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FBN's Peter Barnes on how the Chicago Teachers Union strike could change September’s employment report.
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I think -- and bailout.
-- bought all this coming up of course the the other big story today it's out in Chicago where the teachers may be headed back to work soon but if they don't and the strike continues.
Could have an effect on the monthly jobs report for more on that story let's go to Peter -- and -- Now -- -- account that threaten all this could happen right in the middle of the election in which jobs are kind of a big issue -- call another 46000.
Teachers striking in Chicago.
Under labour department procedures that they are not back to work.
By the end of their pay period this Friday department economists will subtract them all from the non farm payrolls number for September and non farm payroll.
-- about a 100000 jobs a month for the last six months.
That could look ugly when the report is released October 5 a month before Election Day.
But if the teachers are back on the job by October they would get added back into the payrolls report for that month which is released November 2.
Given the payment payroll number a little boost.
5 days before the election that we saw this -- distortion last year with that Verizon strike when 45000 workers hit the picket lines in August.
That put the initial payroll report for that month.
At zero -- call that shocker now the following month job creation rebounded to a 100000 new jobs when the strike ended.
But with the current pace of job creation -- one economist thinks the map of the teachers strike right now may not have a big impact on.
Over the next couple of months -- know that things are very gradually improving but.
It's a very sluggish growth rate in this economy right now.
-- Nigel thinks that at this point to have a big impact on the election the jobs report with the teachers numbers are not.
Would have to be really good or really bad for the next two months have taken and gone alright Peter and we -- some other headlines to move on to right now.
