying that people ought to be patient and then it became people water consider being fair and that people should do more.
NC continually hear this new substitute language when really what has to happen is the American economy is -- -- be its stimulative.
To get going and what that means government's got to get out of the way -- the person that controls most of the government and the regulations.
That are stifling business growth is the president and his appointees.
You know although at lot of people now talking about more stimulus they think the Federal Reserve -- it jumping here maybe when congress will start spending some money.
To promote job growth that get the economy expanding is that a good idea or -- bad idea.
Why I think when -- and or public opinion surveys when asked people what do you think.
Most people are not in favor of increased government spending effect they want more regulation slash they want less spending and they don't want to have to pay out of pocket for increased debt.
And when you talked to business folks they want the same thing especially small business anywhere from Maine to Texas.
To California down to Florida folks -- seem very much the same -- step out of the way.
You know you started by talking about teen's college kids young people out in the workforce let's take a look at some of those.
Numbers when it comes (%expletive) college graduates.
Only 51% are employed full time of graduates this year 20% went to gradually but the whole thing off 12% are employed part time 11% unemployed so.
A minority.
Well a majority getting full time -- with 50% either not finding jobs -- just staying in school that to avoid the job market -- What is going to be the future for these folks and this is hold them back for a long time because they haven't been able to get that first job as they expected.
You're hitting on the perfect point in this this when you take a look at things that are long term trends if you step away from the monthly number.
And you look at issues that -- American competitiveness what it is is saying well educated workforce.
And people who have skills so if you don't have those entry level jobs -- not learning on the job had to be on time how to work on a team had to be project managers.
Senior -- delaying the curve of knowledge in the curve of talent.
For this country and it's it's a horrible thing that's going on.
-- -- similar impact from teens not getting jobs because that's that's a little different I mean there's a college kids who have paid for this education.
Going -- they're trying to get that for seven or teens and they are the folks who are.
Doing the things that you suggest -- -- figure out how to get to work on time having not just skills but just also work ethic.
Listen to me that it this just delays.
Really growing and maturing for a lot of really young people out there.
We would agree with I mean clearly can -- -- and we gets a part of this something that's a classic American value which is aspiration.
So when you go to work you earn -- income you learn skills but you also learn that you're earning your way.
And earning income in order purchase things that you want or help save for college.
Or trade school if you choose not to go to school had to -- for business.
Are right Paul thanks for your help today.
Interesting facts -- terrible report also gets better soon thank you.
Thank you.
