Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Weak Job Growth Equals Weak to No Recovery?

Details

  • Description

    FBN's Liz MacDonald breaks down September's ADP jobs report.

  • Duration 1:22
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- -- The sputtering economy like the central focus of tonight's debate.

And ADP employment survey out this morning shows a 162000.

Private payroll jobs added more than expected.

But I spent months numbers revised down big jobs report due Friday could fuel talk though that the US already in recession and -- -- McDonald's here with you next.

-- -- out this morning show slowing job growth vs August numbers in other words a 162000.

Vs a 189000.

In August and what we're essentially seeing here is -- trend is essentially going down across the board.

I discover report out Friday were expecting a -- and thirteen thousand jobs vs.

I 96000 jobs in August lieutenant likely see an uptick to eight point 2% in the jobless rate.

Look at the trend here you -- -- that it basically were around 200000.

Or 150000 a month.

We need to be well above 200000 to keep up with population growth remember this is -- rear view mirror a lagging indicator of going forward again -- seems likely weaker job growth.

That's the bottom line going forward net job creation under this administration -- 125000.

Jobs created a 125 can't.

In the entire four years of this administered -- the average job growth is running around a 150 K a month we -- K well above 200 K to keep up population that checkers and get right to employment were jobless rate down fact checkers at the ready for the -- tonight thanks very much to listen --

Load More